ETFs

To list an ETF on the Swiss Stock Exchange, a recognized representative of the issuer (see Directive Recognized Representatives) pursuant to Art. 43 Listing Rules ) must submit a written application.

The application may be written in either German, French, Italian or English and must be submitted to SIX Exchange Regulation at least 20 trading days prior to the intended listing date.

Applications must include a brief description of the security and a request regarding the scheduled first trading day (listing procedure).

Further to the annexes that are required under Directive Procedures Equity Securities (e.g. market making agreement art. 6 DPES, Official Notice art. 5a DPES) and the Listing Rules (art. 105 et seq.), the issuer must submit a legally enforceable authorization from the Swiss Financial Market supervisory Authority (FINMA) or, in the case of foreign investment funds, a legally enforceable authorization for the sale in or from Switzerland.

The prospectus approved by the FINMA in its most current version serves as the listing prospect in the sense of the Listing rules.

To ensure efficient processing, the listing application must be submitted pursuant to Art. 43 Listing Rules by a recognized representative. The Directive Recognised Representatives (DRR) regulates both the various types of recognition and the recognition procedure.

ETPs are collateralized, non-interest-paying bearer debt securities (debentures) which are issued as securities, sold and redeemed in the same structure and denominations on a continuous basis and replicate the price trend of an underlying instrument, either unchanged or leveraged (tracker certificate).

Unlike ETFs, ETPs are not collective investment schemes, as defined by the Federal Act on Collective Investment Schemes Act (CISA). As such, ETPs are not subject to the approval of the Federal Financial Market Supervisory Authority (FINMA).

To maintain a listing on the Swiss Stock Exchange, issuers must comply with the regular reporting obligations set out in articles 49-56 of the Listing Rules and the Directive on Regular Reporting Obligations for issuers of Derivatives and Collective Investment Schemes (DORRO).