Firstly, Point 3.1 is to be amended to reflect the new situation, and the restriction that authorisation may relate only to foreign securities dealers is to be deleted. Relevant here is FINMA authorisation as a foreign member of the Exchange, be it as a foreign securities dealer (SESTO Art. 53) or as an unsupervised foreign proprietary dealer (SESTO Art. 53a). The arbitration clause (Point 24) will nonetheless be amended owing to the introduction of the Federal Code of Civil Procedure (in force since 1 January 2011).
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