1. Requirements for the issuer
Foundations in company law
The establishment, the articles of association or the deed of partnership of the issuer must comply with the national law to which the issuer is subject.
1 The issuer must have existed as a company for at least three years.
2 Exemptions, for young companies specifically, are laid down in a Directive.
Annual financial statements
The issuer must have produced annual financial statements that comply with the financial reporting standards applicable to the issuer for the three full financial years preceding the listing application.
1 By appointing auditors, the issuer fulfils the requirements set out in Arts. 7 and 8 of the Federal Act on the Admission and Oversight of Auditors (AOA).
2 The issuer must report any and all changes concerning its auditors immediately to SIX Exchange Regulation.
The auditors appointed in accordance with Art. 13 must state in their report whether or not the issuer's accounts have been drawn up in compliance with the applied financial reporting standard.
1 On the first day of trading, the issuer's reported equity capital must be at least CHF 25 million, in accordance with the financial reporting standard used in the listing prospectus.
2 If the issuer is the parent company of a group, the above requirement refers to consolidated reported equity capital.
The Regulatory Board may determine further requirements for issuers where justified by the nature of the business or by the securities that are to be listed.