diff --git a/crates/wasmparser/src/validator/operators.rs b/crates/wasmparser/src/validator/operators.rs
index 5dc7ce054e..3d7ad79e7b 100644
--- a/crates/wasmparser/src/validator/operators.rs
+++ b/crates/wasmparser/src/validator/operators.rs
@@ -1911,10 +1911,21 @@ where
                 }
                 Handle::OnSwitch { tag } => {
                     let tag_ty = self.tag_at(tag)?;
-                    if !self.is_func_subtype(
+                    // The tag's type must be *equivalent* to (not merely a
+                    // subtype of) `[] -> [old results]`: the handler judgment
+                    // has no subsumption rule, so `(on tu switch) : t*` together
+                    // with the required `hdl : t2*` forces `t* = t2*`. Checking
+                    // subtyping in both directions gives equivalence, and also
+                    // pins the tag to zero parameters (via the param-length
+                    // check inside `is_func_subtype`).
+                    let tag_matches = self.is_func_subtype(
                         (tag_ty.params(), tag_ty.results()),
                         (&[], old_func_ty.results()),
-                    ) {
+                    ) && self.is_func_subtype(
+                        (&[], old_func_ty.results()),
+                        (tag_ty.params(), tag_ty.results()),
+                    );
+                    if !tag_matches {
                         bail!(
                             self.offset,
                             "type mismatch: switch tag does not match continuation"
diff --git a/tests/cli/stack-switching/validate-switch-label.wast b/tests/cli/stack-switching/validate-switch-label.wast
index 74917b7512..3ee47c7b80 100644
--- a/tests/cli/stack-switching/validate-switch-label.wast
+++ b/tests/cli/stack-switching/validate-switch-label.wast
@@ -83,11 +83,32 @@
   )
   "type mismatch: switch tag does not match continuation")
 
+;; The switch tag's results must be *equivalent* to the continuation's results,
+;; not merely a subtype. Here the tag results `[nullfuncref]` are a strict
+;; subtype of the continuation results `[funcref]`, so this must be rejected.
+(assert_invalid
+  (module
+    (type $ft (func (result funcref)))
+    (type $ct (cont $ft))
+
+    (type $tag_ft (func (result nullfuncref)))
+    (tag $t (type $tag_ft))
+
+    (func
+      block $label
+        (resume $ct (on $t switch) (ref.null $ct))
+        unreachable
+      end
+    )
+  )
+  "type mismatch: switch tag does not match continuation")
+
+;; Equivalent reference-type results (both `[funcref]`) are accepted.
 (module
   (type $ft (func (result funcref)))
   (type $ct (cont $ft))
 
-  (type $tag_ft (func (result nullfuncref)))
+  (type $tag_ft (func (result funcref)))
   (tag $t (type $tag_ft))
 
   (func
diff --git a/tests/snapshots/cli/stack-switching/validate-switch-label.wast.json b/tests/snapshots/cli/stack-switching/validate-switch-label.wast.json
index ed496e7cfe..db59137f2c 100644
--- a/tests/snapshots/cli/stack-switching/validate-switch-label.wast.json
+++ b/tests/snapshots/cli/stack-switching/validate-switch-label.wast.json
@@ -36,9 +36,16 @@
       "text": "type mismatch: switch tag does not match continuation"
     },
     {
-      "type": "module",
-      "line": 86,
+      "type": "assert_invalid",
+      "line": 90,
       "filename": "validate-switch-label.5.wasm",
+      "module_type": "binary",
+      "text": "type mismatch: switch tag does not match continuation"
+    },
+    {
+      "type": "module",
+      "line": 107,
+      "filename": "validate-switch-label.6.wasm",
       "module_type": "binary"
     }
   ]
diff --git a/tests/snapshots/cli/stack-switching/validate-switch-label.wast/5.print b/tests/snapshots/cli/stack-switching/validate-switch-label.wast/6.print
similarity index 68%
rename from tests/snapshots/cli/stack-switching/validate-switch-label.wast/5.print
rename to tests/snapshots/cli/stack-switching/validate-switch-label.wast/6.print
index 3a71bb73e7..210c1a057a 100644
--- a/tests/snapshots/cli/stack-switching/validate-switch-label.wast/5.print
+++ b/tests/snapshots/cli/stack-switching/validate-switch-label.wast/6.print
@@ -1,9 +1,9 @@
 (module
   (type $ft (;0;) (func (result funcref)))
   (type $ct (;1;) (cont $ft))
-  (type $tag_ft (;2;) (func (result nullfuncref)))
+  (type $tag_ft (;2;) (func (result funcref)))
   (type (;3;) (func))
-  (tag $t (;0;) (type $tag_ft) (result nullfuncref))
+  (tag $t (;0;) (type $tag_ft) (result funcref))
   (func (;0;) (type 3)
     block $label
       ref.null $ct