The disclosure of shareholdings in accordance with art. 120 et seqq. of the Financial Market Infrastructure Act (FMIA) and its implementing ordinances (in particular art. 10 et seqq. FMIO-FINMA) is a key element of Swiss capital market and stock exchange law. The market should receive a timely overview of any (changes in) holdings of the relevant investors (or groups thereof) (starting from 3% of the voting rights) in issuers of shares listed in Switzerland. The relevant information is published on the website of the SIX Exchange Regulation (SER) or Bern Stock Exchange (BX).