WORLD TRADE
ORGANIZATIONS/C/N/70
29 April 1998
(98-1723)
Council for Trade in Services Original:  French
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The attached notification has been submitted to the Council for Trade in Services by
Switzerland pursuant to its obligations unde r paragraph 3 of Article III of the GATS.S/C/N/70
Page 2
NOTIFICATION
1. Member(s) notifying.  If applicable the sub-central government or authority or non-
governmental bodies involved should be specified.
SWITZERLAND
/g120 Federal measure
/g168 Measure taken by the following canton(s):
/g168 Measure taken by:
2. Notification under Article(s):
/g120 GATS Article III, paragraph 3 (Transparency)
/g168 GATS Article VII, paragraph 4 (Recognition)
3. Date of entry into force: Duration:
1 February 1997 Indeterminate
4. Agency responsible for enforcement of the measure:
Federal Banking Commission
5. Complete description of the measure1 indicating the modes of supply covered, the effect on
trade in services (e.g., restrictions/liberalization measures) and the impact of the measure oncommitments in the Member's schedule and Article II (MFN) exemption list, if relevant:
Measure: Federal Law on Stock Exchanges and Securities Trading (RS.954.1)
Description: Regulation of the conditions for establishment and exercise of stock
exchange activity, securities trading, advertising shareholdings in listed
companies and takeover bids.
6. Members specifically affected, if any:  None
7. Text available from:
/g120 Office central fédéral des imprimés et du matériel (OCFIM), 3003 Berne
Tel: ++ 41 31 322 39 51,  Fax:  ++ 41 31 322 39 75
/g168 Other sources (address, fax and telephone of other body)
                                                     
1 Including international agreements, recognition measures or other types.S/C/N/70
Page 3
NOTIFICATION
1. Member(s) notifying.  If applicable the sub-central government or authority or non-
governmental bodies involved should be specified.
SWITZERLAND
/g120 Federal measure
/g168 Measure taken by the following canton(s):
/g168 Measure taken by:
2. Notification under Article(s):
/g120 GATS Article III, paragraph 3 (Transparency)
/g168 GATS Article VII, paragraph 4 (Recognition)
3. Date of entry into force: Duration:
1 February 1997 Indeterminate
4. Agency responsible for enforcement of the measure:
Federal Banking Commission
5. Complete description of the measure1 indicating the modes of supply covered, the effect on
trade in services (e.g., restrictions/liberalization measures) and the impact of the measure oncommitments in the Member's schedule and Article II (MFN) exemption list, if relevant:
Measure: Ordinance on Stock Exchange s and Securities Trading (RS.954.11),
adopted by the Federal Council on 2 December 1996.
Description: General implementing ordinance under the Federal Law on stock
exchanges and securities trading.  Conditions for authorization and
provisions concerning the organization of stock exchanges.  Conditions for
granting of authorization to work as a securities dealer, henceforth subject
to supervision.
6. Members specifically affected, if any:  None
7. Text available from:
/g120 Office central fédéral des imprimés et du matériel (OCFIM), 3003 Berne
Tel: ++ 41 31 322 39 51,  Fax:  ++ 41 31 322 39 75
/g168 Other sources (address, fax and telephone of other body)
                                                     
1 Including international agreements, recognition measures or other types.S/C/N/70
Page 4
NOTIFICATION
1. Member(s) notifying.  If applicable the sub-central government or authority or non-
governmental bodies involved should be specified.
SWITZERLAND
/g120 Federal measure
/g168 Measure taken by the following canton(s):
/g168 Measure taken by:
2. Notification under Article(s):
/g120 GATS Article III, paragraph 3 (Transparency)
/g168 GATS Article VII, paragraph 4 (Recognition)
3. Date of entry into force: Duration:
1 February 1997 Indeterminate
4. Agency responsible for enforcement of the measure:
Federal Banking Commission
5. Complete description of the measure1 indicating the modes of supply covered, the effect on
trade in services (e.g., restrictions/liberalization measures) and the impact of the measure oncommitments in the Member's schedule and Article II (MFN) exemption list, if relevant:
Measure: Ordinances of the Federal Ba nking Commission on stock exchanges and
securities trading.
Description: Conditions to be observed by securities dealers in connection with entries
in their journal, the compulsory declaration of transactions effected and theaudit report.
6. Members specifically affected, if any:  None
7. Text available from:
/g120 Office central fédéral des imprimés et du matériel (OCFIM), 3003 Berne
Tel: ++ 41 31 322 39 51,  Fax:  ++ 41 31 322 39 75
/g168 Other sources (address, fax and telephone of other body)
__________
                                                     
1 Including international agreements, recognition measures or other types.