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

¹ A fine not ex­ceed­ing CHF 500,000 shall be im­posed on any per­son who wil­fully:

a.

fails to sub­mit the man­dat­ory re­port to the hold­ers of equity se­cur­ity set­ting out his or her po­s­i­tion in re­la­tion to the of­fer or fails to pub­lish such a re­port (Art. 132 para. 1);

b.

in­cludes un­true or in­com­plete in­form­a­tion in such re­port (Art. 132 para. 1).

² A fine not ex­ceed­ing CHF 150,000 shall be im­posed on any per­son who com­mits the fore­go­ing act through neg­li­gence.