Federal Council proposes changes to derivatives trading rules
Federal Council proposes changes to derivatives trading rules
On June 19, 2024, the Swiss Federal Council published a proposed revision of the Financial Market Infrastructure Act. Among a wide-ranging set of amendments relating to the Swiss market infrastructure and the Swiss market conduct framework, the Federal Council's draft bill also includes a range of amendments relating to derivatives trading rules, including to reporting obligations, counterparty categorization and cross-border transactions. The draft bill is open for comments until October 11, 2024.