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. 18 Fair and open access

1A fin­an­cial mar­ket in­fra­struc­ture shall en­sure fair and open ac­cess to its ser­vices.

2It may re­strict ac­cess to its ser­vices:

a.
if this in­creases safety or ef­fi­ciency and this ef­fect can­not be achieved with oth­er meas­ures; or
b.
if the fea­tures of the po­ten­tial par­ti­cipant could jeop­ard­ise the busi­ness op­er­a­tions of the fin­an­cial mar­ket in­fra­struc­ture or its par­ti­cipants.
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