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

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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.

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