Regulatory Information

Trading

• BX form to authorize traders

• Jurrians test file

• Trading Rules (01.01.2018)

  The Trading Rules govern the organisation of trading, the execution of trades, and their clearing and settlement.

• Trading Directive (29.10.2018)

  This directive is based on the BX Trading Rules and contains additional provisions on trading.

• Clearing & Settlement Directive (01.01.2018)

  This directive is based on the BX Trading Rules and contains implementing provisions for the clearing and settlement on the BX. 
  

• Market Control Directive (27.11.2017)

  This directive is based on the BX Trading Rules and contains implementing provisions for the market control.

• Participant Rules (27.11.2017)

  On the basis of the Financial Market Infrastructure Act (FMIA), the Participant Rules govern the requirements, admission, suspension, termination, rights and obligations of the BX participants.

• Participant Rules (01.11.2018)

  New version of the Participant Rules that will enter into force on 1 November 2018.

• List of Fees (24.10.2018)

  The List of Fees governs the fees which participants and issuers are obligated to pay pursuant to the rules of the BX.

Reporting Office

• Rules of the Reporting Office (01.01.2018)

  These regulations regulate the fulfilment of the statutory reporting obligations for securities transactions pursuant to Art. 39 FMIA.

• Price list of the Reporting Office (27.08.2017)

  The price list of the Reporting Office regulates the fees incurred by participants in the course of fulfilling their reporting obligations.

• Registration form for participants

• Registration form for dealers of participants subject to the reporting obligation

Disclosure Office

• Rules of the Disclosure Office (27.11.2017)

  These rules govern the responsibilities and competences of the disclosure office.
  
  Disclosure reporting: https://www.bxswiss.com/ols
  

Reporting of management transactions

• Reporting form for management transactions

  This form is used to report management transactions in accordance with Art. 18 of the Listing Rules. Further information is available at: https://www.bxswiss.com/disclosures.

Regulation and Surveillance

Regulations of the bodies defined in accordance with Art. 27 FMIA, which perform the statutory regulatory and supervisory tasks on the BX. 

• Rules of the Appeal Body (27.11.2017)

• Rules of the sanction commission (27.11.2017)

• Rules of the Trading Surveillance Office (27.11.2017)

• Rules of the Disclosure Office (27.11.2017)

• Rules of the Regulatory Board (27.11.2017)

Listing/Admission & Reporting Obligations

• Listing Rules (01.05.2018)

  The Listing Rules determine the requirements for the listing of an issuer's securities and the issuer's reporting obligations.

• Listing Rules (01.11.2018)

  New version of the Listing Rules that will enter into force on 1 November 2018.

• Directive Track Record (01.06.2012)

  This Directive governs the requirements for granting exemptions to the listing requirement of the minimum duration of one year of the issuer’s existence in accordance with clause 4.3 of the Listing Rules.

• Regular reporting obligations of primary listed issuers (01.05.2018)

  Describes the regular reporting obligations of primary listed issuers during the maintenance of listing.

• Regular reporting obligations of dual-listed issuers (01.05.2018)

  Describes the regular reporting obligations of dual-listed issuers during the maintenance of listing.

• Additional Rules for the Listing of Derivatives (20.07.2018)

  In addition to the Listing Rules, these Additional Rules define the requirements concerning issuers and debtors, products and disclosure for the listing of derivatives on the BX.

• Directive to the Listing Procedure for Derivatives (20.07.2018)

  In addition to the Additional Rules for Derivatives, this directive lays down the special requirements for the procedures for listing, maintaining and terminating the listing of derivatives.

• Directive to the regular reporting obligations for derivatives (20.07.2018)

  This directive lays down the issuers’ regular reporting obligations for derivatives listed in accordance with the Additional Rules for Derivatives.

• Scheme A – derivatives (20.07.2018)

  Scheme A regulates the information in the listing prospectus for derivatives that are listed in accordance with the Additional Rules for Derivatives.

• Swissfunds Listing Rules (07.11.2016)

  These rules define the requirements for the listing, maintenance and delisting of collective investment schemes in the segment BX Swissfunds.

• Directive to the regular reporting obligations for collective investment schemes (01.10.2018)

  This directive lays down the issuer's regular reporting obligations for collective investment schemes (CIS) in the context of maintaining the listing.

• Swissfunds ETF Spreads (07.03.2017)

  Annex: ETF-Spreads

• Worldfunds – Rules for admission to trading (03.11.2014)

  These rules govern the admission, the maintaining of the listing and the termination of the admission to trading of investment funds in the segment BX Worldfunds.

• Worldcaps – Rules for admission to trading (01.01.2018)

  Regulates the admission to trading, maintenance and withdrawal of equity securities in the Worldcaps segment.

• List of Fees (24.10.2018)

  The List of Fees governs the fees which participants and issuers are obligated to pay pursuant to the rules of the BX.

Decisions of the BX Admission Board

• Decision: Listing facilities for SIX-listed issuers

  Decision of the Admission Board of 6 April 2009 concerning facilitation of listing for issuers listed on the SIX, waiver of listing prospectus.

• Decision: Listing facilities for real estate and investment companies

  Decision of the Admission Board of 12 June 2009 on facilitation of listing for real estate and investment companies

• Decision: Exemption from the reporting requirement for management transactions for certain third parties

  Decision of the Admission Board of 24 April 2018 regarding exemption from the reporting requirement for management transactions pursuant to Art. 18 LR if a third party does not actually perform management functions.

BX Listed securities

BX Listed securities are flagged and are subject to BX listing rules. Non-flagged instruments are admitted to trading on BX, subject to BX rules for admission to trading and not classified as listed on BX.