Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)

¹ Fin­an­cial mar­ket in­fra­struc­tures with au­thor­isa­tion or re­cog­ni­tion at the time this Act comes in­to force must sub­mit a new re­quest for au­thor­isa­tion or re­cog­ni­tion with­in one year of this Act com­ing in­to force. The au­thor­isa­tion or re­cog­ni­tion pro­ced­ure shall be lim­ited to ex­am­in­a­tion of the new re­quire­ments. The fin­an­cial mar­ket in­fra­struc­tures may con­tin­ue their activ­ity un­til the de­cision on their re­quest is is­sued.

² Fin­an­cial mar­ket in­fra­struc­tures which are now sub­ject to this Act shall re­port to FINMA with­in six months of this Act com­ing in­to force. With­in one year of its com­ing in­to force, they must sat­is­fy the re­quire­ments of this Act and sub­mit an au­thor­isa­tion or re­cog­ni­tion re­quest to FINMA. They may con­tin­ue their activ­ity un­til the au­thor­isa­tion or re­cog­ni­tion de­cision is is­sued.

³ In spe­cial cases, FINMA may ex­tend the dead­lines set out in para­graphs 1 and 2.