In its policy for a future-proof Swiss financial centre, the Federal Council identified equivalence procedures as an important element for maintaining and improving market access for Swiss providers in the EU area. To this end, recognition of the equivalence of Swiss financial market regulation should be achieved with the EU where this makes economic sense.
Policy for a future-proof Swiss financial centre
In recent years, various equivalence decisions have been adopted by the EU in recognition of the Swiss legal framework, particularly in the following areas:
- Recognition of Swiss central counterparty regulation (2015)
- Recognition of the equivalence of Swiss rules for the solvency of insurance companies (2015)
The State Secretariat for International Finance (SIF) is committed to the rapid initiation and conclusion of further equivalence procedures especially in the following areas:
Recognition of Swiss trading venues (stock market equivalence) [1], following the EU's decision not to extend stock market equivalence for Switzerland beyond June 2019 [2]
- Recognition of Swiss derivatives regulation [3]
- Extension of the EU passport for alternative investment fund managers to third countries [4]
- Procedure for cross-border transactions with professional investors [5]