Aggregated News From Investment Management Regulators

Trading in Swiss shares: recognition of various UK trading venues

Report/Flag

Please complete the required fields.



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.

This news item was originally published by the Swiss Financial Market Supervisory Authority (FINMA CH). For more information, see the Source Link.

Regulator Information

Abbreviation: FINMA
Jurisdiction: Switzerland

Recent Articles

The SEC Levels Up: Statement on In re Activision Blizzard

Feb. 3, 2023 Today, the Commission announced a $35 million settlement with Activision Blizzard Inc. (“Activision Blizzard”).

Mr William Stephen Cairns (date of Birth 15 January 1949) of Key West, Doyle Road, St Peter Port Guernsey GY1 1RG — GFSC

Date of prohibition order pursuant to section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 2 February 2023 until 2 July

Mr Du Preez Gert Vermeulen (Date of Birth 5 August 1987) of Doyle Court, Doyle Road, St Peter Port Guernsey GY1 1RD

Date of prohibition order pursuant to section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 2 February 2023 until 2 Mar

Publication of a Notice of the fact of a Prohibition Order and a Discretionary Financial Penalty — GFSC

On 2 February 2023, the Commission imposed discretionary financial penalties as follows:  Mr William Stephen Cairns (“Mr Cairns”) a financial penalty of £133,000; and  Mr Du Preez Gert Vermeulen (“M

Get the latest from Regulatory.News in your inbox!

×