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Article 72ZA Swiss mutual recognition firmsF1

(1)

There is excluded from articles 14, 21, 25, 37, 40, 53(1) and 64 any activity carried on by a registered Swiss supplier, to the extent that the activity is being carried on—

(a)

to provide a registered service to the relevant clients and in relation to the relevant financial instruments specified in the entry for that registered Swiss supplier in the register, and

(b)

by the registered Swiss supplier from Switzerland.

(2)

In paragraph (1)—

  • “register” is the register maintained by the FCA in accordance with regulation 8 of the Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (the “Switzerland Regulations”);

  • “registered service” has the same meaning as in Part 1 of the Switzerland Regulations;

  • “registered Swiss supplier” has the same meaning as in Part 1 of the Switzerland Regulations;

  • “relevant client” has the same meaning as in Part 4 of the Switzerland Regulations;

  • “relevant financial instrument” has the same meaning as in Part 4 of the Switzerland Regulations.

Annotations

Textual amendments

F1

Art. 72ZA inserted (1.1.2026) by The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (S.I. 2025/1145), regs. 1(2), 20(2)