Legal texts





Informations
Federal Act on Stock Exchanges and Securities Trading (Stock Exchange Act, SESTA)
Informations
Ordinance on Stock Exchanges and Securities Trading (Stock Exchange Ordinance, SESTO)
Informations
Ordinance of the Financial Market Supervisory Authority on the Stock Exchange (Stock Exchange Ordinance of the FINMA, SESTO-FINMA)
Informations
Ordinance of the Takeover Board on Public Takeover Offers (Takeover Ordinance, TOO)
Regulations of the Takeover Board (Regulations-TB, R-TB)



Informations
TOB Circular No. 1: Buyback programmesPDF version
Informations
TOB Circular No. 2: Liquidity in the context of Takeover LawPDF version
TOB Circular No. 3: Examination of Public Takeover OffersPDF version



Directive of 14th June 2012 regarding the conflicts of interest by members and employees of the Board (german version)PDF version
Informations
Swiss Auditing Standard on the examination of Public Takeover Offers (AS 880)





Consultation regarding equality of treatment in exchange tender offersPDF version
Hearing of the SIF on the control premium in takeover legislation
Modification of the Federal Act on Stock Exchanges and Securities Trading (stock market offences and market abuse) - Statement of the Swiss Takeover Board (27 April 2010)
Modification of the Federal Act on Stock Exchanges and Securities Trading (stock market offences and market abuse) - Addition to the Statement of the Swiss Takeover Board (8 July 2010)



Separate trading line

Informations
Draft of Swiss Auditing Standard (draft-AS 880)





Informations
Ordinance of the Federal Banking Commission on the Stock Exchange (Stock Exchange Ordinance of the FBC, SESTO-FBC)
Informations
Ordinance of the Takeover Board on Public Takeover Offers (Takeover Ordinance, TOO)
Regulations of the Takeover Board (Regulations-TB, R-TB)



TOB Circular No. 1 of 26 February 2010: Buyback programmesPDF version
TOB Circular No. 4 of 9 February 2009: Voluntary public exchange offersPDF version
Communication no. 1 - The buyback of own shares PDF version
Communication No. 2 - Liquidity PDF version
Communication no. 3 - Cancellation of "outstanding equity securities" after a public takeover offer
Communication No. 4 - Voluntary public exchange offersPDF version