Art. 58k

(Art. 73f FinMIA)

1. A DLT trading facility is deemed to be small if the following thresholds are undercut in relation to DLT securities:
   1. Annual trading volume: CHF 250 million;
   2. Custody volume: CHF 100 million; and
   3. Annual settlement volume: CHF 250 million.
2. If a threshold is reached or exceeded, the DLT trading facility must report this to FINMA within 10 days. It must submit a modified application for authorisation as provided for in the FinMIA to FINMA within 90 days.
3. The trading facility shall no longer be deemed to be small after 90 days from the time at which a threshold is reached or exceeded. The DLT trading facility may, however, continue to apply the eased requirements for small DLT trading facilities until FINMA makes its decision on the authorisation application.
4. Where this serves the protective purpose of the FinMIA, FINMA may prohibit the DLT trading facility from admitting further participants until the decision is made on the application for authorisation.