UBS announces move out of Switzerland by...?

On September 23, 2026, Switzerland's upper house of parliament voted to raise UBS's capital requirements for its foreign subsidiaries, prompting speculation that UBS could move its headquarters out of Switzerland. This market will resolve to "Yes" if UBS Group AG ("UBS"), or an official representative of UBS, publicly announces that UBS will move its global headquarters or legal domicile, or those of its successor ultimate parent company, out of Switzerland between market creation and 11:59 PM