For which venues must a Transaction Report be submitted for Swiss securities?

For which venues must a Transaction Report be submitted for Swiss securities?

• A. Only Swiss trading venues
• B. Only foreign trading venues
• C. Swiss trading venues or FINMA-recognised foreign venues
• D. All venues including non-recognised venues

Answer: (C)

The reporting requirement covers trades in Swiss securities that happen on Swiss trading venues or on foreign venues that FINMA has recognised for reporting. This recognition ensures that transactions across both domestic markets and approved international venues are captured consistently, providing a complete picture of Swiss securities activity. Foreign venues that are not FINMA-recognised aren’t included in this obligation, which is why the correct understanding is that the report must be submitted for Swiss venues or FINMA-recognised foreign venues.

The reporting requirement covers trades in Swiss securities that happen on Swiss trading venues or on foreign venues that FINMA has recognised for reporting. This recognition ensures that transactions across both domestic markets and approved international venues are captured consistently, providing a complete picture of Swiss securities activity. Foreign venues that are not FINMA-recognised aren’t included in this obligation, which is why the correct understanding is that the report must be submitted for Swiss venues or FINMA-recognised foreign venues.