Federal Act
|
Art. 24 Recovery and resolution plan
1 A systemically important financial market infrastructure shall draw up a recovery plan that sets out the measures it will use to ensure its stability on a sustainable basis in the event of a crisis and be able to maintain its systemically important business processes. 2 FINMA shall draw up a resolution plan that describes how the restructuring or winding-up of a systemically important financial market infrastructure that it has ordered can be carried out. It shall consult the SNB about the resolution plan. 3 A financial market infrastructure shall provide FINMA with the recovery plan and the information necessary for drawing up a resolution plan. 4 It shall implement the resolution plan measures in a preparatory manner if this is necessary for the uninterrupted maintenance of systemically important business processes. |