Financial Services Act (FinSA)

Art. 54FinSA from 2020

Art. 54 Foreign prospectuses

¹ The reviewing body may approve a prospectus produced under foreign legislation if:

a.

it was produced in accordance with international standards established by international organisations of securities regulators; and

b.

the duty to inform, including with regard to providing financial information, is equivalent to the requirements set out in this Act; audited individual financial statements are not required.

² It may provide that prospectuses approved in certain jurisdictions are considered approved in Switzerland too.

³ It shall publish a list of countries whose prospectus approval is recognised in Switzerland.