Ordinance
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Ordinance, FinMIO)

(Art. 24 Fin­MIA)

¹ The re­cov­ery plan and the res­ol­u­tion plan must take in­to ac­count the reg­u­la­tions of for­eign su­per­vis­ory au­thor­it­ies and cent­ral banks for sta­bil­isa­tion, re­struc­tur­ing and wind­ing-up.

² The re­cov­ery plan shall in par­tic­u­lar de­scribe the meas­ures to be taken and the re­sources re­quired for their im­ple­ment­a­tion. It must be ap­proved by the body re­spons­ible for gov­ernance, su­per­vi­sion and con­trol.

³ The fin­an­cial mar­ket in­fra­struc­ture shall de­scribe, upon sub­mis­sion of the plan, what meas­ures it is pre­par­ing or has already im­ple­men­ted to im­prove its resolv­ab­il­ity both in Switzer­land and abroad (Art. 21).

⁴ It shall sub­mit to FINMA an­nu­ally, and by the end of the second quarter of the year, the re­cov­ery plan and the in­form­a­tion re­quired for the res­ol­u­tion plan. The same doc­u­ments should also be sub­mit­ted if changes make a re­work­ing ne­ces­sary or if FINMA de­mands such a sub­mis­sion.

⁵ FINMA shall grant the fin­an­cial mar­ket in­fra­struc­ture an ap­pro­pri­ate peri­od for the pre­par­at­ory im­ple­ment­a­tion of the meas­ures en­vis­aged in the res­ol­u­tion plan.