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)


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Art. 34 Calculation of the threshold

(Art. 135 paras. 1 and 4 Fin­MIA)

1 The threshold is cal­cu­lated based on the total num­ber of vot­ing rights in ac­cord­ance with the entry in the com­mer­cial re­gister.

2 When de­term­in­ing wheth­er the threshold has been ex­ceeded, all equity se­cur­it­ies are taken in­to ac­count which are owned by the ac­quir­ing per­son or whose vot­ing rights have been trans­ferred to the ac­quir­ing per­son in an­oth­er way, re­gard­less of wheth­er the vot­ing rights may be ex­er­cised.

3 Vot­ing rights re­stric­ted to a power of at­tor­ney gran­ted solely for the pur­poses of rep­res­ent­a­tion at one gen­er­al meet­ing are ex­cluded from the cal­cu­la­tion.

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