1
The trading venue shall establish under FINMA supervision its own regulatory and supervisory organisation which is appropriate for its activity.
2
The regulatory and supervisory tasks delegated to the trading venue must be carried out by independent bodies. The directors of these bodies must:
a.
provide the guarantee of irreproachable business conduct;
b.
enjoy a good reputation; and
c.
have the specialist qualifications required for their functions.
3
The selection of the directors under paragraph 2 requires the approval of FINMA.
4
The trading venue shall submit its regulations and their amendments to FINMA for approval.