II. Recognised accounting standards

Art. 6
Principle

¹ Where no alternative accounting standard is permitted below, issuers must apply IFRS¹.

² US GAAP² may be applied additionally in the following regulatory standards:

• Main Standard;
• Domestic Standard;
• Standard for Investment Companies.

³ Swiss GAAP FER may be applied additionally in the following regulatory standards:

• Domestic Standard;
• Standard for Real Estate Companies.

⁴ Banks and securities dealers that are incorporated in Switzerland and listed in the Domestic Standard may apply the accounting standard stipulated in the Swiss Banking Act.

⁵ Collective investment schemes are subject to the rules laid down in the applicable special law provisions.

Art. 7
Issuers of debt securities

¹ Issuers that have listed only debt securities in accordance with the Additional Rules for the Listing of Bonds, the Additional Rules for the Listing of Derivatives or the Additional Rules for the Listing of Exchange Traded Products may also use Swiss GAAP FER and the accounting standards stipulated in the Swiss Banking Act in the Main Standard.

² Mortgage credit institutes are subject to the rules laid down in the applicable special legal provisions.

Art. 8
Issuers not incorporated in Switzerland

¹ Issuers that are not incorporated in Switzerland may also apply the accounting standards of their home country (Home Country Standard), provided that these standards are recognized by the Regulatory Board.

² An overview of the accepted accounting standards under the Home-Country Standard can be found in Annex 1.