Art. 108

(Art. 112 FinMIA)

The duty to trade a derivatives transaction via a trading venue or organised trading facility in accordance with Article 112 FinMIA (platform trading duty) shall apply from the point at which FINMA publishes such a duty for the derivatives transaction in question:

1. after the expiry of six months: for derivatives transactions which participants in an authorised or recognised central counterparty conclude anew with one another;
2. after the expiry of nine months: for derivatives transactions:

1. which participants in an authorised or recognised central counterparty conclude anew with other financial counterparties, or

2. which other financial counterparties that are not small conclude anew with one another;

c. after the expiry of 12 months: for all other derivatives transactions concluded anew.