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

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.

of 25 November 2015 (Status as of 1 August 2021)

Art. 7 Place of management

(Art. 8 paras. 1 and 2 Fin­MIA)

1 The fin­an­cial mar­ket in­fra­struc­ture must ef­fect­ively be man­aged from Switzer­land. An ex­cep­tion is made here for gen­er­al dir­ect­ives and de­cisions with­in the con­text of group su­per­vi­sion if the fin­an­cial mar­ket in­fra­struc­ture forms part of a fin­an­cial group that is sub­ject to ap­pro­pri­ate con­sol­id­ated su­per­vi­sion by a for­eign fin­an­cial mar­ket su­per­vis­ory au­thor­ity.

2 The per­sons en­trus­ted with man­aging the fin­an­cial mar­ket in­fra­struc­ture must be res­id­ent in a place from which they can ef­fect­ively ex­er­cise such man­age­ment.