Standard held by Allooloo Technologies Corp. · Open standard, MIT licence.

SM-ECO-10060 · Switzerland

SM-ECO-10060sm-eco-10060.org/market/ch/

Switzerland · ch-eco-10060

chapter ch.chapter.v17 · supersedes ch.chapter.v16 · as of 2026-11-01 · node ch-cm-kg · https://mcp.ch-cm-kg.ai/book/

7.2 The field element (every catalogue entry below is one of these)

Ask get_orderability with: Privatkundinnen und -kunden · professionelle Kunden · institutionelle Kunden — the client categories the chapter names, in the regime's own words (AIO client_categories, ch.aio.v7) · https://mcp.ch-cm-kg.ai/book/aio.json. The other category lists below are the chapter's ECO and ACM fields, not the identifiers the door takes.

Appendix A · ECO market section

ECO · ch.eco.v4 · supersedes ch.eco.v3 · produced 2026-11-01T00:36:22Z · signed on the node door

The catalogue starts from identifying the duty, obtaining the relevant facts, recognising constraints, supporting an action and preserving evidence. It retains the current page's sourceable information and extends the chapter beyond the page. Each regime is scoped to the instruments, actors and activities its evidence applies to. No tax or settlement value is treated as universal to a market.

jurisdiction_scopeTerritory, regime boundaries and cross-border applicabilitynot found
competent_authoritiesRegulators, competent authorities and allocation of responsibilityFINMA (Swiss Financial Market Supervisory Authority) for financial-market supervision; SIX Exchange Regulation AG (SER) as the exchange's listing/disclosure regulator

source https://www.finma.ch/en/ · dated not found

duty_mapApplicable product-governance and suitability duties by activity and actor

source https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/cc/2019/758/20261001/de/html/fedlex-data-admin-ch-eli-cc-2019-758-20261001-de-html-3.html · dated Stand am 1. Oktober 2026

participant_categoriesIssuer, intermediary, investor and client categories
  • category
    retail clients
  • category
    professional clients
  • category
    institutional clients

source https://www.lenzstaehelin.com/fileadmin/user_upload/CapLaw-03-2021_Position_Paper_regarding_selected_Aspects_of_the_Financial_Services_Act__FinSA__SCHAP.pdf · dated 1 January 2020

product_categoriesInstrument classes, exclusions and special regimes
  • class
    equity securities
  • class
    debt securities
  • class
    shares or units in collective investment schemes
  • class
    structured products
  • class
    derivatives as defined in article 2 lit. c FMIA
  • class
    structured deposits
  • class
    other debt instruments structured with fungible terms (Anleihensobligationen)
  • exclusion
    cash deposits or precious metals other than structured deposits
  • exclusion
    commodities other than derivatives on commodities
  • exclusion
    participation in equity of an undertaking not qualifying as securities
  • exclusion
    cryptocurrencies

source https://www.lenzstaehelin.com/fileadmin/user_upload/CapLaw-03-2021_Position_Paper_regarding_selected_Aspects_of_the_Financial_Services_Act__FinSA__SCHAP.pdf · dated 1 January 2020

issuer_and_listing_scopeDomicile, listing and issuer-status distinctions
dual_listing
the issuer may choose the listing on SIX to be its primary or secondary listing
foreign_secondary_listing
the listing rules of the foreign stock exchange where the issuer has its primary listing apply, provided the foreign stock exchange is recognized by SIX as having equivalent standards

source https://www.loyensloeff.com/legal-500---capma-comparative-guide---swiss-chapter-2025.pdf · dated 15-07-2025

exchanges_and_venuesVenue identities linked to AMP records
  • SIX Swiss Exchange (SIX)
  • BX Swiss
  • SIX Digital Exchange (SDX)
  • BX Digital

source https://www.loyensloeff.com/legal-500---capma-comparative-guide---swiss-chapter-2025.pdf · dated 15-07-2025

