III. Derivatives and Exchange Traded Products
1 The delisting of derivatives and Exchange Traded Products is permissible only upon request.
2 The issuer itself decides whether a derivative or an Exchange Traded Product can be delisted under the applicable conditions.
1 If the issuer or recognised representative applies for the delisting of derivatives or Exchange Traded Products, it must provide written justification for the application.
2 The application must be submitted by the issuer, or by a recognised representative as defined in Art. 43 LR, no later than three exchange days prior to the announcement of the delisting, indicating the preferred date of delisting.
3 The following documentation must accompany the application:
confirmation that the issuer maintains all affected derivatives or Exchange Traded Products on its own books and the delisting therefore does not violate any investor-protection rights; or
if there is "open interest":
- all investors who hold the derivatives or Exchange Traded Products in their safekeeping accounts have been notified by the issuer of the pending delisting and are in agreement with it;
- the issuer will place no more derivatives or Exchange Traded Products with investors; and
a declaration of indemnity vis-à-vis SIX Swiss Exchange or the appropriate trading platform; and
a copy of the "Official Notice" to be published.
The Regulatory Board will forward a decision to the issuer within two days of submission of the application.
Fees for the delisting of derivatives or Exchange Traded Products are assessed in accordance with the List of Charges.