- The Swiss government has drawn up measures that it says will help protect the domestic stock market should the European Union seek to block EU-based investors from trading on Swiss exchanges in a row over a new treaty.
Frustrated by the lack of progress in treaty talks, the EU has said it will not recognize the equivalency of Swiss stock market regulation beyond the end of June, which would mean EU-based banks and brokers can’t trade on Swiss exchanges. They now generate more than half the turnover on Swiss stock markets.
Here are provisions of the ordinance the Swiss unveiled on Nov. 30 and set to take force when EU sanctions kick in:Foreign trading venues, including stock exchanges and multilateral trading facilities. Switzerland will let them host trading in Swiss-registered companies only if the foreign venues’ regulations do not crimp trading of Swiss stocks in Switzerland.