The Issuers Committee of SIX Swiss Exchange has decided to implement primarily the following modifications to the Directive on Financial Reporting (DFR) with effect from 1 July 2011:
Issuers of debt securities only must publish their annual report and any supplements on a website and provide SIX Exchange Regulation with the relevant weblink. The annual report does not have to be submitted to SIX Exchange Regulation. SIX Exchange Regulation may publish the path on its website.
Issuers of debt securities only that are subject to special legal regulations are granted an extended deadline for publishing their annual report, as stipulated by special legislation.
Issuers of debt securities only that are required to change over to IFRS by 31 December 2016 in compliance with regulatory provisions in their home country may continue to apply their current accounting standard up to this point. In this case, the deadline for publication of the annual report is six months after the balance sheet date.
Issuers of debt securities only that are not incorporated in Switzerland may also apply a different accounting standard from IFRS, EU-IFRS, US GAAP or Japanese GAAP if, on application of this standard, their debt securities may be admitted to trading on a regulated market in the European Union irrespective of the denomination of the issue.
Issuers of debt securities only that are not incorporated in Switzerland may apply a different accounting standard from IFRS, EU-IFRS, US GAAP or Japanese GAAP if the accounting standard applied is admitted on an exchange in the issuer's home country which is recognized by the Regulatory Board and the differences versus IFRS or US GAAP are explained in the listing prospectus and in the annual reports or a supplementary document.