As a complement to Article 37 FINMASA1, FINMA may withdraw authorisation or recognition from a financial market infrastructure if it:
does not use the authorisation within twelve months;
has not provided services permitted solely with the authorisation during the preceding six months;
does not comply with the liquidation plan.
The withdrawal of authorisation shall cause the dissolution of the legal entity. FINMA shall designate the liquidator and oversee its activity. The insolvency law provisions in accordance with Chapter 8 remain reserved.