SIX Exchange Regulation AG Applies For Authorization As A Prospectus Office

On 6 November 2019, the Federal Council brought the new Financial Services Act (FinSA) as well as its implementing ordinance, the Financial Services Ordinance (FinSO), into force with effect from 1 January 2020. The new legal provisions will standardise the prospectus rules for all securities offered publicly or traded on a trading venue.

A prospectus must contain the essential information for the investor’s decision-making, namely information relating to the issuer and the rights, obligations and risks associated with the securities. Prospectuses now have to be reviewed by a Prospectus Office authorized by the Swiss Financial Market Supervisory Authority (FINMA).

SIX Exchange Regulation AG (SER AG) has submitted an application for authorization as a Prospectus Office. As an autonomous and independent body within SIX, SER AG regulates and monitors participants and issuers on SIX trading venues. One of its many diverse tasks is the admission of securities. SER AG already has many years of experience in this, and its specialist expertise in prospectus review for listed companies and securities is unique on the market.

Within the context of prospectus review and listing, in future SER AG will continue to be able to offer all services for the Swiss financial centre and for international clients efficiently under one roof.

SIX operates the infrastructure for the Swiss financial centre and guarantees outstanding trading, listing and post-trading solutions. The services of the future Prospectus Office SER AG will be integrated seamlessly into the SIX strategy.