UnaVista FinFrag Article 39 Reporting
The Financial Markets Infrastructure Act (FMIA), also known as ‘FinfraG’, was adopted in June 2015 and came into force beginning of 2016 with gradually increasing obligations.
The Article 39 stipulates that “The participants admitted to a trading venue must report all of the information necessary for transparent securities trading”.
This means that all trading venue participants and other Swiss / foreign securities dealers which are admitted to a trading venue must report securities transactions to ensure the transparency of securities trading to a trade repository recognised by FINMA.
UnaVista's Reporting Solution
Leveraging its partnership with SIX Swiss Exchange, UnaVista has developed a service to help firms fulfil this regulatory requirement. Firms will be able to use their existing connection into UnaVista to send details of their transactions, UnaVista will then route those transaction to the SIX, the FINMA approved Article 39 reporting repository. UnaVista supports both Article 39 reporting formats:
- Firms already reporting under MiFIR can use ARM approved RTS 22 reports
- Swiss domestic firms can use the Swiss reporting format.
Securities dealers (Both foreign securities dealers and swiss dealers) subject to the reporting obligation will be able use a single interface to meet their requirement.
One platform for all your reporting
You can use UnaVista for your regulatory reporting across MiFID II, EMIR, FinFrag reporting and more. One interface, one connection, unified reporting.
UnaVista’s Rules Engine can accept data in any structured format, so you can send in data from multiple sources and UnaVista will translate and normalise it for you.
With one system for all your regulatory reporting, you can gain better insights into your data. There is also only one platform for compliance to work with, so they know they are getting the full picture.
Access to high quality reference data
London Stock Exchange has range of comprehensive data sets including Swiss reporting eligibility data, to help enrich your own data sources and helps you avoid under and over reporting
Robust systems and controls
UnaVista has a range of tools to help you reconcile your reports and train your staff ensuring you are meeting your regulatory requirements to put in adequate systems and controls.
Use the experience of the London Stock Exchange
London Stock Exchange has over 25 years of experience regulatory reporting and UnaVista helps thousands of firms report more than 8 billion reports annually. Our experience can assist you prepare for regulations and ensure you are staying on top of changes.
Benefit from UnaVista’s community
UnaVista has a partner network of more than 50 of the leading technology suppliers in financial services and many consultants. We also have a long running relationship with SIX, who we provided the technology for their trade repository for FinFrag.
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