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

(Art. 39 Fin­MIA)

¹ The par­ti­cipants ad­mit­ted to a trad­ing ven­ue shall re­port all trans­ac­tions they ex­ecute in­volving se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue. In par­tic­u­lar, the fol­low­ing must be re­por­ted:

a.

the name and num­ber of pur­chased or sold se­cur­it­ies;

b.

the volume, date and time of the trans­ac­tion;

c.

the price; and

d.

the de­tails ne­ces­sary to identi­fy the be­ne­fi­cial own­er.

² The re­port­ing duty also ap­plies to trans­ac­tions in de­riv­at­ives whose un­der­ly­ing in­stru­ments are se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue.

³ The re­port­ing duty ap­plies not only to trans­ac­tions on own ac­count, but also to trans­ac­tions ex­ecuted on be­half of a cli­ent.

⁴ The fol­low­ing trans­ac­tions ex­ecuted abroad do not have to be re­por­ted:

a.

trans­ac­tions in se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue in Switzer­land and in de­riv­at­ives with such se­cur­it­ies as their un­der­ly­ing in­stru­ments, provided the in­form­a­tion in ques­tion is reg­u­larly com­mu­nic­ated to the trad­ing ven­ue on the basis of an agree­ment in ac­cord­ance with Art­icle 32 para­graph 3 Fin­MIA or with­in the frame­work of an ex­change of in­form­a­tion between FINMA and the com­pet­ent for­eign su­per­vis­ory au­thor­ity if:

1.

they were ex­ecuted by the branch of a Swiss se­cur­it­ies firm¹⁵ or by a for­eign ad­mit­ted par­ti­cipant, and

2.

the branch or the for­eign par­ti­cipant is au­thor­ised to trade by the rel­ev­ant for­eign su­per­vis­ory au­thor­ity and is ob­liged to sub­mit a re­port in the cor­res­pond­ing state or in its state of dom­i­cile;

b.

trans­ac­tions in for­eign se­cur­it­ies ad­mit­ted to trad­ing on a trad­ing ven­ue in Switzer­land and in de­riv­at­ives with such se­cur­it­ies as their un­der­ly­ing in­stru­ments that are ex­ecuted on a re­cog­nised for­eign trad­ing ven­ue.

⁵ Third parties may be in­volved in re­port­ing.