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

¹ The stock ex­change shall is­sue reg­u­la­tions on the ad­mis­sion of se­cur­it­ies to trad­ing, and par­tic­u­larly for the list­ing of se­cur­it­ies.

² The reg­u­la­tions shall take ac­count of re­cog­nised in­ter­na­tion­al stand­ards and in par­tic­u­lar shall con­tain pro­vi­sions on:

a.²⁵

the re­quire­ments that ap­ply to the se­cur­it­ies and the is­suers and the du­ties of the is­suer, its rep­res­ent­at­ives and third parties in con­nec­tion with the list­ing or ad­mis­sion of se­cur­it­ies to trad­ing;

b.

the pub­lic­a­tion of in­form­a­tion on which in­vestors rely for as­sess­ing the char­ac­ter­ist­ics of se­cur­it­ies and the qual­ity of the is­suer;

c.

the du­ties of the is­suer, its rep­res­ent­at­ives and third parties for the en­tire dur­a­tion of the list­ing or ad­mis­sion of se­cur­it­ies to trad­ing;

d.

the ob­lig­a­tion, re­gard­ing the ad­mis­sion of equity se­cur­it­ies and bonds, to com­ply with Art­icles 7 and 8²⁶ of the Fed­er­al Act of 16 Decem­ber 2005²⁷ on the Li­cens­ing and Over­sight of Aud­it­ors (AOA).

^2bis The pro­spect­us re­quire­ment is gov­erned ex­clus­ively by Art­icles 35–57 of the Fin­an­cial Ser­vices Act of 15 June 2018²⁸.²⁹

³ The stock ex­change shall mon­it­or com­pli­ance with the reg­u­la­tions and im­pose the sanc­tions provided for con­trac­tu­ally in the event of vi­ol­a­tions.