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Article NO. Content


Regulations Governing Public Tender Offers for Securities of Public Companies  CH

Amended Date: 2023.12.04 
Article 3     The term "affiliates" as used in Paragraphs 2 and 4 of Article 43-1, Paragraph 1 of Article 43-3, Paragraph 4 of Article 43-5, Subparagraph 4 of Paragraph 1 of Article 174, and Subparagraph 2 of Paragraph 1 of Article 178 of the Act and in these Regulations refers to any of the following:
  1. For an Offeror that is a natural person, it refers to his or her spouse and minor children.
  2. For an Offeror that is a company, it refers to an affiliated enterprise as defined in Chapter 6-1 of the Company Act.
    Securities held by affiliates mentioned in the preceding paragraph include those held using the names of other persons.