The following may be admitted as participants in a DLT trading facility:
securities firms as defined in Article 41 of the FinIA1;
other parties supervised by FINMA in accordance with Article 3 of the FINMASA2as well as parties supervised by a foreign authority, provided that the DLT trading facility ensures that they fulfil equivalent technical and operational conditions to securities firms;
the SNB;
the Bank for International Settlements;
other natural persons and legal entities, provided that they declare that they are participating in their own name and for their own account.
Participants domiciled in Switzerland must provide FINMA with all information and documents that it requires to carry out its tasks. The DLT trading facility must ensure that foreign-domiciled participants provide the relevant information and documents if FINMA so requires.
The provisions on the record-keeping duty (Art. 38) and the reporting duty (Art. 39) of participants also apply to participants in a DLT trading facility. The Federal Council may make exceptions for participants under paragraph 1 letter e.
The Federal Council shall regulate the details regarding the admission, duties and exclusion of participants.
The DLT trading facility shall issue regulations on the admission, duties and exclusion of participants, thereby observing in particular the principle of equal treatment.
It shall monitor compliance with the regulations and impose the sanctions provided for contractually in the event of violations.