FinSA Art. 37 - Exemptions by type of securities

Einleitung zur Rechtsnorm FinSA:



Art. 37 FinSA from 2024

Art. 37 Financial Services Act (FinSA) drucken

Art. 37 Exemptions by type of securities

1 A prospectus need not be published if the following types of securities are offered publicly:

  • a.equity securities issued outside the scope of a capital increase in exchange for previously issued equity securities of the same class;
  • b. equity securities issued or delivered on the conversion or exchange of financial instruments of the same issuer or corporate group;
  • c. equity securities issued or delivered following the exercise of a right linked to financial instruments of the same issuer or corporate group;
  • d. securities offered for exchange in connection with a takeover, provided that information exists that is equivalent in terms of content to a prospectus;
  • e. securities offered or allocated in connection with a merger, division, conversion or transfer of assets, provided that information that is equivalent in terms of content to a prospectus exists;
  • f. equity securities that are distributed as dividends to holders of equity securities of the same class, provided that information exists on the number and type of equity securities and on the reasons for and details of the offer;
  • g. securities that employers or affiliated companies offer or allocate to current or former members of the board of directors or management board or their employees;
  • h. securities issued by or with an unlimited and irrevocable guarantee from the Confederation or cantons, from an international or supranational public entity, from the Swiss National Bank or from foreign central banks;
  • i. securities issued by non-profit institutions for raising funds for non-commercial purposes;
  • j. medium-term notes;
  • k. securities with a term of less than one year (money market instruments);
  • l. derivatives that are not offered in the form of an issue.

    • 2 Taking account of recognised international standards and legal developments abroad, the Federal Council may provide for exemptions from the duty to publish a prospectus for further types of publicly issued securities.

    Es besteht kein Anspruch auf Aktualität und Vollständigkeit/Richtigkeit.

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    Anwendung im Bundesstrafgericht

    BSGLeitsatzSchlagwörter
    CA.2019.27Unbefugte Entgegennahme von Publikumseinlagen (Art. 46 Abs. 1 lit. a BankG)

    Berufung (vollumfänglich) vom 29. Oktober 2019 gegen das Urteil der Strafkammer des Bundesstrafgerichts SK.2019.8 vom 9. Oktober 2019
    		Berufung; Berufungsführer; Bundes; FINMA; Recht; Urteil; Verfahren; Berufungsführers; Bundesgericht; Verfahren; Sachverhalt; Publikums; Kammer; Vorinstanz; Verteidigung; BankV; Publikumseinlage; Gericht; Bundesstrafgericht; Publikumseinlagen; Verfahrens; Bundesgerichts; Finanzmarkt; Zwang; BankG; Bundesstrafgerichts; Verwaltung; Bewilligung