Ordinance of the Swiss Financial Market Supervisory Authority on the Insolvency of Banks and Securities Dealers

¹Where the re­struc­tur­ing plan provides for an in­ter­ven­tion in­to cred­it­ors' rights, FINMA sets the cred­it­ors a dead­line at the latest with the ap­prov­al of the re­struc­tur­ing plan with­in which they can re­ject it. The dead­line is of at least ten work­ing days. The trans­fer of li­ab­il­it­ies and con­trac­tu­al re­la­tion­ships and the change of debt­or in­volved do not in­fringe upon the rights of the cred­it­ors.

²Cred­it­ors wish­ing to re­ject the plan must do so in writ­ing. They must give their name and ad­dress as well as the amount of their claim at the time of open­ing the re­struc­tur­ing pro­ceed­ings, and the reas­ons for it. The re­jec­tion let­ter must be sent to the re­struc­tur­ing agent.