On 3 February 2021, HM Treasury issued guidance confirming that its decision under the share trading obligation (STO) for Switzerland, which was laid before Parliament on 13 January 2021, is now in force. HM Treasury states that the decision means that UK firms can meet their obligations under the STO on BX Swiss AG and SIX Swiss Exchange AG. HM Treasury adds that Switzerland has also reciprocated by removing restrictions on UK trading venues. As a result, UK venues can register with The Swiss Financial Market Supervisory Authority (FINMA) in order to trade Swiss shares. FINMA has published guidance on this topic as well as an updated list of recognised trading venues.