FINMA, the Swiss Financial Market Supervisory Authority has approved both the Six Trade Repository and also REGIS-TR under the Financial Market Infrastructure Act (FMIA, also known as “Finfrag”, short for “Finanzmarktinfrastrukturgesetz”). The act of approval sets the start dates for reporting under the rules, in three phases:
- 1st October 2017 – For “FC+” entities and CCPs.
- 1st January 2018 – For “FC-” and “NFC+” entities.
- 1st April 2018 – For “NFC-” entities.
The press release from FINMA can be found here, with a short document available here. The document details the types of approval each of the trade repositories has received. The press release from REGIS-TR can be found here. SIX made a pre announcement here, and according to the FINMA document are now fully approved.