information_storesAuthoritative regulated-information repositoriesnot found
store_lookupDocumented lookup methods and identifier requirementsnot found
periodic_reportingPeriodic duties, deadlines, triggering events and exceptions
  • report
    Annual report with annual financial statements (Art. 49 LR, Art. 10 DFR, Art. 9 Point 2.01 DRRO)
    deadline
    within four months of the balance sheet date, and submitted to SER no later than at the time of its publication
  • report
    Interim report with interim financial statements (Art. 11 DFR)
    deadline
    within three months of the balance sheet date for the latter

source https://ser-ag.com/en/projects/reports-extensions.html · dated not found

ad_hoc_disclosureEvent-driven and inside-information disclosure obligationsSIX Listing Rules Art. 53 LR ad hoc publicity: duty concerns price-sensitive facts not publicly known arising in the issuer's area of operations; media release flagged 'ad hoc announcement pursuant to Art. 53 LR' to SER (primary-listed issuers via CONNEXOR Reporting), two electronic information systems (e.g. Reuters, Bloomberg), two Swiss media of national importance, any interested party on request; also published on issuer website; annual and interim reports must always be published by ad hoc announcement

source https://handbooks.six-group.com/en/investor-relations/regulatorisches-umfeld-regelwerk-und-reporting-six/ad-hoc-publizitaet · dated not found

filing_formatsRequired formats, validation requirements and document typesnot found
filing_languagesRequired or accepted languages and translation conditionsnot found
product_disclosuresProduct documents and pre-contract information duties
  • document
    key information document
    scope
    debt instruments with a derivative component, structured products or collective investment schemes

source https://www.loyensloeff.com/legal-500---capma-comparative-guide---swiss-chapter-2025.pdf · dated 15-07-2025

takeover_regimeOffer rules, control triggers and shareholder treatment
  • rule
    Mandatory offer trigger
    detail
    The purchase of more than 33 ⅓ % of the voting rights, by an individual investor or a group acting in concert, of a company listed on a Swiss stock exchange triggers the obligation to publish a tender offer for all shares of the company.
  • rule
    Minimum price for mandatory bids
    detail
    the higher of the volume-weighted average price (VWAP) of the last 60 trading days or the highest price that the offeror has paid for equity securities of the company in the preceding twelve months
  • rule
    Review authority
    detail
    Public offers for all or part of the shares of a company listed on a Swiss stock exchange are subject to Swiss takeover law and to the review of the TOB, essentially requiring a prospectus of the bidder and a statement of the board of directors of the target.

source https://www.walderwyss.com/assets/content/publications/Legal-500-Country-Comarative-Guides-Capital-Markets-2024.pdf · dated 25-10-2024

ownership_reportingSignificant holdings, beneficial ownership and notification duties
  • obligation
    Disclosure of significant shareholdings
    recipients
    disclosure office of the respective stock exchange as well as the company
    thresholds
    3, 5, 10, 15, 20, 25, 33 ⅓, 50, 66 ⅔ % of the voting rights
    scope
    purchase or sale of shares of a company listed on a Swiss stock exchange as well as derivative instruments related to such shares; groups of shareholders acting in concert

source https://www.walderwyss.com/assets/content/publications/Legal-500-Country-Comarative-Guides-Capital-Markets-2024.pdf · dated 25-10-2024

market_abuseInsider dealing, manipulation and related disclosure regimes
  • regime
    Insider dealing
    detail
    prohibits (i) the use of inside information, defined as non-public material price-sensitive information with respect to securities which are listed on a Swiss trading venue, for trading in such securities or related derivative instruments, (ii) the transfer of inside information as well as (iii) tipping
    legal_basis
    art. 142 and 154 FinMIA
  • regime
    Market manipulation
    detail
    disseminating false or misleading information to the market, executing artificial trades, or engaging in real transactions with the intent to manipulate stock prices
    legal_basis
    Articles 143 and 155 FinMIA
  • regime
    Ad hoc publicity
    detail
    self-regulatory regimes of the two Swiss stock exchanges require the immediate publication of non-public material price-sensitive information

