CapLaw-2026-06

On 25 September 2025, the review bodies of SIX Exchange Regulation AG and BX Swiss AG published a uniform practice notice, which clarifies the current supervisory practice for prospectus reviews under the Swiss Financial Services Act and the Swiss Financial Services Ordinance. The practice notice outlines key procedural aspects, including the commencement of review deadlines, the scope of the formal review, and the handling of missing or non-applicable prospectus content. It aims to provide the market with a comprehensive guide for future prospectus applications. This article further examines important guidance on prospectus approval practices, rule checks, and the treatment of…