FINMA informs on reporting requirements and trade repositories
The Swiss Financial Market Supervisory Authority FINMA has issued a press release to inform in relation to trade repositories.
FINMA Guidance 02/2017 “Financial Market Infrastructures Act: reporting requirements / trade repositories” of 3 April 2017 provides information about the authorisation of a Swiss trade repository and the recognition of a foreign trade repository.
Their recognition and authorisation means that Swiss market participants will now be subject to a phased-in entry into force of derivatives transactions reporting requirements by notifying a trade repository.
Source: FINMA
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