source https://www.legal500.com/guides/chapter/switzerland-capital-markets/?export-pdf · dated 31-10-2026

trading_controlsMarket-wide trading constraints and intervention powers
  • control
    Transaction reporting duty
    detail
    duty of participants admitted to a trading venue under Article 34 para. 2 FinMIA to report all the information necessary for transparent securities trading
    legal_basis
    Article 39 FinMIA; FINMA Circ. 18/2
  • control
    Reporting deadline
    detail
    Transactions executed by participants via a trading venue in Switzerland may be reported after the fact before the close of trading on the following trading day.

source https://www.finma.ch/~/media/finma/dokumente/dokumentencenter/myfinma/rundschreiben/finma-rs-2018-02.pdf?sc_lang=en · dated 4 November 2020

market_calendarAuthoritative calendars and exceptional closuresSIX Trading & Currency Holiday Calendar

source https://www.six-group.com/en/market-data/news-tools/trading-currency-holiday-calendar.html · dated not found

halts_sourcesOfficial halt and suspension sources with scopeSIX Swiss Exchange Messages (regulation notices incl. trading suspensions)

source https://www.six-group.com/en/market-data/news-tools/swiss-exchange-messages.html · dated not found

identifiersSecurity and entity identifier conventions and validation sources
legal_entities
Legal Entity Identifier (LEI); where no LEI is available, the Business Identifier Code (BIC) according to ISO 9362:2014 or the Commercial Register number preceded by the country code
natural_persons
nationality (ISO 3166-1 alpha-2), date of birth (YYYYMMDD) and participant's internal identification number
transactions
unique transaction identification code (trade ID) provided by the trading venue
context
FINMA Circ. 18/2 transaction reporting

source https://www.finma.ch/~/media/finma/dokumente/dokumentencenter/myfinma/rundschreiben/finma-rs-2018-02.pdf?sc_lang=en · dated 4 November 2020

isin_prefixISIN prefix information and its limits as a jurisdiction indicatorCH - numbering agency SIX Financial Information Ltd

source https://anna-web.org/identifiers/ · dated not found

lei_requirementsLegal Entity Identifier requirements and authoritative lookup referencesLEI = unique 20-character alphanumeric code, ISO 17442 (GLEIF); GLEIF page states no general who-must-hold rule

source https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei · dated not found

settlementSettlement cycles by instrument and venue, exceptions and transition datesnot found
clearing_and_custodyClearing, depository, custody and asset-protection frameworksnot found
corporate_actionsRights, elections, notices and procedural deadlines
  • right
    add an own agenda item and request motions for the shareholders' meeting
    threshold
    0.5% or more of stated capital or voting rights of a listed company
  • right
    demand to convene a shareholders' meeting or to conduct a special investigation
    threshold
    5% or more of stated capital or voting rights of a listed company

source https://www.loyensloeff.com/legal-500---capma-comparative-guide---swiss-chapter-2025.pdf · dated 15-07-2025

retail_accessRetail distribution limits, access restrictions and safeguards
  • rule
    Client segmentation under article 4 para. 1 FinSA
    categories
    • retail clients
    • professional clients
    • institutional clients
    alternative
    financial service providers may refrain from client segmentation, provided they treat all clients with the highest level of protection of the retail client (article 4 para. 7 FinSA)

source https://www.lenzstaehelin.com/fileadmin/user_upload/CapLaw-03-2021_Position_Paper_regarding_selected_Aspects_of_the_Financial_Services_Act__FinSA__SCHAP.pdf · dated 1 January 2020

cross_border_accessForeign participation and cross-border offering or service restrictions
  • rule
    Reverse solicitation exemption under FinSA
    conditions
    • the entire client relationship or the individual/specific financial services have been requested by clients on their express initiative
    • the relevant specific financial service has not been advertised or solicited by any other means to the relevant client prior to such client's enquiry
    • the service in question does not go beyond the scope of the original request

