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

¹ A per­son be­haves in­ad­miss­ibly when he or she:

a.

pub­licly dis­sem­in­ates in­form­a­tion which he or she knows or should know gives false or mis­lead­ing sig­nals re­gard­ing the sup­ply, de­mand or price of se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue or DLT trad­ing fa­cil­ity which has its re­gistered of­fice in Switzer­land;

b.

car­ries out trans­ac­tions or ac­quis­i­tion or dis­pos­al or­ders which he or she knows or should know give false or mis­lead­ing sig­nals re­gard­ing the sup­ply, de­mand or price of se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue or DLT trad­ing fa­cil­ity which has its re­gistered of­fice in Switzer­land.⁶⁸

² The Fed­er­al Coun­cil shall is­sue pro­vi­sions re­gard­ing ad­miss­ible con­duct, in par­tic­u­lar in con­nec­tion with:

a.

se­cur­it­ies trans­ac­tions for price sta­bil­isa­tion pur­poses;

b.

buy­back pro­grammes for a com­pany's own se­cur­it­ies.