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

(Art. 142 para. 2 and 143 para. 2 Fin­MIA)

¹ The fol­low­ing se­cur­it­ies trans­ac­tions are per­miss­ible even if they fall un­der Art­icle 142 para­graph 1 let­ter a and Art­icle 143 para­graph 1 Fin­MIA:

a.

se­cur­it­ies trans­ac­tions to im­ple­ment an own de­cision to carry out a se­cur­it­ies trans­ac­tion, in par­tic­u­lar the pur­chase of se­cur­it­ies of the tar­get com­pany by the po­ten­tial of­fer­or with re­gard to the pub­lic­a­tion of a pub­lic takeover of­fer, provided the de­cision was not taken on the basis of in­sider in­form­a­tion;

b.

se­cur­it­ies trans­ac­tions car­ried out in the course of the ful­fil­ment of pub­lic tasks rather than for in­vest­ment pur­poses by:

1.

the Con­fed­er­a­tion, can­tons or com­munes,

2.

the SNB,

3.

the BIS, and

4.

mul­ti­lat­er­al de­vel­op­ment banks in ac­cord­ance with Art­icle 63 para­graph 2 let­ter c CAO⁵¹.

² Para­graph 1 may also be de­clared ap­plic­able to se­cur­it­ies trans­ac­tions car­ried out by the fol­low­ing parties as long as the trans­ac­tions are car­ried out in con­nec­tion with pub­lic tasks and not for in­vest­ment pur­poses, and as long as re­cip­roc­al rights are gran­ted and an ex­cep­tion does not stand in con­tra­dic­tion to the le­gis­lat­ive pur­pose:

a.

for­eign cent­ral banks;

b.

the ECB;

c.

of­fi­cial bod­ies or state de­part­ments that are re­spons­ible for or in­volved in ad­min­is­ter­ing the na­tion­al debt;

d.

the EF­SF;

e.

the ESM.

³ The FDF shall pub­lish a list of the bod­ies covered by para­graph 2.