Means of Legal Redress in connection with Enforcement
Sanction notices of
SIX Exchange Regulation
may be appealed to the
Sanction Commission within 10 exchange days of
the notification of the decision. Decisions of the Sanction Commission may in turn, within 20 exchange
days, be appealed by complaint to the
Board of Arbitration of the SIX Swiss Exchange.
However, if the Sanction Commission decides upon sanctions within the context of
Art. 61 Points 3 and 4
(suspension of trading and delisting) or the exclusion of participants or revocation of a traders
registration, the decision may be brought to the Appeals Board of the SIX Swiss Exchange by appeal. Such appeal must be lodged within 20 exchange days
after notification of the descision.
Means of legal redress may be sought only in the case of final decisions. Fundamentally, means of legal
redress are accorded suspensive effect. In order to safeguard the securities markets' ability to
function properly, as well as to ensure transparency and the equal treatment of all market participants,
the Sanction Commission may revoke the suspensive effect of a legal remedy.
Other Means of Legal Redress
Parties wishing to appeal decisions regarding:
may lodge an appeal with the Appeals Board within 20 exchange days after notification of the decision.
If the decision is published, the period for appeal begins at the time of publication. The Appeals
Board may grant suspensive effect to the appeal; however, this does not apply to decisions pursuant to
Art. 57 LR. The decisions of the Appeals Board
may, within 20 exchange days, be presented by complaint to the Board of Arbitration of the SIX Swiss Exchange.
The SIX Swiss Exchange regulates the composition and the procedure of this Appeals Board in separate rules.
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Description
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Rules of Procedure
|  | SIX Swiss Exchange Rules for the Appeals Board
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Members of the Sanction Commission
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Members of the Appeals Board
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Legal notice:
Any and all references and electronic links (hereinafter collectively referred to as "references")
contained in the legal documents and referring to various other legal documents and information,
including those references marked "See also:", do not form part of the respective legal documents.
They are merely references intended to facilitate the application of the legal documents.
These references are not exhaustive.
The German version of the legal documents takes precedence over the French and English versions
in the event of any incongruence between the various versions.
The current version of the legal documents is available on the SIX Exchange Regulation website.
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