Securities regulation

Swiss securities regulation covers public offerings, prospectuses, trading venues, intermediaries, market abuse, disclosure of major holdings, and conduct duties. It protects investors and market integrity while enabling capital formation. FINMA supervision, stock-exchange rules, and financial-market statutes interact with civil liability and criminal provisions. Cross-border offerings and listings often require coordination with EU, US, or other regimes. The precise obligations depend on the instrument, investor category, distribution method, trading venue, and whether the issuer or intermediary is regulated.