source https://www.lenzstaehelin.com/fileadmin/user_upload/CapLaw-03-2021_Position_Paper_regarding_selected_Aspects_of_the_Financial_Services_Act__FinSA__SCHAP.pdf · dated 1 January 2020

tax_at_sourceWithholding regimes by income, instrument and recipient category; relief conditionsnot found
fees_and_leviesTransaction taxes, statutory levies and relevant charges
  • levy
    Federal stamp duties
    statement
    Towards the end of the war, in addition to the customs duties stamp duties were added at the federal level.
    levied_since
    1918
    components_listed
    • Issuance duty
    • Transfer duty
    • Duty on insurance premiums

source https://www.efd.admin.ch/dam/en/sd-web/oXZQZUMqfT7v/ch-steuersystem-en.pdf · dated 2025 edition

conduct_and_conflictsConduct, inducement and conflict-management duties relevant to distribution
  • provision
    FinSA Art. 25 Organisational precautions
    duty
    Financial service providers shall take appropriate organisational measures to prevent conflicts of interest that could arise through the provision of financial services or any disadvantages for clients as a result of conflicts of interest.
    disclosure
    If disadvantages for clients cannot be excluded, this possibility must be disclosed to them.
  • provision
    FinSA Art. 26 Compensation from third parties
    duty
    may accept compensation from third parties in association with the provision of financial services only if they have expressly informed the clients of such compensation in advance and the latter relinquish such compensation; or pass the compensation on to the clients in full
  • provision
    FinSA Art. 27 Staff transactions
    duty
    take measures to prevent staff from misusing for own-account transactions any information made available to them only by virtue of their function
  • provision
    FinSA Art. 8 para. 2 b
    duty
    provide information on the business affiliations with third parties in connection with the financial service offered

source https://ch.odat.ch/en/cc/950.1-20240301-en.html · dated Status as of 1 March 2024

recordkeepingRetention, evidence, format and reconstruction requirements
  • provision
    FinSA Art. 15 para. 1
    requirement
    document in an appropriate manner: the financial services agreed with clients and the information collected about them; the notification described in Article 13 paragraph 2 or the fact that they advised the clients in accordance with Article 14 against availing of the service; the financial services provided for clients
  • provision
    FinSA Art. 15 para. 2
    requirement
    When providing investment advice, they shall also document clients' needs and the grounds for each recommendation leading to the acquisition or disposal of a financial instrument.
  • provision
    FinSA Art. 16 para. 1
    requirement
    If so requested, financial service providers shall provide their clients with a copy of the documentation mentioned in Article 15 or shall make it accessible to them in another appropriate manner.
  • provision
    FinSA Art. 9 para. 2
    requirement
    Financial service providers shall document said consent (to delivery of the key information document after conclusion of the transaction).

source https://ch.odat.ch/en/cc/950.1-20240301-en.html · dated Status as of 1 March 2024

complaints_and_redressComplaint, escalation and redress routes
  • route
    Mediation before a recognised ombudsman (FinSA Title 5)
    statement
    Financial service providers shall inform their clients of the possibility of initiating mediation proceedings before a recognised ombudsman in accordance with Title 5
  • route
    Ombudsman affiliation as a condition of client adviser registration
    statement
    are themselves affiliated to an ombudsman (Art. 74) in their capacity as a financial service provider, or that the financial service provider for which they work is affiliated to an ombudsman, where a duty to affiliate exists (Art. 77)

source https://ch.odat.ch/en/cc/950.1-20240301-en.html · dated Status as of 1 March 2024

effective_changesEnacted, proposed and transitional changes, kept distinguishablenot found
additional_duty_fieldsFurther sourceable duty-relevant fields, introduced through a versioned catalogue extension
  • not found

source https://ch.odat.ch/en/cc/950.1-20240301-en.html · dated Status as of 1 March 2024

