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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.

Art. 4 Authorisation application

(Art. 8 para. 2 FMIA)

1The fin­an­cial mar­ket in­fra­struc­ture must de­scribe its area of busi­ness in fac­tu­ally and geo­graph­ic­ally pre­cise terms in the art­icles of as­so­ci­ation, part­ner­ship agree­ments or reg­u­la­tions.

2The busi­ness area and its geo­graph­ic­al ex­tent must be in har­mony with the fin­an­cial mar­ket in­fra­struc­ture's fin­an­cial cap­ab­il­it­ies and ad­min­is­trat­ive or­gan­isa­tion.

2It may only re­port any changes in its art­icles of as­so­ci­ation to the com­mer­cial re­gister and put any changes in reg­u­la­tions in­to ef­fect fol­low­ing FINMA's ap­prov­al of the changes in ques­tion.