Switzerland (SIX Swiss Exchange)i
Disclosure rulesInsider tradingSwitzerland is outside the EU, so it runs a bespoke regime, not MAR. SIX management transactions (Art. 56 SIX Listing Rules): board members, senior management, and persons closely associated must report dealings in the issuer's securities to SIX, which publishes them (anonymised — the role, not the individual). Significant shareholdings crossing 3 / 5 / 10 / … % must be disclosed under Art. 120 FinfraG (the Swiss 5%-rule equivalent). Both sourced from the SIX Exchange Regulation public registers (ser-ag.com).
BuybacksSwiss share buybacks are executed via a SECOND TRADING LINE on SIX and announced as SIX official notices (programme launch, volume milestones, early termination). There is no central daily-VWAP register — issuers publish execution detail on their own IR sites — so coverage is programme-level: the maximum repurchase value (CHF) and % of share capital where the notice states them. Sparse but authoritative.
Verified 2026-06-04
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Switzerland is outside the EU, so it runs a bespoke regime, not MAR. SIX management transactions (Art. 56 SIX Listing Rules): board members, senior management, and persons closely associated must report dealings in the issuer's securities to SIX, which publishes them (anonymised — the role, not the individual). Significant shareholdings crossing 3 / 5 / 10 / … % must be disclosed under Art. 120 FinfraG (the Swiss 5%-rule equivalent). Both sourced from the SIX Exchange Regulation public registers (ser-ag.com).
Swiss share buybacks are executed via a SECOND TRADING LINE on SIX and announced as SIX official notices (programme launch, volume milestones, early termination). There is no central daily-VWAP register — issuers publish execution detail on their own IR sites — so coverage is programme-level: the maximum repurchase value (CHF) and % of share capital where the notice states them. Sparse but authoritative.