Recent developments in Swiss Takeover Regulation

Notification duty under art. 134 FMIA

In the Commission meeting of 23 March 2018, the Swiss Takeover Board decided that whoever holds three per cent or more of the voting rights or of the participation derivatives is obliged to make notifications pursuant to art. 134 FMIA in relation with art. 2 lit. b TOO and art. 15 FMIO-FINMA.