Federal Act
on Intermediated Securities
(Federal Intermediated Securities Act, FISA)

of 3 October 2008 (Status as of 1 January 2023)


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Art. 8a Delivery of bearer shares in companies limited by shares without listed equity securities 29

In the case of com­pan­ies lim­ited by shares without lis­ted equity se­cur­it­ies whose bear­er shares are or­gan­ised as in­ter­me­di­ated se­cur­it­ies, the cus­todi­an des­ig­nated by the com­pany in ac­cord­ance with Art­icle 697j para­graph 5 of the Code of Ob­lig­a­tions30 shall en­sure that the se­cur­it­ies are only de­livered:

a.
on the cus­todi­an ceas­ing its du­ties31: to the cus­todi­an in Switzer­land de­signed as the re­place­ment by the com­pany;
b.
on the con­ver­sion of the bear­er shares in­to re­gistered shares: to the com­pany;
c.
on the de­struc­tion of the bear­er shares: to the com­pany.

29 In­ser­ted by No I 4 of the FA of 21 June 2019 on the Im­ple­ment­a­tion of the Re­com­mend­a­tions of the Glob­al For­um on Trans­par­ency and the Ex­change of In­form­a­tion for Tax Pur­poses, in force since 1 Nov. 2019 (AS 2019 3161; BBl 2019 279).

30 SR 220

31 Cor­rec­ted by the Fed­er­al As­sembly Draft­ing Com­mit­tee (Art. 58 para. 1 ParlA; SR 171.10).

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