V. Provisional admission to trading

Art. 21
Scope

All debt securities for which listing is planned may be provisionally admitted to trading provided the corresponding requirements (Art. 25 para. 1 Additional Rules Bonds and Art. 31 para. 1 Additional Rules Derivatives) are fulfilled.

Art. 22
Approval of a new issuer of derivatives

¹ The application for the approval of a new issuer of derivatives must be submitted to the Regulatory Board by a recognised representative, as described in Art. 43 LR, no later than 20 exchange days prior to the desired approval date.

² The application must state the extent to which the issuer and/or the guarantor satisfies the requirements for issuers as set out in Arts. 11 and 15 LR and Arts. 5 to 9 Additional Rules Derivatives.

³ The following annexes must be submitted to the Regulatory Board with the application:

1. annexes to the application as set out in Arts. 4 and 5;
2. annual financial statements for the last two financial years;
3. a declaration duly signed by the issuer or the guarantor stating that:
   1. the issuer or the guarantor will fulfil all of the disclosure obligations associated with listing and maintaining listing;
   2. the issuer will not apply for any exemptions under Art. 7 LR.

Art. 23
Preverification of new issuers of bonds

¹ The recognised representative of the issuer must submit a written application for provisional admission of the bond to trading confirming that the issuer will fulfil all requirements relating to listing and maintaining listing as set out in the Listing Rules and the Additional Rules for the Listing of Bonds. The application must be accompanied by a brief description of the issuer containing the following information about the issuer:

• duration of existence;
• capital resources;
• financial reporting (accounting standard and information regarding independent auditors; date of the annual financial statements and planned publishing date of same).

² If a guarantee commitment has been made, the corresponding information with regard to both, the issuer and the guarantor must be provided. Furthermore, the type of guarantee commitment must be described briefly.

³ If securities issued by the issuer were listed on the SIX Swiss Exchange more than three years earlier, mention of this fact must be made.

⁴ The decision regarding the admission of the new issuer to provisional trading will be rendered within three exchange days after receipt of the complete documentation as set out in Art. 23 para. 1. Final approval of the new issuer in the framework of the assessment of the listing application remains reserved.

Art. 24
Application

The application for provisional admission to trading must be submitted electronically using Internet-based listing or any successor system.

See also:

• Website containing information on Internet Based Listing (IBL)

Art. 25
Deadlines for bonds

Bonds will be provisionally admitted to trading on the SIX Swiss Exchange at the earliest three exchange days after the date on which the application was submitted to SIX Exchange Regulation (⁠T⁠+⁠3⁠). This provisional admission date is possible only if the correct, complete application for provisional admission to trading is received by SIX Exchange Regulation before 5.30 p.m.

Art. 26
Deadlines for derivatives

¹ As a general rule, derivatives will be provisionally admitted to trading three exchange days (T+3) after the date on which the application for provisional admission to trading on the SIX Swiss Exchange or Scoach Switzerland Ltd ("Scoach") is submitted. This provisional admission date is possible only if the correct, complete application for provisional admission to trading is received by SIX Exchange Regulation before 5.30 p.m.

² Derivatives may be provisionally admitted to trading at the earliest on the trading day directly after the date the application is submitted (T+1). This provisional admission date is possible only if the correct, complete application for provisional admission to trading is received by SIX Exchange Regulation before 2.00 p.m. and is approved on the same day.

³ On a triple witching day (i.e. on the third Friday in March, June, September and December), (T+1) applications for provisional admission to trading must be submitted by 12.00 p.m. via Internet-based listing. If the application is received after 12.00 p.m., the derivative cannot be provisionally admitted to trading on the following day, but rather, at the earliest, one exchange day later.

⁴ If the triple witching day falls on an public holiday, the provision in Art. 26 para. 3 shall apply to the previous trading day.