Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 115 Intra-group transactions

The duty to trade in ac­cord­ance with Art­icle 112 does not ap­ply if:

a.
the two coun­ter­parties are in­cluded in the same full con­sol­id­a­tion basis;
b.
the two coun­ter­parties are sub­ject to ap­pro­pri­ate cent­ral­ised risk eval­u­ation, meas­ure­ment and con­trol pro­ced­ures; and
c.
the trans­ac­tions do not aim to cir­cum­vent the duty.
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