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


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Art. 141 Appeal proceeding before the Federal Administrative Court

1 An ap­peal against FINMA rul­ings re­gard­ing pub­lic takeover of­fers may be lodged with the Fed­er­al Ad­min­is­trat­ive Court in ac­cord­ance with the Fed­er­al Act of 17 June 200565 on the Fed­er­al Ad­min­is­trat­ive Court.

2 The ap­peal must be lodged with­in ten days of no­ti­fic­a­tion of the de­cision. It has no sus­pens­ive ef­fect.

3 The stat­utory pro­vi­sions on leg­al hol­i­days do not ap­ply to pro­ceed­ings re­gard­ing pub­lic takeover of­fers be­fore the Fed­er­al Ad­min­is­trat­ive Court.

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