Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 140 Appeal proceeding before FINMA

1An ap­peal against de­cisions of the Takeover Board may be lodged with FINMA with­in a peri­od of five trad­ing days.

2The ap­peal must be made in writ­ing to FINMA and be sub­stan­ti­ated. In the event of an ap­peal, the Takeover Board will for­ward its files to FINMA.

3Art­icle 139 para­graphs 1, 4 and 5 ap­ply to the pro­ceed­ing for ap­peals lodged with FINMA.

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