Switzerland to repeal EU bourse curbs, making mergers easier

Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Posted By Global Banking and Finance Review

Posted on January 29, 2025

Switzerland to repeal EU bourse curbs, making mergers easier

ZURICH (Reuters) - Switzerland will on May 1 end measures that imposed a block on trading of Swiss shares on EU bourses, the government said on Wednesday, making potential cross-border mergers easier.

Switzerland introduced protections for its stock exchange in 2019 when the EU withdrew its recognition of regulatory equivalence for the Swiss exchange amid a row over bilateral trade talks.

The move blocked trading of Swiss shares on EU-based exchanges, so that this would have to take place on Swiss bourses. Switzerland and the EU reached a new trade deal in December after years of often difficult negotiations.

"As the EU has since revised the corresponding legal basis, the Swiss protective measure with respect to the EU is now no longer necessary and is to be deactivated for the benefit of Swiss companies," the Swiss government said in a statement.

"As a result, trading in Swiss equities on Swiss stock exchanges is no longer adversely affected by EU law," it added.

The protective measures recently came under renewed scrutiny in Switzerland when it emerged that they could complicate a potential $30 billion merger between Swiss firm SGS and French rival Bureau Veritas that was then under consideration.

SGS later abandoned the merger talks, though a person familiar with the matter said the stock market protections had not played a significant part in that decision.

(Writing by Rachel More and Dave Graham, Editing by Miranda Murray and Toby Chopra)

Recommended for you