SER concludes investigation into Leclanché SA

SIX Exchange Regulation AG (SER) has imposed a fine of CHF 15’000 for a violation of the rules on ad hoc publicity.

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SER has sanctioned Leclanché SA with a fine of CHF 15’000 by way of a sanction notice for a violation of the rules on ad hoc publicity.

Leclanché SA already published an ad hoc announcement, which was distributed after the close of trading, one day earlier on its website before the start of trading. According to the rules on Ad hoc Publicity, the failure to simultaneously distribute price-sensitive facts constitutes a violation of the principle of equal treatment.

The fault was judged to be and the infringement to be negligent and the infringement to be severe . In determining the level of fines, SER considered the impact of the sanction on the party concerned. The fact that no other sanction had been imposed on Leclanché SA in the preceding three years was also taken into account. Given that Leclanché SA has recognised its infringement and its willingness to cooperate after the violation had been committed, the company’s conduct was considered to be a mitigating factor and was taken into account while setting the fine at CHF 15’000.

The sanction notice is legally binding.

If you have any questions, please contact
Hrvoje Tkalcec, Head Communications & Media Relations.
Phone: +41 58 399 2267
Email: ser_media@six-group.com

SIX Exchange Regulation AG is a legally independent company of SIX Group and of one the Regulatory bodies of the SIX trading venues. It performs the functions assigned under Swiss federal law and enforces the rules laid down by the Regulatory Board, and monitors compliance with legal and regulatory requirements. As part of its diverse remit, SIX Exchange Regulation AG submits proposals for sanctions to the Sanctions Commission or can enact sanction notices. SIX Exchange Regulation AG consists of the divisions Listing & Enforcement, responsible for regulating issuers, and Surveillance & Enforcement, which monitors trading.
www.ser-ag.com

SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
www.six-group.com

Media Release

SER concludes investigation into Leclanché SA

SIX Exchange Regulation AG (SER) has imposed a fine of CHF 15’000 for a violation of the rules on ad hoc publicity.