Dates and legal basis

At its meeting on 04.12.2015, the Federal Council decided that Switzerland would participate in the establishment of a global system for identifying financial market participants.

LIMF/OIMF

• From 1^st October 2017: Obligation to record and report derivative transactions in transaction records.

• From 1^st  October 2018: Obligation to register and report securities trading. Retroactive transmission of declarations from 1 January 2018 at the latest by 31 December 2018.

• From 1^st  January 2019: Obligation for foreign branches of Swiss traders and foreign participants to report.

MIFID II/MIFIR

• From mid-2018 (originally January 3, 2018): Reporting obligation for legal entities in accordance with the MiFIR regulation, which is part of the MiFID II directive of the EU.
  According to ESMA communication, dated 20 December 2017, an additional transitional period of 6 months is granted.
   

Laws

Swiss reference legislation

European reference legislation