See here for an interesting article on Swissinfo.ch by Paula Dupraz-Dobias on the adoption of rules within Switzerland that are similar to those implemented in the EU, in particular EMIR and MiFID II.

The article talks about the Swiss Financial Market Infrastructure Act (FMIA), also known as “FinFrag”, which is equivalent to EMIR. The introduction of rules would appear to have been welcomed by many in Switzerland, according to the article, as it adds recognition and equivalence within Switzerland.

The article also talks about the position limits part of MiFID II, and mentions that the Swiss Parliament has passed legislation which permits the imposition of position limits in certain cases. At the same time it appears that the full MiFID II position regime will not necessarily be applied.. There is less mention of the possibility of “full” MiFID II being applied to commodity and energy traders in the same way as that being proposed in Europe.

There is also an equivalent of REMIT in Switzerland being run by ElCom, the regulator. Full details can be found here.