FSA Sets out New rules for Issuance and Listing Prospectuses
With the Federal Financial Services Act (FSA), the Federal council intends to introduce a regime for issuance and listing prospectuses in Switzerland which is comparable to the regime pursuant to the EU prospectus directive. Before publishing, prospectuses will have to be approved by a review body admitted by FINMA. Furthermore, a key information document will have to be compiled. This newsletter ties in with the newsletters published in August (FSA and FIA overview) and September 2014 (regulation of Swiss asset managers and investment advisors).
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