One service that is particularly valued by clients is the publications we produce in different languages: clear, understandable articles and reports, and in-depth guides to specific legislation. Please find here our latest Lenz & Staehelin newsletters:
Swiss rules on disclosure of significant interests in listed companies - Changes to the aggregation rules regarding client positions
As from 1 March 2017, positions held for the account of third parties can be aggregated at the level of the entity that has the discretionary authority to exercise the relevant voting rights (typically an asset manager) or - alternatively - at the level of the person who ultimately controls such entity.
The new rules provide for a transition period of six months for implementation.
Filings made prior to March 2017 are not grandfathered - Previous disclosures of client positions must be updated by 31 August 2017.