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In principle, the listing procedure for debt securities (bonds and derivatives) is based on the
Directive Procedures Equity 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.
The Regulatory Board 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 Derivatives have been fulfilled. In particular,
the listing procedure requires the publication of a listing prospectus.
The issuer has the option to make use of the procedure for
provisional admission. If it
does so, 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 on the next exchange day.
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.
If a security to be admitted involves a product structure that has never been listed on the SIX Swiss Exchange
in this form before, provisional admission is not an option. In this case, it is necessary to have
the suitability of the security examined in the context of a preliminary decision. Similarly,
provisional admission is not an option for the listing of securities of new issuers.
Procedure
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