{
 "as_of": "2026-11-06",
 "cmr": "ch-cm-kg/BX/KSBE",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Kursaal Bern AG (BX Swiss: KSBE) — research page\n\nAs of 2026-11-06 · ch-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Kursaal Bern AG, listed on BX Swiss under ticker KSBE, ISIN CH0001613295, LEI 506700TD006UTM0FWT78. Its security type is Corporate. Its segment is not on the record, and its sector is not on the record because the SIX feed returns an empty ICB industry for this line. Its jurisdiction is Switzerland, as a Zefix-registered corporation. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 8 filings in the window 2025-11-06 to 2026-11-06, on 8 filing days, of which 1 is ad hoc and 7 are register mutations. The median gap between filing days is 18 days. The latest filing is dated 2026-10-23 and is a register mutation, 14 days before the record date of 2026-11-06. Exchange peers on BX Swiss number 19, with a median cadence gap of 43.2 days, a median of 6 filings, and a median latency of 9 days. Sector peer figures are not on the record for the market CH.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries only the annual report link, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record because no lifecycle type map exists for this register.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record because no lifecycle type map exists for this register. The halt flag is listed, not halted.\n\n## Orderability\n\nUnder rule version acm-68000/ch/finsa-product-duties/r1, with the chapter as of 2026-11-04, the outcome is determinable for all three client categories and carries signal ACM-200: Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden.\n\n## Coverage\n\nNo research houses were found on the investor-relations pages read for this issuer, and the count is 0.\n\n## Open research\n\nNo openly published research notes were found, and the count is 0.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage of the market is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.bxswiss.com/instruments/CH0001613295 (identity.exchange)\n- https://www.zefix.ch/en/search/entity/list?name=Kursaal%20Bern%20AG (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.ch-cm-kg.ai/events/BX/KSBE (the disclosure lines)\n- https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions (the halt flag)\n- https://mcp.ch-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.ch-cm-kg.ai/record/BX/KSBE (the record)\n",
 "market": "CH",
 "node": "ch-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the CH vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "CH",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "CH",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CH",
    "state": "not_on_record"
   },
   "changes": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "ch-cm-kg/BX/KSBE",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://kursaal-bern.ch/en/about-us/investor-relations",
     "result": "read: 0 of 0 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 19,
     "median_cadence_gap_days": 43.2,
     "median_filings": 6,
     "median_latency_days": 9,
     "name": "BX Swiss"
    },
    "sector": {
     "market": "CH",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 1,
    "register_mutation": 7
   },
   "cadence_median_gap_days": 18,
   "filing_days": 8,
   "filings": 8,
   "latency_days": 14,
   "latest": [
    {
     "category": "HR02",
     "date": "2026-10-23",
     "source": "https://www.shab.ch/#!/search/publications/detail/3a374312-82e6-4f93-a768-191c48326bf9",
     "title": "HR02 Change Kursaal Interlaken Holding AG, Interlaken",
     "type": "register_mutation"
    },
    {
     "category": "HR02",
     "date": "2026-10-13",
     "source": "https://www.shab.ch/#!/search/publications/detail/79eb8168-fbf1-4b14-a601-73895e57a5e4",
     "title": "HR02 Change Congress Kursaal Interlaken AG, Interlaken",
     "type": "register_mutation"
    },
    {
     "category": "HR02",
     "date": "2026-09-25",
     "source": "https://www.shab.ch/#!/search/publications/detail/7b06557c-c60d-4a69-9b49-4f8f023b45c1",
     "title": "HR02 Change GRAND CASINO KURSAAL BERN AG, Bern",
     "type": "register_mutation"
    },
    {
     "category": "ad-hoc",
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/news/ad-hoc/positive-entwicklung-bei-der-kursaal-bern-ag/64b07906-abe7-4945-915f-71b7a68c231f_de",
     "title": "Positive Entwicklung bei der Kursaal Bern AG | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "HR02",
     "date": "2026-09-02",
     "source": "https://www.shab.ch/#!/search/publications/detail/bf070cee-161d-4f8e-ad2d-a9c202c0d332",
     "title": "HR02 Change Kursaal Interlaken Holding AG, Interlaken",
     "type": "register_mutation"
    }
   ],
