UK to lift Swiss share-trading ban after Brexit


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The UK is set to ban trading in Swiss shares after its exit The European Union.

According to the spokesperson, if the Treasury plans to enact legislation in the coming days for lawmakers that will be approved after three weeks. The story was earlier Reported by the Financial Times.

The spokesman said, “Once the Swiss State Secretariat for International Financial Affairs has indicated that they will lift the ban on UK trading places.”

The move is expected. In September, the UK confirmed that it would introduce legislation as soon as its equivalent powers came into force. Exchange operator Kobe Europe has said that it plans to resume Swiss listed securities in the UK after British and Swiss mutual recognition is implemented.

Britain will do little to allow Swiss shares to trade to overcome the exodus of EU shares after Brexit. London’s three largest locations handling European shares saw almost all trading in the European Union on the first day of trading, when the UK completed its exit from the block on 31 December.

Read more: Brexit push most UK stock trading off top UK spot

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