Legal basis

Anyone submitting a public offer to purchase securities in Switzerland or requesting the admission of securities to trading on a stock exchange pursuant to Art. 26 FMIA must first publish a prospectus.

The examination of the prospectuses is the responsibility of a Review Office (reviewing body) approved by FINMA in accordance with Art. 52 FinSA. It checks it for completeness, coherence and comprehensibility.

Tasks of the Prospectus Review Office

Tasks of the Prospectus Inspection Office

The Prospectus Review Office:

shall review the prospectus without delay upon receipt;

may require the prospectus to be amended if it finds that it does not comply with the legal requirements;

may, upon request, decide on certain preliminary decisions and exceptions;

maintains a list of accounting standards generally accepted by it;

deposits the prospectus (incl. supplements and amendments) approved by it in physical or electronic form; and

may publish the prospectus and the supplements thereto in electronic form on its website upon request.

When do prospectuses have to be submitted to a Prospectus Review Office?

Art. 109 FinSO provides that a prospectus for securities offered to the public in Switzerland or admitted to trading on a trading venue must be published no later than six months after the authorisation of a Prospectus Review Office by FINMA (but not earlier than 1 October 2020).

FINMA-approved Prospectus Review Offices in Switzerland

So far, FINMA has not approved any Prospectus Review Offices in Switzerland. However, it is to be expected that both Swiss stock exchanges, SIX Swiss Exchange AG and also BX Swiss AG, will submit an application for approval to FINMA as a Prospectus Review Office.

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    Diese Webseite informiert über die Aufgaben der ab dem Jahr 2020 im Rahmen des schweizerischen Bundesgesetzes über die Finanzdienstleistungen (FIDLEG) eingeführten Prüfstelle für Prospekte, des Beraterregisters sowie der Ombudsstelle.

    KONTAKT

    BX Swiss AG
    Löwenstrasse 2
    CH-8001 Zürich

    +41 31 329 40 40
    info@regservices.ch