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. 37 Resurgence of the duty to make an offer

(Art. 135 para. 4 Fin­MIA)

A per­son who re­duces a hold­ing of 50% or more of the vot­ing rights in a com­pany ac­quired pri­or to 1 Janu­ary 1998 to un­der 50% must make an of­fer un­der Art­icle 135 Fin­MIA, if the said per­son's hold­ing sub­sequently ex­ceeds the threshold of 50%.

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