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Financial Market Infrastructure Act

A new challenge for derivatives market participants

The FMIA brochure provides information about the Swiss derivative regulation which regulates the organization and operation of financial market infrastructures.

The FMIA is expected to enter into force on 1st January 2016. The act will be supplemented by two ordinances: The Federal Council Financial Market Infrastructure Ordinance ("FMIO") and FINMA's Financial Market Infrastructure Ordinance ("FMIO-FINMA") currently only available as draft versions.

In Switzerland, the Financial Markets Infrastructure Act (FMIA), also known as “FinfraG”, was adopted by the Parliament in June 2015 and is expected to come into force beginning of 2016. It will align the derivatives trading regulation with the international standards, and address key changes in the infrastructures of the financial markets, such as trading platforms and central clearing counterparties.

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