The Swiss Federal Government proposes to implement a new documentation concept for public offerings of securities. Modelled after the EU Prospectus Directive, in the near future prospectuses for Swiss public offerings shall be set up to meet information requirements comparative with international standards and shall be approved ex ante. An important exemption from the ex ante approval requirement is foreseen for issuances of fixed income products.

By René Bösch (Reference: CapLaw-2015-3)