As indicated in the letter from the President of the European Commission, Jean-Claude Juncker, on 11 June, the College of Commissioners will take stock, on Tuesday 18 June, of the latest discussions with Switzerland on the fate of the draft institutional framework agreement (see EUROPE 12272/18). But the college should not yet take a decision on the fate of the stock exchange equivalence, the institution said on 17 June.
The discussions with the Swiss side would not yet be mature and would not have reached a stage considered sufficient by the Commission to be able to decide on the renewal of the equivalence for the Swiss stock exchange, which expires on 30 June.
From a formal point of view, both parties still have until Friday 21 June to complete the clarifications that the Swiss side requested in Brussels and that the Commission has expressed its readiness to provide to Switzerland. These include measures to protect Swiss workers, state aid rules and the European Citizenship Directive, which the EU would like Switzerland to adopt.
"Not deciding this Tuesday does not mean that this equivalence will not be granted", one source qualified, but the possibility of doing so is diminishing, as the current equivalence expires on 30 June, so it takes some formal time to decide on an extension, naturally if it were granted to Berne, should the Commission consider that there has been sufficient progress. (Original version in French by Solenn Paulic)