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

The Fed­er­al Coun­cil may define spe­cif­ic du­ties for pay­ment sys­tems, namely in terms of cap­it­al ad­equacy, risk di­ver­si­fic­a­tion and li­quid­ity, if this is ne­ces­sary for im­ple­ment­ing re­cog­nised in­ter­na­tion­al stand­ards. The com­pet­ence of the SNB to spe­cify spe­cial re­quire­ments for sys­tem­ic­ally im­port­ant pay­ment sys­tems by vir­tue of Art­icle 23 is re­served.