The deltaconX regulatory platform enables FinfraG / FMIA Article 39 – SIX Swiss Exchange Reporting (Authorise Reporting Mechanism, ARM) compliance so that your day-to-day operations are streamlined and your ability to work is optimized.
Article 39 of the FinfraG / FMIA regulation is the Swiss equivalent of MIFIR and covers the reporting of Financial Instrument contracts to an Authorise Reporting Mechanism (ARM). The article aims to ensure market transparency by requiring any participants admitted to a Swiss trading venue to report the details of their transactions to a repository.
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The reporting obligation itself is made up of three criteria:
Trades and the transmissions of orders in reportable financial instruments performed by securities dealers subject to the reporting obligation as an intermediary are required to report. Article 39 does not differentiate whether they were traded on- or off-order book, executed on- or off-exchange and are required regardless whether the order is on behalf of a client or for proprietary trading.
The reporting obligation is applied as follows:
It is worth noting that a transfer in a reportable financial instrument from one custody account to another is not subject to the reporting obligation, regardless of whether the beneficial owner changes. Because direct client instructions to transfer financial instruments does not constitute a reportable transaction, as long as no securities dealer subject to the reporting obligation took an active role in initiating the transaction/transfer, they are exempt under the terms of Article 39.
The following are required to report according to Article 39:
Reports must be submitted to a recognised TR the next Business Day (T+1).
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deltaconX provides highest flexibility by supporting multiple jurisdictions within a unified platform.
The deltaconX SaaS platform offers the capability to incorporate the FinfraG Article 39 Swiss Exchange Reporting requirements into our unified and standardised workflow, so that you only need to focus on the areas in need of attention.
We completely remove any confusion surrounding the requirements for FinfraG Swiss Exchange Reporting compliance by ensuring that the required data is captured and provided to satisfy FinfraG / FIMA requirements.
Because our unified deltaconX workflow is built to focus your attention only where it’s needed, complying with FinfraG Article 39 Reporting has never been easier as all the requirements are built into our platform itself.
We help you move away from relying on external consultants or trying to maintain complex internal solutions that eat up significant amounts of time and resources, by reducing your burden of compliance.
Our platform has the combined experience from across the entire data reporting chain integrated so that you can finally eliminate the need for expensive in-house and switch to a simpler way of working with a proven platform that reduces manual efforts by up to 80%.
In this sense deltaconX makes it both quick and easy to make sure that everything is available to validate your FinfraG Article 39 Swiss Exchange Reporting without driving up the pressure on your existing resources.
By building expertise from across our entire data reporting chain into the platform itself, we’re also able to proactively work on of bigger shifts, changes, or even revisions to the regulations without passing the burden on to you.
As the regulatory reporting bodies start to move their focus away from data completeness towards data quality, remaining compliant will prove to become a bigger challenge over time.
Unlike other solutions deltaconX can actually provide you with the complete picture of the cost of FinfraG Article 39 compliance with an unprecedentedly clear TCO even as reporting compliance requirements change over time.
With deltaconX you get more than just a SaaS based solution provider, you get a long-term partner that will proactively help you reduce the burden of compliance by freeing up resources that can start focusing on your core business.