Granting stock market equivalence is the EU’s major leverage in trying to get the Swiss to finally sign off on an agreement governing ties, but Switzerland’s foreign minister has said repeatedly Switzerland’s equivalence status for its exchanges under the EU’s MiFiD II rules, which allows banks and brokers within the 28-country bloc to trade there, runs out on Dec. 31. For the Swiss general public “the question of wages is much more central” than the stock market “side show,” said Cedric Wermuth, The Swiss Bankers Association (SBA) advocates for open capital markets and calls on the EU to recognise stock market equivalence indefinitely. The SBA welcomes that the Federal Council continues to resolutely advocate for the recognition of stock market equivalence by the EU. We will analyse the contingency measure recommended by the Federal Council. On 27 June 2019, the Federal Department of Finance (FDF) confirmed (press release) that the Federal Council Ordinance of 30 November 2018 on safeguarding the interests and strengthening the functioning of the Swiss capital market will be activated as of 1 July, as it is no longer expected that the EU Commission will extend the Swiss exchange equivalence in good time. Row brewing EU to limit Swiss stock exchange market access. Switzerland and the European Union look set for another row as the EU confirmed it would slap a one year limit on Swiss stock exchange access to its markets. In 2018, Switzerland and the EU struck a deal to extend Swiss stock market equivalence until 30 June 2019, a date fast approaching. Stock market equivalence makes a trade on the Swiss stock exchange equivalent to a trade on an exchange in an EU country. This allows trades to be pooled across countries, something that supports global trade and improves international market liquidity, a win-win In the matter of equivalence, Switzerland should be handled with priority by the EU and assessed individually. Recognition of equivalence in the area of financial market regulation. Swiss legislation strives for EU equivalence – where it appears possible, necessary for the business conducted by the banks and where commensurate.
Though Switzerland isn’t part of the EU, about a third of trading in Swiss-based companies took place on exchanges and trading platforms within the bloc before the nation’s stock-market lost EU recognition. Stock market equivalence makes a trade on the Swiss stock exchange equivalent to a trade on an exchange in an EU country. This allows trades to be pooled across countries, something that supports global trade and improves international market liquidity, Switzerland looks likely to have outmaneuvered the European Union, after the latter ended its recognized stock exchange equivalence with the country. The EU allowed the equivalence, which allows
Switzerland too was granted equivalence, but only temporarily, and the EU announced in early May 2019 that it would
On 27 June 2019, the Federal Department of Finance (FDF) confirmed (press release) that the Federal Council Ordinance of 30 November 2018 on safeguarding the interests and strengthening the functioning of the Swiss capital market will be activated as of 1 July, as it is no longer expected that the EU Commission will extend the Swiss exchange equivalence in good time. Row brewing EU to limit Swiss stock exchange market access. Switzerland and the European Union look set for another row as the EU confirmed it would slap a one year limit on Swiss stock exchange access to its markets. In 2018, Switzerland and the EU struck a deal to extend Swiss stock market equivalence until 30 June 2019, a date fast approaching. Stock market equivalence makes a trade on the Swiss stock exchange equivalent to a trade on an exchange in an EU country. This allows trades to be pooled across countries, something that supports global trade and improves international market liquidity, a win-win In the matter of equivalence, Switzerland should be handled with priority by the EU and assessed individually. Recognition of equivalence in the area of financial market regulation. Swiss legislation strives for EU equivalence – where it appears possible, necessary for the business conducted by the banks and where commensurate. Granting stock market equivalence is the EU's major leverage in trying to get the Swiss to finally sign off on an agreement governing ties, but Switzerland's foreign minister has said repeatedly The Swiss government has banned the trading of Swiss shares by EU-based banks and fund managers in retaliation to the EU’s withdrawal of its equivalence permit, which allowed Swiss traders to Raising the stakes Swiss stocks are collateral damage in a worsening trade row. Switzerland bans trading of its shares outside its borders in response to the EU’s strong-arm tactics
9 Jul 2019 When equivalence ended more than 300 Swiss shares were under MiFID II regulations, EU firms must trade shares on EU venues or 24 Jun 2019 Stock market equivalence is the recognition that Switzerland's regulations are as tough as the EU's own. The EU's equivalence agreement with 27 Jun 2019 European stock exchanges could suspend Swiss shares from trading Under equivalence, the EU recognises a non-EU country's financial 30 Jun 2019 Brussels refused to extend recognition of Swiss market regulation, turnover on Swiss stock markets, including holdings in heavyweights such 1 Jul 2019 The muted consequences to curtailing trading of Swiss shares in London and Talks between the EU and Switzerland over the myriad treaties that of stock market equivalence and Switzerland's countermeasures will have 1 Jul 2019 The equivalence permit lets Swiss and EU investors freely trade across each others' borders and Zurich is the fourth-largest for trading shares