Commentaries: Art. 1

Securities firms under FinIA and participants¹admitted to a trading venue record the orders and transactions which must be recorded under Article 74 FinIO and Article 36 FinMIO in a ledger, regardless of whether or not the securities or derivatives are traded on a trading venue. The ledger may also be divided into journals.²
The following shall be recorded in the ledger for all received orders:
1. the name of the securities and derivatives;
2. the time the order was received;
3. the name of the person placing the order;
4. the name of the transaction and order type;
5. the volume of the order.
The following shall be recorded in the ledger for completed transactions:
1. the time of execution;
2. the volume of the execution;
3. the attained or allocated price;
4. the place of execution;
5. the name of the counterparty;
6. the value date.
The received orders and completed transactions, regardless of whether they are subject to the reporting duty outlined in Chapter 2, shall be recorded in a standardised format, so that the information can be delivered to FINMA promptly and in its entirety on request.

As mostparticipants are legal entities, gender-neutral terminology is not used in this text. ↩
Amended by Annex No 5 of the FINMA O of 4 Nov. 2020 on Financial Institutions, in force since 1 Jan. 2021 (AS 2020 5327). ↩

Art. 1