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

¹Sub­ject to the pro­vi­sions set out be­low, this chapter ap­plies to fin­an­cial and non-fin­an­cial coun­ter­parties which have their re­gistered of­fice in Switzer­land.

²The term fin­an­cial coun­ter­parties means:

a.

banks in ac­cord­ance with Art­icle 1 para­graph 1 of the Bank­ing Act of 8 Novem­ber 1934¹;

b.

se­cur­it­ies deal­ers in ac­cord­ance with Art­icle 2 let­ter d of the Stock Ex­change Act of 24 March 1995²;

c.

in­sur­ance and re­in­sur­ance com­pan­ies in ac­cord­ance with Art­icle 2 para­graph 1 let­ter a of the Fed­er­al Act of 17 Decem­ber 2004³ on the Su­per­vi­sion of In­sur­ance Com­pan­ies;

d.

par­ent com­pan­ies of a fin­an­cial or in­sur­ance group or fin­an­cial or in­sur­ance con­glom­er­ate;

e.

fund man­age­ment com­pan­ies and as­set man­agers of col­lect­ive in­vest­ment schemes in ac­cord­ance with Art­icle 13 para­graph 2 let­ters a and f of the Col­lect­ive In­vest­ment Schemes Act of 23 June 2006⁴;

f.

col­lect­ive in­vest­ment schemes in ac­cord­ance with the Col­lect­ive In­vest­ment Schemes Act;

g.

oc­cu­pa­tion­al pen­sion schemes and in­vest­ment found­a­tions in ac­cord­ance with Art­icles 48 to 53k of the Fed­er­al Act of 25 June 1982⁵ on Oc­cu­pa­tion­al Old Age, Sur­viv­ors' and In­valid­ity Pen­sion Pro­vi­sion.

³Non-fin­an­cial coun­ter­parties are com­pan­ies that are not fin­an­cial coun­ter­parties.

⁴The fol­low­ing es­tab­lish­ments shall be sub­ject only to the re­port­ing duty in ac­cord­ance with Art­icle 104:

a.

mul­ti­lat­er­al de­vel­op­ment banks;

b.

or­gan­isa­tions, in­clud­ing so­cial se­cur­ity in­sti­tu­tions, be­long­ing to the Con­fed­er­a­tion, can­tons or com­munes or for which the Con­fed­er­a­tion, can­ton or com­mune in ques­tion is li­able and provided that they are not fin­an­cial coun­ter­parties.

⁵The Fed­er­al Coun­cil may sub­ject Swiss branches of for­eign fin­an­cial mar­ket par­ti­cipants to the pro­vi­sions of this chapter if they are not sub­ject to any equi­val­ent reg­u­la­tions.