The Swiss FMIA(“Finfrag”) regulation will was passed into law in January 2016 and will start to take effect in the coming months. The rules are broadly a Swiss version of EMIR, and amongst other things include a requirement to report derivatives to approved Trade Repositories. Unlike EMIR, Finfrag mandates “one sided” reporting, where only one of the counterparties to a trade must report, using a hierarchy rule relating to counterparty type and the side of the trade. It will primarily affect Swiss market participants.
Unavista and SIX will offer a repository under Finfrag and will be running a webinar on the 26th October on the reporting rules and also the offering. Further details can be found here.