SIX Securities Services receives repository approval
March 13, 2017

SIX Securities Services is set to launch its central trade repository in Switzerland – the SIX Trade Repository - having received approval from FINMA as an official Swiss derivative trade repository.

SIX says the Repository has been in testing since January 2016 with over 50 major financial institutions, hedge fund managers and traditional fund managers. This decision means that clients can soon start formally onboarding, in preparation for the deadline for derivative transaction reporting under FMIA. Once its special conditions are fulfilled, FINMA will then communicate its final deadline.

By establishing and operating the SIX Trade Repository, SIX Securities Services says it is further enhancing the attractiveness and value of the Swiss financial marketplace. The system is expected go live by Q3 2017.





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SIX Securities Services is set to launch its central trade repository in Switzerland – the SIX Trade Repository - having received approval from FINMA as an official Swiss derivative trade repository.

SIX says the Repository has been in testing since January 2016 with over 50 major financial institutions, hedge fund managers and traditional fund managers. This decision means that clients can soon start formally onboarding, in preparation for the deadline for derivative transaction reporting under FMIA. Once its special conditions are fulfilled, FINMA will then communicate its final deadline.

By establishing and operating the SIX Trade Repository, SIX Securities Services says it is further enhancing the attractiveness and value of the Swiss financial marketplace. The system is expected go live by Q3 2017.



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