Rule Book

Content

• 1 Purpose
• 2 Structure of the Rule Book
• I Admission
• 3 Admission requirements
• 3.1 Authorisation as securities trader or remote member
• 3.2 Participation in a clearing and settlement organisation
• 3.3 Collateral deposit
• 3.4 Connection to the exchange system
• 4 Participants' rights and obligations
• 4.1 Continued compliance with admission requirements
• 4.2 Compliance with statutory and regulatory provisions and rulings from the relevant supervisory authority and the Exchange
• 4.3 Appropriate organisation and registration obligations
• 4.3.1 Principle
• 4.3.2 Registration of traders
• 4.3.3 Clients with direct market access (direct electronic access; DEA)
• 4.4 Reporting obligation
• 4.5 Duty to trade on the Exchange
• 4.6 Duty to provide information
• 4.7 Use of the exchange system
• 4.8 Charges and costs
• 5 Admission as a market maker
• 6 Liability
• 6.1 Liability of the Exchange
• 6.2 Liability of the participant
• 7 Suspension and termination of participation
• 7.1 Suspension of participation
• 7.2 Termination of participation
• 7.2.1 Termination
• 7.2.2 Consequences of terminating participation
• 8 Possibilities of appeal
• II Trading
• 9 General provisions
• 9.1 Trading on the Exchange
• 9.2 Market conduct
• 9.3 Trading segments
• 9.4 Market control
• 9.5 Market surveillance
• 9.6 Reporting
• 9.7 Trading publicity
• 10 On-order-book trading
• 10.1 Order book
• 10.2 Orders
• 10.3 Market making
• 10.4 Market model and price-setting rules
• 10.5 Special situations
• 10.5.1 Extraordinary situations
• 10.5.2 Emergency situations
• 10.5.3 Cancellation and reversal of trades
• 11 On-exchange, off-order-book trades
• 11.1 Reporting of trades to the Exchange
• 11.1.1 Content of trade reports
• 11.1.2 Trade reporting deadlines
• 11.1.3 Trades with other participants (trade confirmations)
• 11.1.4 Trades with non-participants (trade reports)
• 11.1.5 Deferred publication
• 11.2 "Over the Exchange" services
• 12 Use and publication of market information
• III Clearing and settlement
• 13 General provisions
• 13.1 Execution of trades
• 13.2 Clearing and settlement instructions
• 14 Trades not involving a central counterparty
• 14.1 Contracting parties
• 14.2 Content of contract
• 14.2.1 Equity securities and investment fund units
• 14.2.2 Derivatives
• 14.2.3 Bonds
• 14.2.4 Condition and deliverability of securities
• 14.2.5 Material warranty
• 14.2.6 Legal warranty
• 14.2.7 Consequences of default
• 14.2.8 Applicable law and arbitration clause
• 14.3 Execution
• 15 Trades involving a central counterparty
• 15.1 Contracting parties
• 15.1.1 On-order-book trades
• 15.1.2 Off-order-book trades
• 15.1.2.1 General provisions
• 15.1.2.2 Exception for the SIX Swiss Exchange Liquidnet Service (SLS)
• 15.1.3 General Clearing Member (GCM)
• 15.2 Content of contract
• 15.3 Execution
• IV Monitoring and enforcement
• 16 Duties to provide information
• 17 Audit
• 18 Violations of the Rule Book
• 19 Sanctions
• V Final provisions
• 20 Confidentiality
• 21 Partial invalidity
• 22 Amendments to the Rule Book
• 23 Binding nature
• 24 Applicable law and arbitration clause
• 25 Transitional provisions
• 26 Entry into force
• 27 Revision