Switzerland to Remove EU from Stock Exchange Protection List

In a significant move, Switzerland's Federal Council has declared that the European Union will no longer be on the stock exchange protection list starting May 1, 2025. This decision comes after the protective measure was initially implemented in 2019 to safeguard the Swiss stock exchange infrastructure from the EU's non-recognition of the equivalence of Switzerland's stock exchange regulations.

With the EU adjusting its legal basis in the spring of 2024, the protective measure has been deemed unnecessary. This change is anticipated to have a positive impact on Swiss businesses, offering them a more favorable environment for growth and operations.

The Federal Council emphasized Switzerland's ongoing commitment to seeking recognition of equivalence and striving for improved market access for financial service providers through regulatory dialogue with the EU.