954.1 Federal Act of 15 June 2018 on Financial Institutions (Financial Institutions Act, FinIA)
954.1 Lescha federala dals 15 da zercladur 2018 davart ils instituts da finanzas (Lescha davart ils instituts da finanzas, LIFin)
Art. 41 Definition
A securities firm is an entity that, on a commercial basis:
- a.
- trades in securities in its own name for the account of clients;
- b.
- trades in securities for its own account on a short-term basis, operates primarily on the financial market and:
- 1.
- could thereby jeopardise the proper functioning of the financial market, or
- 2.
- is a member of a trading venue, or
- 3.18
- operates an organised trading facility under Article 42 of the Financial Market Infrastructure Act of 19 June 201519; or
- c.
- trades in securities for its own account on a short-term basis and publicly quotes prices for individual securities upon request or on an ongoing basis (market maker).
Art. 41 Definiziun
Sco chasa da vaglias vala tgi che fa – a titel professiunal – il suandant:
- a.
- commerzi cun valurs mobigliaras en l’agen num sin quint dals clients;
- b.
- commerzi a curta vista cun valurs mobigliaras sin agen quint, è oravant tut activ sin il martgà da finanzas e:
- 1.
- pudess pervia da quai periclitar la funcziunalitad dal martgà da finanzas, u
- 2.
- è activ sco commember d’ina plazza commerziala, u
- 3.18
- maina in sistem da commerzi organisà tenor l’artitgel 42 da la Lescha da las infrastructuras da finanzas dals 19 da zercladur 201519; u
- c.
- commerzi a curta vista cun valurs mobigliaras sin agen quint e fixescha publicamain ils curs per singulas valurs mobigliaras en moda permanenta u sin dumonda (market maker).
This document is not an official publication. Only the publication of the Federal Chancellery is legally binding.
Il presente documento non è una pubblicazione ufficiale. Fa unicamente fede la pubblicazione della Cancelleria federale. Ordinanza sulle pubblicazioni ufficiali, OPubl.