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

¹FINMA shall ap­prove the re­struc­tur­ing plan with a rul­ing if the con­di­tions stip­u­lated in the BankA and this Or­din­ance are met.

²It shall give pub­lic no­tice of the ap­prov­al and the ba­sic fea­tures of the re­struc­tur­ing plan, stat­ing how the af­fected cred­it­ors and own­ers can in­spect the plan.

³If the re­struc­tur­ing plan or­ders the trans­fer of land, the grant­ing of in rem rights and ob­lig­a­tions over land or changes in the share cap­it­al, these or­ders shall have dir­ect ef­fect with the ap­prov­al of the re­struc­tur­ing plan. The re­quired entries in the Land Re­gister, the Com­mer­cial Re­gister or in any oth­er re­gister shall be made as soon as pos­sible.¹