The Swiss National Bank (SNB) is planning to revise the implementing provisions in the National Bank Ordinance (NBO) relating to the oversight of systemically important financial market infrastructures (payment systems, central securities depositories and central counterparties). The NBO revision has become necessary as the new Financial Market Infrastructure Act (FMIA), the Financial Market Infrastructure Ordinance (FMIO) and the associated changes in the National Bank Act are due to come into force on 1 January 2016. With this revision of the NBO, the SNB is bringing the implementing provisions relating to the ... (full story)