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

¹The bank­ruptcy li­quid­at­or or the re­struc­tur­ing agent shall re­port to FINMA, sum­mar­ising the pro­gress of the bank­ruptcy pro­ceed­ings or the re­struc­tur­ing pro­ceed­ings.

²The bank­ruptcy li­quid­at­or’s con­clud­ing re­port shall also con­tain the fol­low­ing in­form­a­tion:

a.

de­tails of the com­ple­tion of all pro­cesses re­lat­ing to the cal­cu­la­tion of the as­sets and li­ab­il­it­ies;

b.

de­tails of the status of the leg­al claims as­signed to cred­it­ors un­der Art­icle 260 DEBA¹; and

c.

a list of the shares not yet paid out as well as the se­greg­ated cus­tody as­sets not yet sur­rendered, com­plete with an ex­plan­a­tion as to why no pay­out or sur­render has been pos­sible to date.

³FINMA shall give pub­lic no­tice that the bank­ruptcy pro­ceed­ings or the re­struc­tur­ing pro­ceed­ings have been com­pleted.