Financial Market Infrastructure Act (FMIA)

14.09.2018 – The FinMIA entered into force on 1 January 2016. Essentially, it bringsbrought the Swiss regulations on financial market infrastructures and derivatives trading in line with international standards and the changed market conditions. With reference to the regulation in the European Union, the Federal Council extended the transitional periods for financial market infrastructures and participants on a trading venue contained in the Financial Market Infrastructure Ordinance (FinMIO) by one year in August 2016. A further FinMIO amendment subsequently entered into force on 1 August 2017. This broughtWith this, the Swiss regulations on the exchange of collateral were brought in line with the now definitive EU regulations. Finally, on 14 September 2018, the Federal Council decided to bring the derivative transactions reporting duty for small non-financial counterparties to trade repositories into effect on 1 January 2024 and to extend the corresponding transitional period. The corresponding amendment to the FinMIO took place in the context of the imminent review of the FinMIA.

Fact sheet

Further information

https://www.efd.admin.ch/content/efd/en/home/themen/wirtschaft--waehrung--finanzplatz/finanzmarktpolitik/financial-market-infrastructure-act--fmia-.html