News

28 May 2013
News
Enforcement instruments

FINMA is looking into complaint regarding violations of reporting obligations at LifeWatch

LifeWatch Ltd has notified the Swiss Financial Market Supervisory Authority FINMA about suspected violations of reporting obligations. It has also requested FINMA to suspend voting rights and ban any further acquisitions being made. FINMA is currently looking into the matter. The supervisory authority has, however, rejected LifeWatch's request regarding an ex parte suspension of voting rights and an ex parte ban on any further acquisitions being made.