SIX Exchange Regulation began an investigation into possible breaches of the Directive on Ad hoc Publicity and the Directive on Information relating to Corporate Governance by UBS AG.
Reportedly, SIX Exchange Regulation with the tasks of monitoring and enforcing issuers’ obligations, began an investigation into possible breaches by UBS of the provisions on the ad hoc publicity in the period from 2007 to the end of 2008 as well as possible breaches of the corporate governance directive in connection with the bank’s 2008 annual report.
SIX Exchange Regulation has said that the investigatory proceedings will continue for an indefinite period and it will announce its findings. It has added that the no information will be provided while the proceedings are ongoing.
