The Swiss finance ministry has removed Britain from a list of countries requiring authorisation for its securities trading platforms.
This content was published on
2 minutes
Keystone-SDA/ts
This decision follows the recognition of the equivalence of Swiss stock exchange regulations by the British parliament, the stock exchange operator SIX said in a statementExternal link on Wednesday, the day the recognition entered into force.
The normalisation of relations between Switzerland and Britain in this area means that various trading venues in the UK can be automatically approved by the Swiss Financial Market Supervisory Authority (FINMA), the latter said in a separate statementExternal link.
“On January 31, 2020, UK membership of the European Union ended,” the State Secretariat for International Finance explainedExternal link on Wednesday. “Subsequently, the finance ministry activated the protective measure with respect to the UK as well. The transition period in the relationship between the UK and the EU expired on December 31, 2020.”
More
More
Brexit explainer: visiting, studying and working in Switzerland
This content was published on
From holidays to studying to finding a job in the Alpine nation, we look at what has changed for UK nationals.
Since January 2019, any trading venue from a European Union member state wishing to operate in Switzerland must obtain a licence. In November 2018, the government adopted an ordinance to this effect in response to Brussels’ failure to recognise Switzerland’s stock exchange equivalence.
“We’ve always supported open and international capital markets and it’s in the interests of national and international investors,” said Thomas Wellauer, Chairman of SIX, in the statement. “The mutual recognition of equivalence will permit a healthy exchange and competition between the major financial centres in Switzerland and the UK.”
The restrictions are maintained for other EU countries, the Zurich-based financial group said.
More
More
Swiss stock exchange benefited from EU ban, says SIX president
This content was published on
Thomas Wellauer also predicts benefits for its clients once Swiss shares begin trading again in London.
Swiss football boss wants crackdown on individual hooligans
This content was published on
The head of the Swiss Football League says he prefers a harsher approach to individual hooligans rather than collective punishment measures affecting all fans.
Amherd: Council of Europe is ‘as urgently needed as ever’
This content was published on
The Swiss government emphasised on Sunday the vital role of the Strasbourg-based Council of Europe, 75 years after it was founded.
Swiss minister: Italy will back Switzerland in EU talks
This content was published on
Bern can count on the backing of Italy as it re-enters talks with the European Union on future relations, Viola Amherd says.
Student protestors at University of Lausanne continue pro-Palestine sit-in
This content was published on
Since Thursday, a hall on campus has been occupied by students calling for a boycott of Israeli academic institutions and a ceasefire in Gaza.
This content was published on
Swiss public broadcasters RTS and SRF are drastically reducing their communications via the social network X (formerly Twitter).
Israel: president of Swiss universities rejects academic boycott
This content was published on
Luciana Vaccaro, president of Swissuniversities, the umbrella group of Swiss universities, is not in favour of an academic boycott of Israeli universities.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
City of London to bring back Swiss stock trading following EU exit
This content was published on
The post-Brexit UK will bring trading in Swiss shares back to London, marking a split from EU policy on financial services.
Trading costs rise after Switzerland’s loss of EU access rights
This content was published on
Switzerland’s loss of access rights to EU stock markets has concentrated trading in Zurich while raising costs for buying shares in smaller companies.
This content was published on
A dispute between the EU and Switzerland, in which financial services is a casualty, is making London and continental traders even more jittery.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.