01/07/2019 (Agence Europe) – As expected, the European Commission has allowed the equivalence for the Swiss stock exchange to expire on Sunday 30 June, which means that from Monday 1 July, EU investors wishing to operate on the Swiss stock market could find themselves in breach of European rules on the terms of the share trading obligation. Switzerland has put in place countermeasures to protect itself from these effects. On Monday 1 July, the Commission recalled that it had remained “open throughout the discussions with our Swiss partners. However, at this stage, there is no indication that our Swiss partners intend to move forward with the institutional framework agreement, which aims to give relations between the European Union and Switzerland a solid and lasting basis. Consequently, there was no justification for the Commission to renew the Swiss equivalence decision, which expired on 30 June 2019”. (SP)