Maybe bad, at least not so good news for Swiss corporates. The Swiss Council of States might not follow the Swiss National Council with regards to trades between NFCs, proposing that such trades should be reported.
The Swiss Council of States will discuss FinfraG on June 2, 2015.
According to today's decision by the Swiss National Council, derivative trades between non-financial counterparties will not have to be reported under FinfraG.
The regulation is now subject to the final approval by the Swiss Council of States.
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