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In principle, the listing procedure for debt securities (bonds and derivatives) is based on the
Directive Procedures Debt Securities (DPDS).
The listing application must be:
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submitted by a recognised representative
pursuant to Art. 43 Listing Rules or by the
issuer itself;
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in writing;
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in German, French, Italian or English:
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submitted at the latest 20 exchange days prior to the scheduled listing date
with the required annexes.
SIX Exchange Regulation examines the application on the basis of the documents submitted and approves it if
the prerequisites set forth in the
Listing Rules or in the
Additional Rules Bonds have been fulfilled.
In particular, the listing procedure requires the publication of a listing prospectus.
If new structures are involved that have never been listed on the SIX Swiss Exchange in this form before, it may be
useful to have the suitability of the particular structure examined in the context of a preliminary
decision by the
Regulatory Board (Art. 48 Listing Rules).
This gives the issuer the knowledge that the security is suitable for listing and allows it to choose
the best time to launch the product.
The issuer has the option to make use of the procedure for
provisional admission.
New issuers are subject to a preverification procedure according to
Art. 25 para. 4 Additional Rules Bonds. In connection
with a provisional admission, the following procedure applies:
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The applicant must submit an application to the SIX Swiss Exchange using Internet Based Listing ("IBL"), which spells out the terms and conditions of the
respective security. If the fully and correctly completed
IBL form is submitted in
due time, admission to provisional trading can occur at the earliest three exchange days after
submission of the application. It is the discretion of the SIX Swiss Exchange to determine the precise time;
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The issuer is then required to submit a listing application within a maximum of two months in
order to ensure that the security can be listed on the SIX Swiss Exchange.
Procedure
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