Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Update: The Swiss Federal Council Takes Measures To Protect Swiss Stock Exchanges

Date 03/12/2018

  • Trading of Swiss listed equities on foreign trading venues to be subject to regulatory approval in Switzerland as from January 2019
  • Criminal sanctions contemplated in case of breach
  • Temporary authorizations available to foreign securities firms willing to trade on Swiss trading venues

On 30 November 2018, the Swiss Federal Council announced that it had adopted special regulations designed to protect Swiss financial markets infrastructures: the "Ordinance on the Recognition of Foreign Trading Venues for the Trading of Equity Securities of Companies with Registered Office in Switzerland (the "ORFTV"). The measure was announced only a few days after the European Commission indicated that it was considering not extending its equivalence decision for Swiss stock exchanges beyond December 2018.

Click here for full details.