(Art. 12 FinMIA)

¹ The minimum capital shall amount to:

a.⁵

for trading venues: CHF 1 million;

b.

for central counterparties: CHF 10 million;

c.

for central securities depositories: CHF 5 million;

d.

for trade repositories: CHF 500,000;

e.

for payment systems: CHF 1.5 million;

f.⁶

for DLT trading facilities that do not provide services in accordance with Article 73a paragraph 1 letter b or c of the FinMIA: CHF 1 million;

g.⁷

for DLT trading facilities that provide services in accordance with Article 73a paragraph 1 letter b or c of the FinMIA: CHF 5 million.

^1bis For trading venues and DLT trading facilities, where justified, FINMA can stipulate a minimum amount that is up to 50% higher.⁸

² In the event of non-cash capital contributions, the value of the assets brought in and the amount of the liabilities shall be reviewed by a licensed audit firm. This also applies when an existing company is transformed into a financial market infrastructure.