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


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Art. 140 Appeal proceeding before FINMA

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

2 The 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.

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

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