14.01.2020 – The FinMIA entered into force on 1 January 2016. Essentially, it brought the Swiss regulations on financial market infrastructures and derivatives trading into line with international standards and the changed market conditions. Since then, a number of amendments have been made to the Financial Market Infrastructure Ordinance (FinMIO) in the light of international developments. For example, in 2017, the regulations on the exchange of collateral were brought into line with the now definitive EU regulations. In September 2018, the Federal Council decided that the duty for small non-financial counterparties to report derivatives transactions to trade repositories must be fulfilled from 1 January 2024 at the latest; in this regard, it extended the corresponding transitional period. This amendment to the FinMIO took place in the context of an imminent review of the FinMIA. Finally, in November 2019 – in the context of the entry into force of the Financial Institutions Ordinance – further amendments were made to the FinMIO, including the extension of certain transitional periods relating to the exchange of collateral in derivatives transactions, in line with international developments.