Stock Exchange Act Revised: Abolition of the Control Premium and Other Changes to Public Takeover and Disclosure Laws
In June 2012, the Swiss Parliament adopted a revision of the Stock Exchange Act likely to enter into force on 1 January 2013. Through new criminal and regulatory provisions, market-abusive practices shall be efficiently sanctioned and the respective rules aligned with international standards. The bill also entails changes to the provisions governing public takeovers as well as the disclosure of shareholdings.
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