Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)

¹ FINMA shall is­sue pro­vi­sions on:

a.

the scope of the no­ti­fic­a­tion duty;

b.

the treat­ment of ac­quis­i­tion and dis­pos­al rights;

c.

the cal­cu­la­tion of vot­ing rights;

d.

the time frame with­in which the no­ti­fic­a­tion duty has to be ful­filled;

e.

the time frame with­in which a com­pany has to pub­lish changes to its own­er­ship struc­ture in ac­cord­ance with Art­icle 120.

² FINMA may, for good cause, make pro­vi­sion for ex­emp­tions to or eas­ing of the no­ti­fic­a­tion or pub­lic­a­tion duty, par­tic­u­larly if the trans­ac­tions:

a.

are of a short-term nature;

b.

are not as­so­ci­ated with any in­ten­tion to ex­er­cise the vot­ing right; or

c.

are con­di­tion­al.

³ Any­one who in­tends to ac­quire se­cur­it­ies can ob­tain a rul­ing from FINMA as to wheth­er or not they will be sub­ject to the no­ti­fic­a­tion duty.