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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)

of 3 December 2015 (Status as of 1 February 2023)

Art. 32 Indirect acquisition

(Art. 135 paras. 1 and 4 Fin­MIA)

Art­icle 120 para­graph 5 Fin­MIA and Art­icle 11 of this Or­din­ance ap­ply by ana­logy to those hold­ings of the tar­get com­pany re­quir­ing an of­fer when mak­ing an in­dir­ect ac­quis­i­tion.