FinfraG / Reporting obligation for NFC-s postponed until January 1, 2024

The Swiss Federal Council has again postponed the start of the reporting obligation for NFC-s, this time only a little more than three months before the start that was scheduled for January 1, 2019.  Swiss politicians seem to have no respect for those that had been already prepared or on their way.

New clients ...

What a great day today - One new TFM client, three new EMIRate clients (EMIR & FinfraG). We love the 'quiet' summer season.

We welcome ...

... another EMIRate client from Norway.

One more new FinfraG client ...

... a pension fund, just came in.

Two new FinfraG clients

Two new Swiss clients (FC-) decided to use EMIRate for their FinfraG reporting, starting on January 1, 2018.

EMIR II / All clients successfully migrated

All our EMIR clients have been successfully migrated to EMIR II.

FinfraG / Start of reporting obligation for NFC-s postponed

In a battle between FINMA and ESMA for very interesting decisions, FINMA is currently in the lead.

While most of the Swiss corporates have already started to get ready for the reporting obligation under FinfraG, FINMA has decided to postpone the start of the reporting obligation to January 1, 2019.

Good news for those not having done anything yet, bad news for those who did (which to our knowledge is the majority of Swiss corporates).

New FinfraG and EMIR clients

While we are extremely busy helping our clients with the EMIR II onboarding, we have been able to sign a few more FinfraG and EMIR clients recently, among them another large Swiss insurance company as well as a very large German corporate.

First FinfraG client 'live'

Our first FinfraG client (FC+) went live today. All transactions have been reported without any errors. Just another smooth onboarding process.