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


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Art. 62 Principles for the custody, recording and transfer of securities

1 The cent­ral se­cur­it­ies de­pos­it­ory shall en­sure the prop­er and law­ful cus­tody, re­cord­ing and trans­fer of se­cur­it­ies.

2 It shall pro­hib­it its par­ti­cipants from over­draw­ing their se­cur­it­ies ac­counts for se­cur­it­ies held in cent­ral cus­tody with it.

3 It shall check on a daily basis wheth­er the num­ber of an is­suer's se­cur­it­ies is­sued with it is equal to the num­ber of se­cur­it­ies re­cor­ded in the par­ti­cipants' se­cur­it­ies ac­counts.

4 It shall spe­cify the time:

a.
after which a se­cur­it­ies trans­fer or­der is ir­re­voc­able and may no longer be changed;
b.
when a se­cur­it­ies trans­fer is settled.

5 It shall trans­fer se­cur­it­ies in real time if pos­sible, but at the latest at the end of the value day.

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