Disclosure of Management Transactions

The disclosure of management transactions promotes the provision of information to investors, and contributes to the prevention and prosecution of market abuse.

The provisions regarding the disclosure of management transactions require members of management committees and boards of directors ("persons subject to the disclosure obligation") to report transactions in the company's equity securities, convertible and purchase rights on the company's shares, and financial instruments to the issuer.

The issuer must publish notifications by persons subject to the disclosure obligation on the SIX Exchange Regulation website. You can access published transactions here.

Reporting form for members of management committees and boards of directors

The following reporting form can be used by a person who is subject to the disclosure obligation to report management transactions to the issuer. Notifications to issuers must take place within 2 trading days after the reportable transaction has been concluded or, for stock exchange trades, after the date of execution.

Issuer publications

Legal basis

  • Art. 56 Listing Rules
  • Directive on Disclosure of Management Transactions (DMT)
  • Directive on Electronic Reporting and Publication Platforms
  • Commentary re Art. 56 Listing Rules and the Directive on the Disclosure of Management Transactions (Commentary MT)

Publications

Form / Template

Disclosure of management transactions - Form for the person subject to reporting obligation

This form can be used by a person who is subject to reporting obligation to report transactions to the issuer.

Commentary / Guideline

Commentary re Art. 56 of the Listing Rules and the Directive on the Disclosure of Management Transactions (Commentary MT)

This commentary serves to describe the provisions of Art. 56 of the Listing Rules (LR) and the Directive on the Disclosure of Management Transactions (DMT and is intended to offer a guide to interpretation. The Listing Rules should be interpreted in accordance with the Federal Act on Stock Exchanges and Securities Trading (SESTA). The DMT should be interpreted in accordance with the SESTA and the LR.