25 August 2016
Fulfillment of the Duties in Derivatives Trading under Foreign Law
Although the Financial Market Infrastructure Act (FMIA) entered into force on 1 January 2016, the duties in derivatives trading that it sets out do not yet have to be met due to transitional periods. The postponed entry into force of the European regulatory reform of the financial markets, MIFID II, causes a further extension of the transitional periods in Switzerland. Nevertheless, the Swiss financial market participants affected by the new regulation should already start with the implementation of the prescribed duties and procedures.
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