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

¹ FINMA shall grant re­cog­ni­tion on re­quest if the for­eign trad­ing ven­ue:

a.

is sub­ject to ap­pro­pri­ate reg­u­la­tion and su­per­vi­sion; and

b.

does not have its re­gistered of­fice in a jur­is­dic­tion that re­stricts its mar­ket par­ti­cipants in trad­ing equity se­cur­it­ies of com­pan­ies with their re­gistered of­fice in Switzer­land on Swiss trad­ing ven­ues and thereby sig­ni­fic­antly ad­versely af­fects the trad­ing in such equity se­cur­it­ies on Swiss trad­ing ven­ues.

² FINMA may also grant re­cog­ni­tion to a for­eign trad­ing ven­ue without be­ing re­ques­ted to do so if that for­eign trad­ing ven­ue ful­fils the con­di­tions in para­graph 1.