From 1 January 2019, foreign trading venues where Swiss equity securities are traded must be recognised by the Swiss Financial Market Supervisory Authority FINMA. A list maintained by the Federal Department of Finance (FDF) is authoritative for this purpose. Following an update to this list, trading venues in the European Union can now also be recognised by FINMA.
From 1 January 2019, foreign trading venues where Swiss equity securities are traded or that facilitate trading in such equity securities must first be recognised for supervisory purposes by FINMA (see also
Ordinance).
Now, trading venues in the European Union can also be recognised by FINMA. This comes after the FDF updated the authoritative list of jurisdictions on 20 December 2018 (see also
FDF press release). A foreign trading venue’s recognition is forfeited as soon as it has its registered office in a jurisdiction on the FDF list.
FINMA has published
guidance on this topic as well as the updated
list of recognised trading venues.
