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. 53 Principles for the custody, recording and transfer of securities

(Art. 62 FMIA)

Cent­ral se­cur­it­ies de­pos­it­or­ies that use a com­mon set­tle­ment in­fra­struc­ture shall es­tab­lish identic­al times for:

a.
the entry of pay­ment and trans­fer or­ders in­to the sys­tem of the com­mon set­tle­ment in­fra­struc­ture;
b.
the ir­re­voc­ab­il­ity of pay­ment and trans­fer or­ders.
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