Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives TradingEnglish is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.The amendment of other legislative instruments is set out in Annex 1. 2The Federal Department of Home Affairs may extend the timeframe set out in this paragraph 1 in order to take account of recognised international standards and foreign legal developments. 1 Amended by No I of the O of 5 July 2017, in force since 1 Aug. 2017 (AS 2017 3715). 3The duty to exchange collateral in accordance with Article 110 of the FinMIA applies only to derivatives transactions concluded after the duties under paragraphs 4 and 5bis have entered into force.1 4The duty to exchange variation margins shall apply:
5The duty to exchange initial margins shall apply for counterparties whose aggregated month-end average gross position of non-centrally-cleared OTC derivatives at group or financial or insurance group level:
6FINMA may extend the timeframes set out in this Article in order to take account of recognised international standards and foreign legal developments. 1 Amended by No I of the O of 5 July 2017, in force since 1 Aug. 2017 (AS 2017 3715). |