Media Release


Sanctions Proposal against Youngtimers AG

On 15 February 2024, SIX Exchange Regulation AG (SER) has submitted a sanctions proposal to the Sanctions Commission against Youngtimers AG concerning potential violations of the regulations on financial reporting.

After completion of its investigation, SER has concluded that the 2022 Swiss GAAP FER annual financial statements contain misstatements. For this reason SER has submitted a request for a sanction to the Sanctions Commission of SIX Group against Youngtimers AG on 15 February 2024.

The potential errors relate to the failure to prepare consolidated financial statements, the subsequent incorrect restatement of the comparative period 2021 and other consequential errors.

No information will be provided while the sanction proceedings are ongoing. SER will inform the public about the outcome of the sanction proceedings.