Tag Archives: CapLaw-2014-11

Cooling-off Periods under the New Swiss Rules on Insider Trading and Market Manipulation

One of the key changes of the new Swiss laws on market abuse that entered into force on 1 May 2013 was the introduction of administrative law rules on insider trading and market manipulation which apply to all market participants. As a result thereof, Swiss publicly listed companies should, among other things, revisit their current internal trading regulations with a focus on cooling-off periods following the publication of price sensitive information to avoid any potential implications and/or allegations that market activities taken by the company or its directors, employees, affi liates, etc. are a form of market abuse.

By Philippe Weber/Christina Del Vecchio (Reference: CapLaw-2014-11)