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FinfraG / FMIA
Art. 39 Reporting (SIX)

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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Lower total cost of ownership

Reduce your costs with our unified SaaS platform that streamlines your processes.

  • Decrease your manual efforts
  • Avoid in-house developments
  • Reduce the need for in-house expertise
  • Eliminate the need for on premise installation

What is the reporting obligation?

The reporting obligation itself is made up of three criteria:

  1. The financial instrument, which includes equities and equity-based derivatives.
  • Equities here mean the list of instruments in scope is published daily by SIX Swiss exchange.
  • Equity-based derivatives (both ETD and OTC) where the duty to report trades and order transmissions in derivatives with one or several underlying instruments applies only if at least one underlying instrument is subject to reporting obligations - and has a weighting of more than 25% in the financial instrument traded.
  1. The trading venue itself, i.e., the location where financial instruments are admitted in Switzerland are subject to reporting obligations.
  2. The location where the securities dealer is domiciled.

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:

  • Domestic and foreign members need to meet a two-sided reporting obligation.
  • For cross trades executed on or off the order book, a transaction report for each side of the trade must be submitted (for both the buy-side and sell-side).

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.

Who is required to report?

The following are required to report according to Article 39:

  • Swiss Trading Participants
  • Remote Members
  • Swiss Reporting Members
  • Foreign branches of Swiss securities dealers

When do reports have to be made?

Reports must be submitted to a recognised TR the next Business Day (T+1).

User-friendly compliance

A platform that helps you focus on what matters.

  • Take complete control over all data and processes
  • Automatically stay current with regulatory changes
  • Ensure built-in, seamless multi-jurisdiction compliance
  • Stop dealing with maintenance or custom setups

deltaconX provides highest flexibility by supporting multiple jurisdictions within a unified platform.

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Fully Integrated FinfraG Swiss Exchange Reproting

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.

Integrated Compliance Expertise

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.

Evergreen Compliance is Futureproofed Compliance

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.