   "latest_filing_date": "2026-10-23",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ch-cm-kg.ai/events/BX/KSBE",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "BX Swiss instruments list (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.bxswiss.com/instruments/CH0001613295",
    "state": "sourced",
    "value": "BX Swiss"
   },
   "isin": {
    "read_by": "BX Swiss instruments list (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.bxswiss.com/instruments/CH0001613295",
    "state": "confirmed",
    "value": "CH0001613295"
   },
   "jurisdiction": {
    "read_by": "Zefix federal commercial register index (zefix.ch public web API, name-exact + corporation legal form) (legal form)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.zefix.ch/en/search/entity/list?name=Kursaal%20Bern%20AG",
    "state": "sourced",
    "value": "Switzerland (Zefix-registered corporation)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN CH0001613295)",
    "state": "sourced",
    "value": "506700TD006UTM0FWT78"
   },
   "name": {
    "read_by": "BX Swiss instruments list (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.bxswiss.com/instruments/CH0001613295",
    "state": "sourced",
    "value": "Kursaal Bern AG"
   },
   "sector": {
    "market": "CH",
    "reason": "the SIX feed returns an empty ICB industry for this line",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "BX Swiss instruments list (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.bxswiss.com/instruments/CH0001613295",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CH",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "BX Swiss instruments list (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.bxswiss.com/instruments/CH0001613295",
    "state": "sourced",
    "value": "KSBE"
   },
   "website": {
    "market": "CH",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "CH",
  "node": "ch-cm-kg",
  "numbers_hash": "sha256:2b97165ea0a5f41ba83bb963dda5cfa7b6286ccab881196f93727723e5c95bda",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Privatkundinnen und -kunden",
    "professionelle Kunden",
    "institutionelle Kunden"
   ],
   "outcomes": {
    "Privatkundinnen und -kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "institutionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ch-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ch-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ch/finsa-product-duties/r1",
   "section": "ch.aio.v8"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ch-cm-kg.ai/record/BX/KSBE",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:2b97165ea0a5f41ba83bb963dda5cfa7b6286ccab881196f93727723e5c95bda",
 "path": "/ch/BX/KSBE",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Kursaal Bern AG, listed on BX Swiss under ticker KSBE, ISIN CH0001613295, LEI 506700TD006UTM0FWT78. Its security type is Corporate. Its segment is not on the record, and its sector is not on the record because the SIX feed returns an empty ICB industry for this line. Its jurisdiction is Switzerland, as a Zefix-registered corporation. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 8 filings in the window 2025-11-06 to 2026-11-06, on 8 filing days, of which 1 is ad hoc and 7 are register mutations. The median gap between filing days is 18 days. The latest filing is dated 2026-10-23 and is a register mutation, 14 days before the record date of 2026-11-06. Exchange peers on BX Swiss number 19, with a median cadence gap of 43.2 days, a median of 6 filings, and a median latency of 9 days. Sector peer figures are not on the record for the market CH.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries only the annual report link, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record because no lifecycle type map exists for this register.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record because no lifecycle type map exists for this register. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under rule version acm-68000/ch/finsa-product-duties/r1, with the chapter as of 2026-11-04, the outcome is determinable for all three client categories and carries signal ACM-200: Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the investor-relations pages read for this issuer, and the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found, and the count is 0.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage of the market is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.bxswiss.com/instruments/CH0001613295"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://www.zefix.ch/en/search/entity/list?name=Kursaal%20Bern%20AG"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ch-cm-kg.ai/events/BX/KSBE"
  },
  {
   "for": "the halt flag",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ch-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.ch-cm-kg.ai/record/BX/KSBE"
  }
 ],
 "title": "Kursaal Bern AG (KSBE) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}