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The Markets in Financial Instruments (Switzerland Equivalence) Regulations 2021
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- 2021 No. 28
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Citation and commencement
1.—(1) These Regulations may be called the Markets in Financial Instruments (Switzerland Equivalence) Regulations 2021.
(2) These Regulations come into force on 3rd February 2021.
Equivalence
2.—(1) The Treasury, having considered that the legal and supervisory framework of Switzerland satisfies the requirements of Article 23(4)(1) of, and paragraph 8 of Schedule 3(2) to, MiFIR, specify that the venues listed in paragraph (2) are third-country trading venues assessed as equivalent for the purposes of Article 23(1)(3) of MiFIR.
(2) The venues for the purposes of paragraph (1) are—
(a)BX Swiss AG; and
(b)SIX Swiss Exchange AG.
(3) In this regulation—
“MiFIR” means Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.
David Rutley
Michael Tomlinson
Two of the Lords Commissioners of Her Majesty’s Treasury
12th January 2021
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