Ordinance
of the Swiss Financial Market Supervisory Authority on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(FINMA Financial Market Infrastructure Ordinance, FinMIO-FINMA)

(Art. 123 paras. 1 and 2, 124 Fin­MIA)

¹ Ex­emp­tions or eas­ing pro­vi­sions to the duty of no­ti­fic­a­tion and pub­lic­a­tion may be gran­ted, provided there is good cause for do­ing so, and par­tic­u­larly if the trans­ac­tions:

a.

are of short-term nature;

b.

do not en­tail any in­ten­tion to ex­er­cise the vot­ing right; or

c.

are sub­ject to con­di­tions.

² Re­quests to this ef­fect must be made to the com­pet­ent dis­clos­ure of­fice pri­or to the trans­ac­tion in ques­tion.

³ Re­quests for com­pleted trans­ac­tions shall only be ad­mit­ted by the com­pet­ent dis­clos­ure of­fice as an ex­cep­tion and in ex­traordin­ary cir­cum­stances.