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. 112 Duty

1Coun­ter­parties must trade all de­riv­at­ives in ac­cord­ance with Art­icle 113 via:

a.
a trad­ing ven­ue that is au­thor­ised or re­cog­nised by FINMA; or
b.
the op­er­at­or of an or­gan­ised trad­ing fa­cil­ity that is au­thor­ised or re­cog­nised by FINMA.

2This duty does not ap­ply to trans­ac­tions with small coun­ter­parties or for trans­ac­tions between such coun­ter­parties.

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