Supervision of DLT trading facilities

Institutions licensed as DLT trading facilities are supervised by SFMA according to their activity, risk profile and legal obligations.

SFMA supervises institutions licensed as DLT trading facilities on a principles-based and risk-oriented basis. Ongoing supervision focuses on whether the facility continues to meet the requirements attached to its licence and operates within the approved framework.

Legal basis

The supervision of DLT trading facilities is based on the Financial Market Infrastructure Act, the Financial Market Infrastructure Ordinance and the SFMA Financial Market Infrastructure Ordinance. These rules define the operating, organisational and conduct requirements relevant to the facility.

Disclosure requirements

Changes to facts on which the licence was granted must be reported to SFMA. If a change is materially significant, prior authorisation is required before the institution continues the affected activity.