When licensing a Swiss central counterparty or recognising a foreign central counterparty, FINMA determines which of the derivatives cleared by the central counterparty are subject to the clearing obligation. FINMA shall take into consideration the criteria under Article 6 paragraph 2 as well as international standards when determining the clearing obligation.
If the central counterparty clears additional derivatives categories subsequently to obtaining a licence or recognition, it shall inform FINMA thereof.
Upon request it must deliver all information to FINMA necessary to determine the derivatives categories subject to the clearingobligation.
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