In substance, the requirements are the same. However, the Directive for the Listing of Foreign Companies stipulates a few specific aspects which are applicable to foreign companies, e.g. the issuer must provide proof that it has not been refused listing in its home country. Further, we would like to highlight that the auditors that provide auditing services for companies listed on a Swiss Stock Exchange require a special admission and are supervised by the Federal Audit Oversight Authority. This is established by law. By appointing auditors, the issuer needs to fulfil the requirements set out in Arts. 7 and 8 of the Federal Act on the Admission and Oversight of Auditors (AOA) (see also Art. 13 of the Listing Rules).