23.05.2017
// Financial Law Update
// Financial Law Update
Implementation of the reporting duty pursuant to article 104 FMIA – The Swiss Financial Market Supervisory Authority FINMA announces the authorization respectively recognition of trade repositories
On April 3, 2017, the Swiss Financial Market Supervisory Authority FINMA announced the authorization of a Swiss trade repository as well as the recognition of a foreign trade repository. This authorization respectively recognition has triggered the transition periods for the fulfillment of the reporting duty pursuant to art. 104 FMIA.
