Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

of 6 November 2019 (Status as of 23 January 2023)


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Art. 14 Public offer of securities on the primary market

(Art. 12 Fin­IA)

1The ques­tion of what con­sti­tutes a pub­lic of­fer is de­term­ined on the basis of Art­icle 3 let­ters g and h of the Fin­an­cial Ser­vices Act of 15 June 201813 (FinSA).

2Of­fers to schemes and per­sons in ac­cord­ance with Art­icle 65 para­graphs 2 and 3 are not deemed pub­lic.

13 SR 950.1

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