The Swiss Exchange (SWX) is planning to change its listing rules to attract issuers that are unhappy with the increased compliance costs associated with the EU’s recently passed prospectus and transparency directives.
SWX will introduce changes over the next four months, removing a requirement that debt securities listed in Switzerland be governed by Swiss law and clearing the way for issuers to publish statements under most local accounting standards, including Japanese and US rules.
SWX plans to create a fast-track system for transferring EU-listed securities to Switzerland without new prospectuses having to be issued.
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