|
Art. 50 Transitional provision on the disclosure of shareholdings
1 Disclosure notifications made under existing law retain their validity. Cases which arose prior to the FinMIA coming into force and which need to be disclosed due to that Act and this Ordinance must be reported by 31 March 2016. 2 Cases requiring notification which arise after this Ordinance comes into force may initially be reported and published under the current law, including a notice to that effect, up to 31 March 2016. The notification under the new legal regime must be submitted to the competent disclosure office and the company by 31 March 2016. 3 A disclosure office that does not have an electronic publishing platform when this Ordinance comes into force must have such a platform available and fully operational by 1 January 2017. 4 Until an electronic publishing platform becomes operational in accordance with paragraph 3, the company publishes its disclosure notifications in the Swiss Official Gazette of Commerce and in at least one of the prominent electronic media used for disseminating stock exchange information. The relevant point in time in determining compliance with the deadline under Article 24 paragraph 2 is the communication of the disclosure notification to the electronic media. Such disclosure notification must be sent to the disclosure office at the same time. |