Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 23 Non-discretionary rules

(Art. 26 and 42 FMIA)

Rules are deemed to be non-dis­cre­tion­ary if they grant the trad­ing ven­ue or the op­er­at­or of an or­gan­ised trad­ing fa­cil­ity no dis­cre­tion in the am­al­gam­a­tion of of­fers.

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