Which venue qualifies a Swiss security for having a Transaction Report submitted?

Which venue qualifies a Swiss security for having a Transaction Report submitted?

• A. Swiss trading venues only
• B. Swiss trading venues or FINMA-recognised foreign venues
• C. Foreign trading venues only
• D. Any venue including unrecognised ones

Answer: (B)

Transaction reporting applies to trades in Swiss securities whenever the trade takes place on a venue that FINMA recognises for regulatory purposes. This includes Swiss trading venues and foreign venues that FINMA has recognised as equivalent. The system is designed to cover both domestic platforms and international ones that meet Switzerland’s regulatory standards, ensuring complete visibility of trades. Foreign venues that aren’t FINMA-recognised, or trades on unrecognised venues, aren’t automatically reportable under this rule. So, the correct understanding is that a Swiss security qualifies for a Transaction Report when it's traded on Swiss venues or FINMA-recognised foreign venues.

Transaction reporting applies to trades in Swiss securities whenever the trade takes place on a venue that FINMA recognises for regulatory purposes. This includes Swiss trading venues and foreign venues that FINMA has recognised as equivalent. The system is designed to cover both domestic platforms and international ones that meet Switzerland’s regulatory standards, ensuring complete visibility of trades. Foreign venues that aren’t FINMA-recognised, or trades on unrecognised venues, aren’t automatically reportable under this rule. So, the correct understanding is that a Swiss security qualifies for a Transaction Report when it's traded on Swiss venues or FINMA-recognised foreign venues.