Drucken
Artikel, Notizen und Markierungen werden geladen... Bitte um etwas Geduld.

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

Art. 126 Price stabilisation after a public placement of securities

(Art. 142 para. 2 and 143 para. 2 Fin­MIA)

Se­cur­it­ies trans­ac­tions which are in­ten­ded to sta­bil­ise the price of a se­cur­ity that has been ad­mit­ted to trad­ing on a trad­ing ven­ue or DLT trad­ing fa­cil­ity in Switzer­land and which fall un­der Art­icle 142 para­graph 1 let­ter a and Art­icle 143 para­graph 1 of the Fin­MIA are per­miss­ible if:51

a.
they are car­ried out with­in 30 days of the pub­lic place­ment of the se­cur­it­ies to be sta­bil­ised;
b.
they are ex­ecuted at a price that is no high­er than the is­sue price, or, in the case of trad­ing with sub­scrip­tion or con­ver­sion rights, at a price that is no high­er than the mar­ket price;
c.
the max­im­um peri­od dur­ing which the se­cur­it­ies trans­ac­tions can be car­ried out and the iden­tity of the se­cur­it­ies firm re­spons­ible for car­ry­ing them out are pub­lished be­fore the start of trad­ing with the se­cur­it­ies to be sta­bil­ised;
d.52
they are re­por­ted to the trad­ing ven­ue or DLT trad­ing fa­cil­ity at the latest on the fifth trad­ing day fol­low­ing their ex­e­cu­tion and pub­lished by the is­suer at the latest on the fifth trad­ing day after the ex­piry of the dead­line un­der let­ter a; and
e.53
the is­suer in­forms the pub­lic at the latest on the fifth trad­ing day fol­low­ing the ex­er­cising of an over­al­lot­ment op­tion (green­shoe) about the tim­ing of the ex­er­cising, as well as the num­ber and type of the se­cur­it­ies con­cerned.

51 Amended by No I 10 of the O of 18 June 2021 on the Ad­apt­a­tion of Fed­er­al Law to De­vel­op­ments in Dis­trib­uted Ledger Tech­no­logy, in force since 1 Aug. 2021 (AS 2021 400).

52 Amended by No I 10 of the O of 18 June 2021 on the Ad­apt­a­tion of Fed­er­al Law to De­vel­op­ments in Dis­trib­uted Ledger Tech­no­logy, in force since 1 Aug. 2021 (AS 2021 400).

53 Amended by No I 10 of the O of 18 June 2021 on the Ad­apt­a­tion of Fed­er­al Law to De­vel­op­ments in Dis­trib­uted Ledger Tech­no­logy, in force since 1 Aug. 2021 (AS 2021 400).