Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ Pub­licly traded com­pan­ies must ap­point as an ex­tern­al aud­it­or an audit com­pany un­der state over­sight in terms of the Aud­it­or Over­sight Act of 16 Decem­ber 2005⁶¹². They must also ar­range for audits that must be car­ried out in terms of the stat­utory pro­vi­sions by a li­censed aud­it­or or a li­censed audit ex­pert to be car­ried out by a state su­per­vised audit com­pany.

² Oth­er com­pan­ies that are re­quired to have an or­din­ary audit must ap­point as ex­tern­al aud­it­or a li­censed audit ex­pert in terms of the Aud­it­or Over­sight Act of 16 Decem­ber 2005. They must also ar­range for audits that must be car­ried out in terms of the stat­utory pro­vi­sions by a li­censed aud­it­or to be car­ried out by a li­censed audit ex­pert.