For DLT trading facilities that are open to participants under Article 73c paragraph 1 letter e, the Federal Council may set requirements for the protection of these participants in addition to the requirements under Articles 73b –73d .
For DLT trading facilities that provide central custody, clearing and settlement services, the Federal Council shall set requirements in addition to those under Articles 73a –73d , in particular with regard to:
the central custody, clearing and settlement of DLT securities;
collateral;
capital adequacy;
risk diversification;
ancillary services;
liquidity;
procedure in the event of a participant's default;
segregation.
The Federal Council shall base the requirements under paragraph 2 on the requirements for central securities depositories (Arts. 61–73).
Where necessary in order to take account of technology-specific risks, the Federal Council may authorise FINMA to draw up the requirements under paragraph 2.
The competence of the SNB to specify special requirements for systemically important DLT trading facilities by virtue of Article 23 is reserved.
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