There are two stock exchanges in Switzerland, one in Zurich and one in Berne. However, the SIX Swiss Exchange in Zurich is the main stock exchange and it also trades Swiss government bonds. The principal stock market index of the SIX Swiss Exchange is the Swiss Market Index, also known as the blue-chip index.
The Swiss Stock Exchange in Zurich was the first stock exchange in the world that incorporated an automated trading system. An association of 55 banks is in control of the SIX Swiss Exchange, which offers the following services through other Swiss subsidiaries:
For complete details about the SIX Stock Exchange you can contact our Swiss law firm.
The legislation regulating the Swiss Stock Exchange is made up of the Federal Act on Stock Exchanges and Securities Trading (SESTA) and its self-regulated ordinances, the Stock Exchange Ordinance (SESTO) and the FINMA (Financial Market Supervisory Authority) Ordinance on Stock Exchange and Securities Trading (SESTO-FINMA). The SIX Swiss Exchange AG is the main regulatory body for the admission of securities and trading. The Financial Market Supervisory Authority supervises all stock exchanges and securities dealers in Switzerland.
A Swiss stock exchange requires obtaining a license from FINMA before starting operating.
In order to list a company on the Stock Market, the Articles of Association or Deed of Partnership must comply with the requirements of the Swiss Commercial Code. In order to qualify for being listed on the Swiss stock exchange a company must also fulfill the following conditions:
Foreign companies are also allowed to be listed on the Swiss Stock Exchange provided that the Articles of Association are drawn according to the national law they are subject to and the company is audited by an auditing company recognized by a foreign audit authority.
In order to list a Swiss company on the Stock Exchange the following documents must be submitted:
Our lawyers in Switzerland will guide you through the licensing and listing procedure with the SIX Stock Exchange.
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