What is SIX Swiss Exchange's legal form and regulatory status as described in the material?

What is SIX Swiss Exchange's legal form and regulatory status as described in the material?

• A. Corporation; government-regulated
• B. Aktiengesellschaft; self-regulatory
• C. Limited liability company; privately held
• D. Cooperative association; market operator

Answer: (B)

The key idea here is the legal form and how it is regulated. SIX Swiss Exchange is described as an Aktiengesellschaft, the Swiss term for a joint-stock company, meaning it is a separate legal entity with its own share capital. It also has self-regulatory responsibilities for market activity, enforcing its own rules and supervising participants through its internal regulatory functions under FINMA’s overall supervision. This combination shows a private-sector market operator that governs itself rather than being directly run by the government. The other options don’t fit: a government-regulated body would imply direct state control; a limited liability company corresponds to a different Swiss structure (GmbH) with different governance; and a cooperative association isn’t how a national exchange is typically organized.

The key idea here is the legal form and how it is regulated. SIX Swiss Exchange is described as an Aktiengesellschaft, the Swiss term for a joint-stock company, meaning it is a separate legal entity with its own share capital. It also has self-regulatory responsibilities for market activity, enforcing its own rules and supervising participants through its internal regulatory functions under FINMA’s overall supervision. This combination shows a private-sector market operator that governs itself rather than being directly run by the government. The other options don’t fit: a government-regulated body would imply direct state control; a limited liability company corresponds to a different Swiss structure (GmbH) with different governance; and a cooperative association isn’t how a national exchange is typically organized.