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Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (Financial Market Infrastructure Ordinance, FinMIO)
Art. 108Commencement of duty
(Art. 112 FinMIA)
The duty to trade a derivatives transaction via a trading venue or organised trading facility in accordance with Article 112 FinMIA (platform trading duty) shall apply from the point at which FINMA publishes such a duty for the derivatives transaction in question:
a.
after the expiry of six months: for derivatives transactions which participants in an authorised or recognised central counterparty conclude anew with one another;
b.
after the expiry of nine months: for derivatives transactions:
1.
which participants in an authorised or recognised central counterparty conclude anew with other financial counterparties, or
2.
which other financial counterparties that are not small conclude anew with one another;
c.
after the expiry of 12 months: for all other derivatives transactions concluded anew.