1. Listing requirements
Art. 11 is not applicable to collective investment schemes.
Minimum capitalisation/free float of units
1 In addition to the requirement laid down in Art. 19, collective investment schemes must have assets of at least CHF 100 million at the time of listing.
2 These requirements are waived if a SIX Swiss Exchange participant undertakes to SIX Swiss Exchange to act as a market maker for the securities in question.
3 SIX Swiss Exchange may include implementing provisions regarding market making in its Rule Book or in the applicable SIX Swiss Exchange directive, if any.
The listing of units of collective investment schemes is conditional upon:
- Swiss collective investment schemes:
legally enforceable authorisation from FINMA, in accordance with CISA, and fulfilment of the special listing requirements set out below;
- foreign collective investment schemes:
legally enforceable authorisation for the sale in or from Switzerland and fulfilment of the special listing requirements set out below.