Swiss Financial Market Infrastructure Act (FMIA)

The Swiss Financial Market Infrastructure Act (FMIA) is a law that regulates the systems and infrastructure used for financial transactions in Switzerland. Its goal is to ensure these systems are secure, efficient, and resilient, reducing the risk of failures that could affect markets or investors. The FMIA sets standards for how financial market infrastructures—such as trading platforms and clearinghouses—operate, including requirements for risk management, transparency, and operational stability. By doing so, it aims to protect financial stability, promote trust in the market, and adapt to technological advancements and global standards.