Appendix B · ACM register section

ACM · ch.acm.v3 · supersedes ch.acm.v2 · produced 2026-10-31T01:47:13Z · signed on the node door

The register revision is incorporated by reference to ACM-68000 (Agent Clearance Manifest) canonical text v1.0 §8.1 and is not redrawn here. These are chapter attachment fields connecting the chapter to that register; they never redefine rule_version, signal meanings or revision internals.

register_revision_refExact immutable revision governed by ACM-68000 §8.1
rule_version
acm-68000/ch/finsa-product-duties/r1
path
register/ch/acm-68000-ch-finsa-product-duties-r1.json
content_hash
sha256:cc5267e1946d636d9778fb2799d80272ece7a9cf9e67b155584cd38202940c4d

source https://ch.odat.ch/en/cc/950.1-20261001-en.html · dated 1 October 2026

register_schema_refAuthoritative register-revision schema and its versionACM-68000 canonical text v1.0 §8.1 — a register revision

source https://acm-68000.org/ · dated 2026-10-30

chapter_evidence_refImmutable chapter version and section from which the revision was produced
chapter
ch.chapter.v3
chapter_sha256
sha256:d4274758f6946d7c01bdbd1ad44508e992760c637915d0ee1d0ef510e459d080
sections
  • family
    ECO
    version
    ch.eco.v2
    field
    duty_map
    sha256
    sha256:5968937662a91528c393c366e00b2dfc46e9262204bf7dc2fba47406a0067ac8
  • family
    ACM
    version
    ch.acm.v2
    sha256
    sha256:6393bee38d567de938674769ffd79c6a72cf22f62f9e4b56277b043bc70b6c58

source https://mcp.getissuer.ai/mcp · dated 2026-10-31

rule_applicabilityMarket-specific applicability evidence for the referenced revision

source https://www.zkb.ch/en/legal/trading-and-investment-business/finsa.html · dated January 2022

shared_revision_refShared-family revisions produced by the apex, where applicablenot found
national_overlay_refSeparately versioned national additions or exceptionsnot found
revision_change_evidenceSources supporting selection or succession of the referenced revision

source https://ch.odat.ch/en/cc/950.1-20261001-en.html · dated 1 October 2026

Appendix C · AIO orderability section

standard AIO-10060 · AI Orderability

AIO · ch.aio.v7 · supersedes ch.aio.v6 · produced 2026-11-01T20:03:11Z · signed on the node door

The chapter describes the source-backed determination framework. A product-specific orderability result requires the product record, the client category, the relevant evidence and the applicable rule revision; this section never manufactures that result from market membership alone. It adds no field to the deployed receipt.

duty_revision_refApplicable immutable ACM rule revisionnot found
product_scopeProducts and instrument categories covered by the target-market regimenot found
client_categoriesClient classifications and source-backed qualification criteria

source https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/cc/2019/758/20261001/de/html/fedlex-data-admin-ch-eli-cc-2019-758-20261001-de-html-3.html · dated 2026-10-01

target_marketPositive target-market criteria and their applicabilitynot found
negative_target_marketExplicit exclusions or incompatible client characteristics
  • exclusion
    do not have access to collective investment schemes (funds) reserved for Qualified Investors
    applies_to
    Private Clients
    rule
    CISA
    source_url
    https://www.ubp.com/en/legal-aspects/finsa
    source_date
    1 January 2020
    read_at
    2026-10-31T18:32:44Z
  • exclusion
    cannot invest in collective investment schemes (funds) not authorised in Switzerland
    applies_to
    Private Clients
    rule
    CISA
    source_url
    https://www.ubp.com/en/legal-aspects/finsa
    source_date
    1 January 2020
    read_at
    2026-10-31T18:32:44Z

