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Securities dealing in Switzerland is only possible with authorisation from the Swiss Financial Market Supervisory Authority
(FINMA) , and
is therefore subject to the provisions of the
Federal Act on Stock Exchanges and Securities Trading (SESTA)[pdf]. In
accordance with Article 15 SESTA, securities dealers are thus obliged to report all on- and
off-order book trades in securities that are approved for trading on the SIX Swiss Exchange and/or Scoach Switzerland.
Foreign exchange participants
Foreign banks and brokers (remote member) - including all participants of SIX Swiss Exchange and/or
Scoach Switzerland who are not domiciled in Switzerland - are subject to the
reporting requirement.
Fundamental transparency
The reporting requirement guarantees transparency in relation to securities trading.
In accordance with Article 5 paragraph 3 SESTA, the Exchange undertakes to disclose all necessary
information to this effect.
Further information
The Rule Book of SIX Swiss Exchange
and Scoach Switzerland articulate the basic principles behind
the reporting requirement. For further information, please also refer to:
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