Since 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. The FDF has updated this list. Consequently, various trading venues in the United Kingdom have now been recognised by FINMA.
Since 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).
On 3 February 2021 the FDF updated the list of jurisdictions relevant for recognition. The United Kingdom was removed from this list. As a result, the legal requirement was met for FINMA to be able to recognise trading venues in the United Kingdom. This step subsequently followed on 3 February 2021 for various trading venues in the UK.
FINMA has published guidance on this topic as well as the updated list of recognised trading venues.