source https://www.ubp.com/en/legal-aspects/finsa · dated 1 January 2020

distribution_conditionsPermitted distribution methods and constraints

source https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=en&hash=8CE405E0B009EF8B6E5E01BB15D13B34 · dated 3 June 2026

required_assessmentsSuitability, appropriateness or other assessment requirements and triggers

source https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=en&hash=8CE405E0B009EF8B6E5E01BB15D13B34 · dated 3 June 2026

product_documentationRequired product, risk and target-market documents

source https://www.loyensloeff.com/legal-500---capma-comparative-guide---swiss-chapter-2025.pdf · dated 15-07-2025

manufacturer_distributor_rolesResponsibilities and information exchange between actors

source https://www.sec.gov/comments/s7-07-21/s70721-9131713-247288.pdf · dated 1 January 2020

review_triggersRequired review events and periodic review conditionsnot found
evidence_requirementsEvidence needed to support a scoped outcome
  • provision
    FinSA Art. 15 Documentation
    requirement
    Financial service providers shall document in an appropriate manner the financial services agreed with clients and the information collected about them; the notification described in Article 13 paragraph 2 or the fact that they advised the clients in accordance with Article 14 against availing of the service; the financial services provided for clients.
  • provision
    FinSA Art. 15 para. 2
    requirement
    When providing investment advice, they shall also document clients' needs and the grounds for each recommendation leading to the acquisition or disposal of a financial instrument.

source https://www.sec.gov/comments/s7-07-21/s70721-9131713-247288.pdf · dated Status as of 1 January 2020

manufacturer_evidence_acceptednot found
exceptionsSource-backed exceptions with conditions and boundaries

source https://www.loyensloeff.com/legal-500---capma-comparative-guide---swiss-chapter-2025.pdf · dated 15-07-2025

orderability_profile_refSchema for the product, market and client-class outcome produced under these rulesnot found
sourcesSupporting documents and provenance not attached to a specific fieldnot found

Appendix D · AMP venue section

standard AMP-10060 · Agentic Market Protocol

AMP · ch.amp.v3 · supersedes ch.amp.v2 · produced 2026-11-01T00:31:17Z · signed on the node door

Each venue record is keyed by its evidenced Market Identifier Code (MIC). Where an activity has no applicable code, the gap is preserved with a separately typed reference; no code is invented. This section supplies reference information only; it establishes no entitlement, permission to route or order placement. A later permission profile requires its own actor, instrument, action and endpoint evidence.

venue_mic · XSWX

source https://www.iso20022.org/sites/default/files/ISO10383_MIC/ISO10383_MIC.csv · dated 20150427

venue_identityVenue name, operator and authoritative identity evidencenot found
venue_scopeOperating or segment scope, products and jurisdiction bindingsnot found
rules_pageAuthoritative venue rule source
title
Trading Rules
venue
SIX Swiss Exchange
implementing_provisions
Directives
entry_into_force
Aug 1, 2023

source https://www.six-group.com/en/products-services/the-swiss-stock-exchange/trading/trading-provisions/regulation.html · dated Jul 31, 2023

market_maker_obligationsSource-backed obligations and exemptions for market makersnot found
gatesDocumented entry, membership and access prerequisitesnot found
reference_endpointsPublic reference locations with purpose and source

source https://www.six-group.com/en/products-services/the-swiss-stock-exchange/trading/trading-provisions/regulation.html · dated Aug 1, 2023

settlement_linksRelated market or venue settlement recordsnot found
sourcesAdditional source-backed venue evidence

source https://www.six-group.com/en/products-services/the-swiss-stock-exchange/trading/trading-provisions/regulation.html · dated Aug 1, 2023

venue_mic · not found

venue_identityVenue name, operator and authoritative identity evidencenot found
venue_scopeOperating or segment scope, products and jurisdiction bindingsnot found
rules_pageAuthoritative venue rule source
title
Trading Rules (15.01.2026)
page
https://www.bxswiss.com/regulatory-information
description
The Trading Rules govern the organisation of trading, the execution of trades, and their clearing and settlement.

