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Any person in Switzerland who makes a public offer for the acquisition of securities or any person who seeks the admission of securities to trading on a trading venue must first publish a prospectus.

The prospectus must be reviewed by the reviewing body before publication. The reviewing body must be licensed by FINMA. Information about the tasks of the reviewing bodies and supervision by FINMA can be found here. Further information is available on the websites of the licensed reviewing bodies: reviewing body for prospectuses SIX Exchange Regulation (SER) and BX Swiss AG reviewing body for prospectuses.

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