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In September 2012, the Swiss Parliament overhauled the Swiss market abuse law, by amending the Swiss Criminal Code and the Federal Act on Stock Exchanges and Securities Trading (SESTA). On 10 April 2013, the Federal Council adopted the regulations implementing the new law, which will enter into force on 1 May 2013.
The new rules significantly change the current Swiss market abuse regime. The main changes are outlined in this document.