958.11FinMIOFederal Council OrdinanceJan 1, 2016Original source
For occupational pension schemes and investment foundations in accordance with Articles 48 to 60a of the Federal Act of 25 June 19821on Occupational Old Age, Survivors' and Invalidity Pension Provision, the clearing duty set out in Article 97 of the FinMIA shall not apply up to 30 September 2021 for derivatives transactions that these institutions enter into with a view to reducing risk in accordance with Article 87.2
The transitional period in accordance with paragraph 1 shall be extended to 30 September 2022.3
The transitional period in accordance with paragraph 1 shall be extended to 30 September 2023.4
The Federal Department of Home Affairs may extend the timeframe set out in this paragraph 1 in order to take account of recognised international standards and foreign legal developments.