Measure to protect Swiss stock exchange infrastructure
According to the EU share trading obligation, EU investment firms can in principle trade Swiss shares on Swiss trading venues only if the EU has recognised the equivalence of the Swiss trading venues. The EU granted Switzerland stock market equivalence only until the end of June 2019, but did not extend it beyond that date. Switzerland subsequently activated the measure to protect its stock exchange infrastructure (protective measure). As the EU still did not recognise the equivalence of Swiss stock exchange regulation, the safeguard measure was transferred to ordinary law on 1 January 2024.