SIX Exchange Regulation began an investigation into possible breaches of the Directive on Ad hoc Publicity and the Directive on Information relating to Corporate Governance by UBS AG.
SIX Exchange Regulation, which is entrusted by SIX Swiss Exchange Ltd with the tasks of monitoring and enforcing issuers’ obligations, began an investigation into possible breaches by UBS AG of the provisions on the ad hoc publicity in the period from 2007 to the end of 2008 as well as possible breaches of the Corporate Governance Directive in connection with the bank’s 2008 annual report.
Investigatory proceedings will continue for an indefinite period. SIX Exchange Regulation will announce its findings, although no information will be provided while the proceedings are ongoing.