Switzerland: Finance and Banking

Advestra's legal team, including Prof. Dr. Rashid Bahar, Dr. Sandro Fehlmann, and Dr. Fabian Loretan, provides insights on critical regulatory developments affecting Swiss financial markets. Recent publications examine FINMA's consultation on revised direct transmission rules and the implications of disclosing internal investigation reports under the Federal Act on Data Protection.

The disclosure of significant shareholdings in listed companies forms a cornerstone of a transparent Swiss capital market, with participation derivatives also subject to reporting obligations alongside shares. When rolling participation derivatives—replacing expiring options with new ones without crossing a threshold under Art. 120 Para. 1 FinfraG—a critical question arises: does such a transaction trigger a reporting obligation, either due to a "hypothetical" threshold crossing or due to change

Advestra's legal team, including Prof. Dr. Rashid Bahar, Dr. Sandro Fehlmann, Angelika Kremer, and Dr. Fabian Loretan, provides insights on critical regulatory developments affecting Swiss financial institutions. The firm examines disclosure requirements under the Federal Act on Data Protection (FADP) for internal investigation reports and analyzes proposed amendments to Banking Act regulations concerning systemically important banks.