9.3 Recurring and Event-related Obligations
The information requirements of a company with a primary listing on the Swiss Stock Exchange are, in comparison with other stock exchanges, fairly straightforward. Quarterly reporting is optional, for example.
Recurring and Event-related Obligations
Recurring Obligations
Corporate Reporting
- Financial reporting: annual & semi-annual report, alternative performance measures
- Corporate governance: information on the governance and management of the company (e.g. composition and compensation of the board of directors and of the management); "comply or explain" rule
- Sustainability reporting: listed companies that opt in to sustainability reporting commit to preparing their reports in accordance with an internationally recognized standard.
Regular Reporting
Technical and administrative information on the issuer and on the securities (e.g. information on dividends)
Event-related Obligations
Ad hoc Publicity
Disclosure of price-sensitive facts. Annual and interim reports must always be published with an ad hoc announcement. Other examples that, on an individual basis, may trigger a significant change in market prices include structural changes (mergers, acquisitions), capital changes, financial figures etc.
Disclosure of Management Transactions
Reporting of all relevant transactions by the board of directors and management.
Disclosure of Shareholdings
Reporting by the person or group subject to reporting obligations when reaching, exceeding or falling below the voting right thresholds of: 3%, 5%, 10%, 15%, 20%, 25%, 33 1⁄3%, 50% or 66 2⁄3%.
The individual requirements are outlined individually in the following chapters.