With the adoption of the Financial Market Infrastructure Act (FMIA), Switzerland adjusts its existing regulations on financial market infrastructure and derivatives trading to international standards. The Act has implications for operators of financial market infrastructures and their participants. Not only financial intermediaries, such as banks, insurance companies and others, but also industrial corporations (which so far were not affected by financial regulations) will have to become familiar with the provisions on derivatives trading, regardless of whether they conclude derivative contracts for hedging or speculative purposes.
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