STRASBOURG—The European Commission decided Dec. 11 to offer Switzerland six additional months to agree on a new treaty that will govern the country’s future relations with the European Union, two EU sources told Reuters.
The political decision, to be formalized after talks with EU leaders in Brussels this week, would allow Swiss stock exchanges to maintain access to EU clients until the end of June, under a temporary extension of the “equivalence” regime that permits foreign financial firms to operate in the 28-nation bloc.
