Update on the Financial Market Infrastructure Act (FMIA) for small non-financial counterparties (NFC-)

On 1 April 2017, the Swiss regulator authorised and recognised Regis-TR S.A. and SIX Trade Repository AG as the first trade repositories accepted for purposes of fulfilling the reporting obligations under the FMIA. With this, the picture has become far clearer. Swiss companies are now able to decipher a concrete timeline of the performance obligations which apply to them.

Compliance with the law is subject to audit for financial years beginning on or after 1 January 2017. If your organisation requires assistance in establishing your compliance with the law, our experts stand ready to assist you.

Download the full report here

Contact

Stefan Wüest
Treasury Solutions – Basel / Zurich
058 792 5951
stefan.wueest@ch.pwc.com

Published by

stefanwueest

stefanwueest

Stefan Wüest
Assurance Director
St. Jakobs-Strasse 25
Postfach, 4002 Basel
+41 58 792 5951

Stefan Wüest is a director in the Assurance practice and heads the Swiss Assurance Treasury Team. Stefan Wüest has more than 20 years of audit experience in the banking sector as well as treasury and investments audit area. In his current role he serves banking clients and treasury related matters with large national and multinational clients in different sectors.

Stefan is a Swiss Certified Public Accountant and Certified International Investment Analyst (CIIA).