I. General provisions
Under the Federal Act on Stock Exchanges and Securities Trading (SESTA), the Regulatory Board determines what information needs to be published so that investors can evaluate the characteristics of securities and the quality of issuers. Internationally recognised standards are taken into account (Art. 8 SESTA). The information to be published includes details on the management and control mechanisms at the highest corporate level of the issuer (corporate governance).
This Directive is intended to encourage issuers to make certain key information relating to corporate governance available to investors in an appropriate form.
Scope of applicability
1 This Directive applies to all issuers whose equity securities are listed on the SIX Swiss Exchange Ltd ("SIX Swiss Exchange") and whose registered offices are in Switzerland.
2 It also applies to issuers whose registered offices are not in Switzerland but whose equity securities are listed on the SIX Swiss Exchange and not in their home country.