source https://www.bxswiss.com/regulatory-information · dated 15.01.2026

haltsOfficial halt information and applicability scopenot found
clearing_houseClearing relationships by instrument and servicenot found
participant_rolesDefined participant categories and responsibilities
  • role
    Trading Participant
    responsibilities
    allowed to participate to trading as agent or principal; may limit their trading participation to single product groups or segments
  • role
    Market Maker (MM)
    responsibilities
    Trading Participants committing themselves to ensure a liquid market for certain instruments; conclude with BX a Market Maker Agreement
  • role
    Designated Market Maker (DMM)
    responsibilities
    exclusive Market Makers for certain instruments; place Tradable Quotes through a separated, dedicated interface; conclude with BX a Designated Market Maker Agreement
  • role
    Reporting Participant
    responsibilities
    not Trading Participants of BX; granted access to BX systems to fulfil reporting duties

source https://www.bxswiss.com/downloads/regulatory-information/en/BX-Participant-Rules.pdf · dated 15. Sep. 2014

market_maker_obligationsSource-backed obligations and exemptions for market makers
  • role
    Market Maker
    obligation
    ensure an orderly and liquid market for the instruments he takes care of by placing bid and ask prices with a minimum volume and a maximum spread; parameters determined by BX on an instrument basis and agreed in the Market Maker Agreement
  • role
    Designated Market Maker
    obligation
    place without interruption Tradable Quotes for the instruments he takes care of and meet the agreed maximum spreads and minimum volumes
    exemptions
    • Designated Market Maker special circumstances (technical failure, power failure etc.)
    • extraordinary market circumstances caused by extraordinary market movements in the primary market or underlying instruments
    • serious disruptions of the economic and political situation (e.g. terrorist attack, crash situations)
    • instruments suspended from trading
    • other cases determined in the Designated Market Maker Agreement
    exemption_condition
    only if displaying a Tradable Quote is unreasonable; DMM shall inform BX immediately

source https://www.bxswiss.com/downloads/regulatory-information/en/BX-Participant-Rules.pdf · dated 15. Sep. 2014

gatesDocumented entry, membership and access prerequisites
  • gate
    Trading Participant registration
    preconditions
    • FINMA authorization as securities dealer or foreign stock exchange participant
    • technical and operational capability to connect to the BX stock exchange system
    • lodgement of a security deposit determined by BX
    • if demanded by BX, participation or access through a general clearing member to a BX recognized clearing house
    • participation or access through a custodian bank to a BX recognized settlement agent
    application
    Trading Participant registration application shall be made in writing.
  • gate
    Remote Participants
    requirement
    Foreign Participants may connect to BX as Remote Participants, provided they have the relevant FINMA authorisation according to Swiss stock exchange ordinance (SESTO).
  • gate
    Market Maker / Designated Market Maker
    requirement
    conclude with BX a Market Maker Agreement / Designated Market Maker Agreement
  • gate
    Reporting Participant
    requirement
    Participants may be registered as Reporting Participants upon request.
  • gate
    Security deposit
    requirement
    deposit limits: CHF 50'000 – CHF 1'000'000

source https://www.bxswiss.com/downloads/regulatory-information/en/BX-Participant-Rules.pdf · dated 15. Sep. 2014

reference_endpointsPublic reference locations with purpose and sourcenot found
settlement_linksRelated market or venue settlement records
  • venue
    BX Swiss AG
    role
    Swiss regulated trading venue
    settlement
    Swiss central securities depository (CSD), SIX SIS
    note
    Switzerland and Liechtenstein will move to a T+1 settlement cycle on 11 October 2027

source https://www.six-group.com/dam/download/sites/swiss-sptc/t1/swiss-sptc-tf-t1-recommendations-20251114-final-report.pdf · dated 14 November 2025

