Share trading obligation equivalence decision for Switzerland now in force
Published 3 February 2021
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This publication is available at https://www.gov.uk/government/publications/share-trading-obligation-equivalence-decision-for-switzerland-now-in-force/share-trading-obligation-equivalence-decision-for-switzerland-now-in-force
HMT’s decision under the share trading obligation (STO) for Switzerland, which was laid before Parliament on 13 January, is now in force. This decision means that UK firms can meet their obligations under the STO on BX Swiss AG and SIX Swiss Exchange AG.
The Swiss have reciprocated by removing restrictions on UK trading venues. As a result of this, UK venues can register with The Swiss Financial Market Supervisory Authority (FINMA) in order to trade Swiss shares.
For further information on the UK’s decision please visit gov.uk.
Yesterday, the FCA issued guidance for firms on both the UK and Swiss decisions.