FINMA shall grant recognition on request if the foreign trading venue:
is subject to appropriate regulation and supervision; and
does not have its registered office in a jurisdiction that restricts its market participants in trading equity securities of companies with their registered office in Switzerland on Swiss trading venues and thereby significantly adversely affects the trading in such equity securities on Swiss trading venues.
FINMA may also grant recognition to a foreign trading venue without being requested to do so if that foreign trading venue fulfils the conditions in paragraph 1.
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