Simplifying Swiss Derivatives Compliance
FinFrag, the Swiss Financial Market Infrastructure Act (FMIA), mandates that counterparties with a registered office in Switzerland report their derivatives transactions to an authorised trade repository. While the regulation shares similarities with EMIR, the unique requirements of FinFrag mean many firms struggle to maintain compliance using internal systems alone.
At Reg-X, we offer an end-to-end FinFrag reporting solution that automates your daily reporting obligations and simplifies compliance across your trade lifecycle.
What is FinFrag?
FinFrag requires Swiss counterparties, including foreign branches of Swiss entities, to report both OTC and exchange-traded derivatives across asset classes such as credit, commodities, equities, FX, and rates. Reporting is single-sided, and the responsible party is determined based on whether the trade is cleared or not, and on the type and size of the counterparties involved.
Reporting deadlines follow a T+1 schedule, and valuations must be submitted daily for open positions, except those with small counterparties.
Reg-X FinFrag Solution
Our platform offers a fully automated, reliable solution that includes:
- Seamless integration with trade files in multiple formats (CSV, XML, JSON) via secure APIs or SFT file transfer
- Enrichment of data fields, including LEIs, UPI- product codes, and UTI generation
- Timely submission to a licensed Trade Repository
- Advanced validation, reconciliation, and assurance for complete and accurate reporting
- In-depth reporting dashboards and lifecycle event tracking
- Support from experienced regulatory SMEs to advise on product scope and Natural Person Data (NPD) enrichment
- GAP analysis to ensure all applicable trades are correctly captured
Why Choose Reg-X?
Reg-X simplifies the complexity of Swiss regulatory reporting by offering one platform that also supports EMIR, MiFID II, SFTR, and more. With tools like RegAssure, Periodic Reporting, and RegData, clients can manage trade and position reporting, back-reporting, and data assurance in one place, with zero compromise on quality or compliance.
Stay Compliant with Confidence
If you’re navigating FinFrag requirements, Reg-X delivers a future-proof solution, trusted by global financial institutions to reduce risk, save time, and ensure reporting accuracy.
Speak to our team today to learn how we can support your FinFrag compliance.
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