Implementing regulations on the sovereign monetary policy instruments of the National Bank (compilation of statistics, minimum reserve regulations, and oversight of payment and securities settlement systems) are laid down in an ordinance adopted by the SNB Governing Board on 18 March 2004. The legal basis for this ordinance is art. 15 para. 3, art. 18 para. 5, art. 20 para 3 NBA.
In the chapter "Statistical surveys", the NBO spells out the principles on data collection as well as the rights and obligations of the financial market participants under obligation to file information. The collection of statistical data must adhere to the principle of reasonableness. The coverage and frequency of statistical surveys as well as the parties required to report statistical data are described in the annexes to the NBO.
The chapter on "Minimum reserves" is relatively brief, since the most important elements of the minimum reserve regulations are already laid down in the wording of the law itself.
Finally, the chapter "Oversight of payment and securities settlement systems" defines the minimum requirements for systemically important payment and securities settlement systems. These requirements are based on international standards. In order for the National Bank to identify systems that could jeopardise system stability, all securities settlement systems and payment systems with a transaction volume of at least CHF 25 billion per annum are subject to an extended disclosure obligation.
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National Bank Ordinance
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Notes on the National Bank Ordinance (German)
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Technical Directive governing the submission of statistical data
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