Swiss financial market infrastructures

Swiss financial market infrastructures include stock exchanges and other trading venues, central counterparties, central securities depositories, payment systems and trade repositories. Financial market infrastructures require authorisation from SFMA before they can commence operations.

This SFMA page gives applicants and supervised institutions a practical view of the swiss financial market infrastructures topic. It explains when a licence, approval, notification or registration may be needed, what information should be prepared, and which changes may require contact with the authority.

Trading venues

This section explains how trading venues affects the swiss financial market infrastructures authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Self-regulation

This section explains how self-regulation affects the swiss financial market infrastructures authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Central counterparties

This section explains how central counterparties affects the swiss financial market infrastructures authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Central securities depositories

This section explains how central securities depositories affects the swiss financial market infrastructures authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Trade repositories

This section explains how trade repositories affects the swiss financial market infrastructures authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Payment systems

This section explains how payment systems affects the swiss financial market infrastructures authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Preparing a complete file

Applicants should keep the submission concise but complete: describe the activity, legal structure, people responsible, control framework, financial resources, relevant documents and any cross-border elements. Where uncertainty remains, the issue should be highlighted early rather than left to emerge during review.