Management Transactions And Ad Hoc Publicity: SIX Swiss Exchange Publishes Amended Rules

On November 1, 2023, the SIX Swiss Exchange published amendments to its rules on disclosure of management transactions and ad hoc publicity. While the principal amendments focus on the scope and modalities for management transactions, the amended ad hoc publicity rules are also relevant for companies that have only debt securities listed on SIX. The new rules will come into effect on February 1, 2024, leaving issuers with a short period of time to update their internal regulations and to provide a refresher training to their board members and senior management.

Key changes to the rules on disclosure of management transactions

Key changes to the rules governing the disclosure of management transactions include: