Access to the Swiss stock exchange is obtained either through listing or admission to trading. Following listing, the issuer – the company issuing securities – is subject to ongoing periodic and ad hoc disclosure obligations vis-à-vis market participants and the public.
In the case of admission to trading, securities are admitted under a simplified procedure. In contrast to a listing, no comprehensive ongoing disclosure obligations apply.
Listing is effected upon application by the issuer. The procedure depends on:
The listing application must be submitted by a recognised representation.
Bonds and derivatives may be registered via Internet Based Terms and provisionally admitted to trading pending definitive listing.
International stocks and bonds that are already listed on a recognised foreign exchange may be admitted to trading under a simplified admission procedure.
A simplified admission procedure is also available for domestic and foreign shares and investment funds in the “SIX sponsored” trading segments.