123

958.1LInFiFederal Act1 gen 2016Fonte originale

FINMA shall issue provisions on:
1. the scope of the notification duty;
2. the treatment of acquisition and disposal rights;
3. the calculation of voting rights;
4. the time frame within which the notification duty has to be fulfilled;
5. the time frame within which a company has to publish changes to its ownership structure in accordance with Article 120.
FINMA may, for good cause, make provision for exemptions to or easing of the notification or publication duty, particularly if the transactions:
1. are of a short-term nature;
2. are not associated with any intention to exercise the voting right; or
3. are conditional.
Anyone who intends to acquire securities can obtain a ruling from FINMA as to whether or not they will be subject to the notification duty.

1 commentary

N1.Competenze FINMA sugli obblighi di notifiÊ delle partecipazioni

Ai sensi dell'art. 123 cpv. 1 LInFi, la FINMA può, mediante l'emanazione di ordinanze, adottare disposizioni in materia di obblighi di notifiÊ per le partecipazioni. Nella misura in cui obblighi di notifiÊ relativi agli organismi di investimento collettivo risultano dall'art. 120 cpv. 1 LInFi (cfr. art. 18 OInFi‑FINMA), la FINMA non ha ecceduto il quadro di competenze a lei delegato ai sensi dell'art. 123 cpv. 1 lett. a.

“Regeste Art. 120 Abs. 1 und 3, Art. 123 Abs. 1 lit. a FinfraG und Art. 10 und 18 FinfraV-FINMA (in der bis am 31. Dezember 2020 in Kraft stehenden Fassung); Meldepflicht für Beteiligungen; Kollektive Kapitalanlagen. Art. 120 Abs. 1 FinfraG ist nicht auf den alleinigen wirtschaftlichen Berechtigten beschränkt, wie er in Art. 10 Abs. 1 FinfraV-FINMA definiert ist (E. 5). Bei kollektiven Kapitalanlagen kann sich die Meldepflicht demnach aus Art. 120 Abs. 1 FinfraG ergeben, wie dies Art. 18 FinfraV-FINMA vorsieht. Die FINMA hat beim Erlass dieser Vorschrift den Rahmen der ihr durch Art. 123 Abs. 1 lit. a FinfraG delegierten Kompetenz nicht überschritten (E. 6).”