change_noticesVersioned rules changes and operational notices
  • document
    Trading Rules
    date
    15.01.2026
  • document
    Trading Directive
    date
    30.04.2025
  • document
    Clearing & Settlement Directive
    date
    15.01.2026
  • document
    Rules of the Reporting Office
    date
    01.07.2026
  • document
    List of Fees
    date
    15.01.2026
  • document
    Directive on the Distribution of Equity Security (Free Float)
    date
    01.01.2026
  • document
    Listing Rules
    date
    01.06.2025
  • document
    Participant Rules
    date
    25.11.2021

source https://www.bxswiss.com/regulatory-information · dated 15.01.2026

sourcesAdditional source-backed venue evidence
  • date
    17.04.2018
    notice
    BX Swiss gets new market maker and new trading system
    detail
    new trading system Elasticia; investors can now trade for 30 minutes longer in the afternoon, until 17.30 hours CET

source https://www.bxswiss.com/news/180417Pressemitteilung · dated 17.04.2018

Appendix E · ESG disclosure section

standard ESG-10060 · Sustainability Disclosure

ESG · ch.esg.v4 · supersedes ch.esg.v3 · produced 2026-11-01T00:42:07Z · signed on the node door

Sustainability disclosure remains a specialised ECO record with its rules in ACM. A jurisdiction's adoption of a framework is distinct from the framework's application to a particular issuer or period; the schema preserves that distinction and never turns disclosure availability into a sustainability rating.

regimeNamed sustainability-disclosure regime and its scope

source https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/cc/2022/747/20240101/de/html/fedlex-data-admin-ch-eli-cc-2022-747-20240101-de-html-2.html · dated Stand am 1. Januar 2024

authorityResponsible issuing or supervisory authorities

source https://www.sif.admin.ch/en/sustainable-finance · dated 27 March 2026

adoption_stageProposal, adoption, commencement and transitional operation, distinguishednot found
effective_datesEffective intervals and staged commencement conditionsnot found
disclosure_dutiesRequired disclosures, reporting periods and filing obligations

source https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/cc/2022/747/20240101/de/html/fedlex-data-admin-ch-eli-cc-2022-747-20240101-de-html-2.html · dated Stand am 1. Januar 2024

reporting_standardsReferenced disclosure standards and applicable editionsnot found
taxonomyClassification frameworks, criteria and binding statusnot found
climate_requirementsSource-backed climate disclosure requirements and scope
  • instrument
    ordinance on mandatory climate reporting by large Swiss companies
    effective
    as of 1 January 2024
    scope
    Public companies, banks and insurance companies with 500 or more employees and at least CHF 20 million in total assets or more than CHF 40 million in turnover
    requirement
    obliged to report publicly on climate issues
    first_report
    The first report was published for the 2024 financial year.

source https://www.sif.admin.ch/en/sustainable-finance · dated 27 March 2026

assuranceRequired assurance, qualifications and transition conditionsnot found
filing_store_and_formatAuthoritative destination and required filing format
  • format
    published electronically
    timing
    immediately after their approval
    retention
    remain accessible to the public for 10 years
    responsible
    board of directors

source https://www.swlegal.com/media/filer_public/a8/fe/a8fea951-de87-471d-a33e-b030f24ad861/esg22_switzerland.pdf · dated December 23, 2011

interoperabilityRecognised equivalence, mapping or substituted-compliance provisions
  • provision
    Companies already may issue a report pursuant to international standards if they ensure that it complies with the Swiss statutory information requirements.

source https://cms.law/en/media/local/cms-vep/files/publications/publications/lexology-in-depth-international-capital-markets-international-capital-markets_-switzerland.pdf · dated December 13, 2023

rule_revision_refApplicable immutable ACM disclosure-rule revisionsnot found
sourcesSupporting regime and disclosure evidence

source https://www.sif.admin.ch/en/sustainable-finance · dated 27 March 2026