FMIA Rules for OTC Derivatives: What You Need to Know
The Swiss Financial Market Infrastructure Act (FMIA) came into force on 1 January 2016. FMIA primarily focusses on rules for trading venues such as stock exchanges (on EU-Level contained in the Markets in Financial Instruments Regulation (MiFIR)) but also includes various obligations for market participants, both from the financial sector and other sectors. Among these obligations are the notification duties for important shareholders taken over from the former Stock Exchange Act as well as new rules for derivative transactions inspired by the European Market Infrastructure Regulation (EMIR).
The new FMIA rules are not only addressed at the typical financial market participant such as banks, security dealers or investment funds but extend to any enterprise engaging in derivative transactions for investment or hedging purposes.
Our brochure gives you a compact overview on the FMIA rules for OTC Derivatives.