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

¹ Swiss su­per­vis­ory bod­ies for vari­ous trad­ing ven­ues shall reg­u­late the free, re­cip­roc­al ex­change of trad­ing data by agree­ment, provided that on the trad­ing ven­ues in ques­tion:

a.

identic­al se­cur­it­ies are ad­mit­ted to trad­ing; or

b.

se­cur­it­ies are ad­mit­ted to trad­ing which in­flu­ence the pri­cing of se­cur­it­ies that are ad­mit­ted to trad­ing on the oth­er trad­ing ven­ue.

² They shall use the data re­ceived solely to carry out their re­spect­ive tasks.

³ Swiss trad­ing su­per­vis­ory bod­ies may agree to the re­cip­roc­al ex­change of in­form­a­tion with for­eign trad­ing su­per­vis­ory bod­ies, provided that:

a.

the con­di­tions set out in para­graph 1 are ful­filled; and

b.

the for­eign trad­ing su­per­vis­ory body in ques­tion is sub­ject to a leg­al duty of con­fid­en­ti­al­ity.