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Read more: Current market practice of subsequent prospectus review for bonds and derivatives can be maintained under article 53 FinSA
Current market practice of subsequent prospectus review for bonds and derivatives can be maintained under article 53 FinSA
Article 53(1) FinSA introduces a pre-review of prospectuses by a reviewing body, while article 53(2) FinSA allows the Federal Council to provide for exemptions. The Federal Council should continue to allow subsequent reviews substantially in the same way as the regulatory board allows provisional trading. The confirmation pursuant to article 53(2) FinSA is addressed to…
Reference: CapLaw-2017-16
