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Swiss Stock Exchange Protection Measure Extends

During its meeting on 22 June 2022, the Federal Council adopted the dispatch on incorporating the measure to protect the Swiss stock exchange infrastructure into the Financial Market Infrastructure Act (FinMIA). This step is necessary, as the protective measure will otherwise cease to apply and the European Union (EU) has not yet recognised the equivalence of Swiss stock exchange regulation.

2022-06-22 09:45:20
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Quelle: Swiss Federal Council

The Swiss Federal Council has adopted a measure to protect the Swiss stock exchange infrastructure by incorporating it into the Financial Market Infrastructure Act (FinMIA). The measure was activated on 1 July 2019 after the European Union (EU) did not recognize the equivalence of Swiss stock exchange regulation.

The protective measure aims to maintain a properly functioning Swiss stock exchange infrastructure and allow EU securities firms to continue trading Swiss company equities. The Federal Council extended the validity of the measure to 31 December 2025 on 17 November 2021 and launched a consultation on incorporating it into the FinMIA.

The measure will remain temporary, but can be deactivated at any time. The proposal has received positive feedback from all consultation participants.

The Federal Council hopes to avoid adverse effects on Switzerland as a stock exchange, financial center, and business location due to the lack of stock market equivalence with the EU. However, it believes that Switzerland meets all the requirements for unrestricted recognition of stock market equivalence by the EU..

(Quelle:Swiss Federal Council modified with ChatGPT)

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Swiss Stock Exchange Protection Measure Extends