EU OKs Swiss equivalence for a year
December 21, 2017

The European Union Commission has today decided to recognize the equivalence of the Swiss legal and supervisory framework for trading venues with that of the EU for a temporary period of one year.

The decision allows European securities traders access to the Swiss market even after the new European financial market rules enter into force in January 2018. As a result, European securities traders will be permitted to trade Swiss equities on the Swiss domestic market in the coming year as well.

The European Markets in Financial Instruments Directive (MiFID II) and its related regulation MiFIR enter into force on 3 January 2018. Article 23 MiFIR requires European investment firms to trade shares on a trading venue within the EU or a third-country trading venue assessed as equivalent. This requirement applies to all shares admitted to trading in the EU, which affects the majority of Swiss equities traded on the SIX Swiss Exchange.





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The European Union Commission has today decided to recognize the equivalence of the Swiss legal and supervisory framework for trading venues with that of the EU for a temporary period of one year.

The decision allows European securities traders access to the Swiss market even after the new European financial market rules enter into force in January 2018. As a result, European securities traders will be permitted to trade Swiss equities on the Swiss domestic market in the coming year as well.

The European Markets in Financial Instruments Directive (MiFID II) and its related regulation MiFIR enter into force on 3 January 2018. Article 23 MiFIR requires European investment firms to trade shares on a trading venue within the EU or a third-country trading venue assessed as equivalent. This requirement applies to all shares admitted to trading in the EU, which affects the majority of Swiss equities traded on the SIX Swiss Exchange.



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