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“Finfrag” dates set by FINMA with two trade repositories approved

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.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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