954.11FinIOFederal Council OrdinanceJan 1, 2020Original source
(Art. 46 FinIA)
Securities firms which themselves do not hold accounts in accordance with Article 44 paragraph 1 letter a FinIA must invest their resources such that sufficient liquidity is guaranteed at all times.
Securities firms which themselves hold accounts in accordance with Article 44 paragraph 1 letter a FinIA must comply with the provisions of the Liquidity Ordinance of 30 November 20121.