9.7 Disclosure of Management Transactions
Issuers have to disclose transactions in relevant financial instruments (equities; conversion, purchase or sale rights; etc.) by the members of the board of directors and of the management in accordance with the following process:
- The issuer is obliged to instruct and train the persons subject to the reporting obligation appropriately and effectively and to regularly remind them about the obligation to disclose management transactions.
- Members of the board of directors and of the management must report to the issuer all reportable transactions within two trading days from the creation of the reporting obligation (conclusion of the binding transaction or, in stock exchange trades, the execution of the transaction).
- The issuer has to submit the transaction within three trading days on the electronic reporting and publication platform of SIX Exchange Regulation AG.
- The report is published without the name and date of birth, but with the specification of the relevant function, on the website of SIX Exchange Regulation AG.
Further Information
For regulations, directives and guidelines concerning the disclosure of management transactions, see ➔ ser-ag.com/en/topics/management-transactions.html
For entering management transactions via the electronic reporting and publication platform, see ➔ disclosure.six-exchange-regulation.com/obligations/management_transaction/ddeal/login_en.html
For published management transactions, see➔ ser-ag.com/en/resources/notifications-market-participants/man- agement-transactions.html#/