Federal Law - Stock Exchanges/Trading In Securities - 7. Foreign Countries

7: Relationship to Foreign Countries

Art. 37 Admission of foreign stock exchanges and security dealers

A license may be denied to a foreign or foreign-controlled stock exchange if the countries, in which the foreign stock exchange has its registered office or where the controlling persons are domiciled, do not offer to Swiss stock exchanges any effective access to their markets and the same possibilities of competition as the domestic stock exchanges. The same rule applies to the granting of licenses to security dealers.

Art. 38 Administrative legal assistance

1 In the implementation of this law, the Supervisory Authority may request information and documents from foreign supervisory authorities concerning stock exchanges and security dealers.