Six Swiss Exchange has placed a fine of CHF10,000 upon Luxembourg-based db x-trackers Sicav for v...
Six Swiss Exchange has placed a fine of CHF10,000 upon Luxembourg-based db x-trackers Sicav for violating reporting requirements. The fine is due to the failure to report dividend payments for several of its ETFs which are traded on Six Swiss Exchange. In August last year, db x-trackers Sicav Luxembourg failed to deliver on time the required data on dividend payments for several ETFs to Six Swiss. As Six Swiss received no report, the current market price of the related equity securities was not correctly set on August 22 2008. Consequently, the securities were traded at prices that we...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes