POLITICAL REPORT

Cleaning up of the Free Ports situation

31 May 2015

Since the report of the Federal Audit Office in April 2014, which pinpointed the systemic risks involved, it became urgent to clarify matters; to move towards greater traceability and transparency. For all these I have put in place various reforms, the main one being the conversion of bearer shares into registered shares in order to eliminate the anonymity of 13% of shares in private hands.

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