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. 35 Definition of the duty to make an offer

(Art. 135 paras. 1 and 4 Fin­MIA)

1 The duty to make an of­fer must be ex­ten­ded to all types of lis­ted equity se­cur­it­ies of the tar­get com­pany.

2 It must also in­clude new equity se­cur­it­ies cre­ated through equity de­riv­at­ives, if the as­so­ci­ated rights are ex­er­cised pri­or to ex­piry of the ex­ten­sion un­der Art­icle 130 para­graph 2 Fin­MIA.

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