1 The following sanctions may be imposed:
- against a participant: reprimand, suspension or exclusion; fine and/or contractual penalty of up to CHF 10 million;
- against a trader: reprimand, suspension or revoking of registration.
2 Decisions on the imposing of sanctions shall take into account the gravity of the violation, the degree of fault, and any previous sanctions imposed on the participant or trader.
3 The sanctions imposed on participants or traders, as well as the underlying violations, may be disclosed to the public and other participants.