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ARTICLE · 02 JUNE 1995

Federal Law - Stock Exchanges/Trading In Securities - 10. Final Provisions

KPMG Fides
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SwitzerlandCorporate/Commercial Law
10: Final Provisions

Art. 45 Implementing provisions

The Federal Council shall issue the implementing provisions.

Art. 46 Modification of Penal Code

The Swiss Penal Code will be modified as follows:

Art. 161 bis

Price rigging Whoever, with the intention of influencing in a material manner the price of securities traded in Switzerland on stock exchanges in order to gain therefrom unlawful economic advantage for himself or third parties,

disseminates, against one's better knowledge, misleading information or effects purchases and sales of such securities which are undertaken on both sides directly or indirectly for the account of the same person or persons who are related for this purpose,

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