Ordinance
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Ordinance, FinMIO)

(Art. 142 para. 2 Fin­MIA)

The com­mu­nic­a­tion of in­sider in­form­a­tion to a per­son does not fall un­der Art­icle 142 para­graph 1 let­ter b Fin­MIA if:

a.

this per­son re­quires the in­sider in­form­a­tion in or­der to ful­fil his or her stat­utory or con­trac­tu­al ob­lig­a­tions; or

b.

the com­mu­nic­a­tion is re­quired with re­gard to the con­clu­sion of a con­tract and the in­form­a­tion hold­er:

1.

makes it clear to the in­form­a­tion re­cip­i­ent that the in­sider in­form­a­tion may not be ex­ploited, and

2.

doc­u­ments the dis­clos­ure of the in­sider in­form­a­tion and the cla­ri­fic­a­tion un­der item 1 above.