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

¹ For oc­cu­pa­tion­al pen­sion schemes and in­vest­ment found­a­tions in ac­cord­ance with Art­icles 48 to 60a of the Fed­er­al Act of 25 June 1982⁶⁷ on Oc­cu­pa­tion­al Old Age, Sur­viv­ors' and In­valid­ity Pen­sion Pro­vi­sion, the clear­ing duty set out in Art­icle 97 of the Fin­MIA shall not ap­ply up to 30 Septem­ber 2021 for de­riv­at­ives trans­ac­tions that these in­sti­tu­tions enter in­to with a view to re­du­cing risk in ac­cord­ance with Art­icle 87.⁶⁸

^1bis The trans­ition­al peri­od in ac­cord­ance with para­graph 1 shall be ex­ten­ded to 30 Septem­ber 2022.⁶⁹

^1ter The trans­ition­al peri­od in ac­cord­ance with para­graph 1 shall be ex­ten­ded to 30 Septem­ber 2023.⁷⁰

² The Fed­er­al De­part­ment of Home Af­fairs may ex­tend the time­frame set out in this para­graph 1 in or­der to take ac­count of re­cog­nised in­ter­na­tion­al stand­ards and for­eign leg­al de­vel­op­ments.