October 2017

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).

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.

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