Swiss regulator proposes sanctions against GAM for not disclosing liabilities

Ridhima Sharma
clock • 2 min read

SIX Exchange Regulation AG (SIX), the Swiss listing authority, has announced the submission of a sanction proposal to its Sanctions Commission in relation to a technical accounting matter at GAM Holding AG. The matter relates to the recognition of future performance fee payments as a financial liability following GAM's acquisition of Cantab Capital Partners LLP (Cantab) in 2016. GAM takes its financial reporting responsibility very seriously, disagrees with the position taken by SIX and stands by its previously published consolidated financial statements. It has therefore filed reason...

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