The Federal Council has ordered a new recognition obligation for foreign trading venues: from 1 January 2019, foreign trading venues where Swiss equity securities are traded must be recognised by the Swiss Financial Market Supervisory Authority FINMA. FINMA published guidance on this topic today.
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. This was established by the Federal Council on 30 November 2018 in an Ordinance (see Federal Council press release and Ordinance).
FINMA has published guidance on this topic as well as a list of recognised trading venues.
