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FinfraG Update IX – Federal Council extends transitional period for reporting of derivative transactions by small non-financial counterparties

September 2018

The purpose of this Newsflash is to inform Swiss market participants that the Federal Council has decided to postpone the entry into effect of the reporting obligation for small non-financial counterparties (NFC-) until 1 January 2024. The corresponding amendment to the Financial Market Infrastructure Ordinance (FMIO) will enter into force on 1 January 2019.

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