FINANCIAL SERVICES / COMPLIANCE
Regulatory Reporting: Managed Services
A single End-to-End partner for EMIR, FinfraG, MiFIR/MiFID and CRS reporting across Swiss and European obligations.
01 - ABSTRACT
The continuous evolution of supervisory standards mandated by ESMA and FINMA presents a complex operational challenge for Swiss financial institutions, requiring simultaneous alignment across four distinct reporting frameworks: EMIR (including REFIT), FinfraG, MiFIR/MiFID, and CRS. Processing millions of transactions annually under strict daily timelines leaves no room for structural inefficiencies. With an industry-average rejection rate of 8–12% triggering resource-intensive, multi-round correction cycles, institutions face severe operational bottlenecks and critical non-compliance risks, highlighted by recent FINMA sanctions exceeding CHF 2M. In this high-stakes environment, FORFIRM acts as a single, End-to-End (E2E) strategic and operational partner, assuming full accountability across the entire transactional reporting lifecycle. Our unified framework bridges technical execution and regulatory advisory by seamlessly integrating initial set-up, establishing automated data ingestion, XML pre-validation, and cross-regime reconciliation to guarantee a clean "Golden Source" at the origin, with continuous daily compliance monitoring and rapid multi-round exception handling to drive immediate error remediation. Furthermore, FORFIRM delivers a fully managed operational outsourcing (BPO) framework, allowing institutions to completely externalize the reporting run to transform fixed back-office overheads into a highly flexible cost model while unlocking on-demand scalability to handle shifting market volumes seamlessly.
02 - ECOSYSTEM IMPACT
In scope Regimes
| REGULATION & AUTHORITY | LIFECYCLE & TARGET | SCOPE & INSTRUMENTS | KEY HIGHLIGHTS & CHANGES |
|---|---|---|---|
| EMIR / Refit - ESMA + FINMA | Daily T+1 Reporting | OTC & ETD Derivatives | Bilateral, dual-sided transaction reconciliation. Heavy validation on UTIs pairing, LEIs, MTM, and collateral. Shift to strict ISO 20022 XML schemas. |
| FinfraG / FMIA - FINMA | Daily T+1 Reporting | Art. 104: OTC & ETD Derivatives (aligned with EMIR). Art. 39 Securities | Reporting targeted via Swiss portal SIX TREM.ch. Complex tracking for CHF-denominated swaps. Strict Art. 104 exemption criteria rules. |
| MiFIR / MiFID II - ESMA / NCA | Daily T+1 / Real Time Reporting | Financial Instruments Traded on a Venue (ToTV) | Mass extraction across 65+ mandatory data fields. Algorithmic trading flags & decision-maker tracking. Legal entity LEIs vs. physical passports verification. |
| CRS 2.0 / AEOI - OECD / FINMA / AFC | Annual Global Standard | Financial Accounts & Foreign Tax Residents | Automatic data exchange across 100+ partner countries. Continuous entity classification (Active/Passive NFFE). Transmission via Swiss Federal Tax Admin (AFC). |
LIFECYCLE & TARGET
Daily T+1 Reporting
SCOPE & INSTRUMENTS
OTC & ETD Derivatives
KEY HIGHLIGHTS & CHANGES
Bilateral, dual-sided transaction reconciliation. Heavy validation on UTIs pairing, LEIs, MTM, and collateral. Shift to strict ISO 20022 XML schemas.
LIFECYCLE & TARGET
Daily T+1 Reporting
SCOPE & INSTRUMENTS
Art. 104: OTC & ETD Derivatives (aligned with EMIR). Art. 39 Securities
KEY HIGHLIGHTS & CHANGES
Reporting targeted via Swiss portal SIX TREM.ch. Complex tracking for CHF-denominated swaps. Strict Art. 104 exemption criteria rules.
LIFECYCLE & TARGET
Daily T+1 / Real Time Reporting
SCOPE & INSTRUMENTS
Financial Instruments Traded on a Venue (ToTV)
KEY HIGHLIGHTS & CHANGES
Mass extraction across 65+ mandatory data fields. Algorithmic trading flags & decision-maker tracking. Legal entity LEIs vs. physical passports verification.
LIFECYCLE & TARGET
Annual Global Standard
SCOPE & INSTRUMENTS
Financial Accounts & Foreign Tax Residents
KEY HIGHLIGHTS & CHANGES
Automatic data exchange across 100+ partner countries. Continuous entity classification (Active/Passive NFFE). Transmission via Swiss Federal Tax Admin (AFC).
The 4 Pillars of Efficient Reporting
Data Quality & Lineage
Enforce strict validation rules directly at the source (Golden Source) to guarantee LEI, UTI, and ISIN accuracy before transmission.
Multi-Regime Mapping
Leverage a flexible data architecture capable of parsing a single transaction into multiple reporting schemas (ISO 20022 XML) based on jurisdiction.
Automated Reconciliation
Perform automated three-way reconciliation (Internal Systems vs Trade Repository/ARM vs Counterparty) to instantly flag anomalies.
Proactive Exception Solving
Actively monitor and fix rejections from authorities, reducing the error backlog to zero within the tight regulatory cut-off windows.
03 - THE FORFIRM SERVICE
Turnkey Solution Building & Execution
Delivering a seamless readiness lifecycle by combining comprehensive impact assessments, operational process redesign for STP automation, and rigorous end-to-end settlement cycle testing.
RPA & AI-Powered Tech Enablement
Direct integration of intelligent automation tools to eliminate manual data entry, optimize inventory management, and maximize matching rates.
Run & Outsourcing
Delivering daily operational support for rejection handling and complete BPO of reporting workflows to eliminate internal backlog.
Regulatory Watch & Continuous Compliance
Delivering continuous tracking of framework updates and schema changes, ensuring your reporting infrastructure automatically adapts to future regulatory shifts.
04 - WHY FORFIRM
Swiss boutique SME presence. We are a local consulting boutique based in Lugano and Zürich with a deep, practical understanding of how Swiss (FinfraG) and European (EMIR/MiFIR) regulations overlap.
Strategic & Operational Partner. We bridge the gap between advisory and execution. Beyond roadmap design, we provide full BPO support for ongoing back-office operations, specializing in Daily Exception Handling and rejection management.
Proven track record. Our team consists of Professionals with a proven track record in Trade Repository integrations (DTCC, Regis), connectivity to SIX TREM.ch, and multi-regime data mapping (ISO 20022), ensuring seamless and audit-ready reporting flows.
Proximity. Assessment activities conducted under Swiss confidentiality standards with local presence and multilingual support.
Consumer trust, less fraud. Certified payment security strengthens customer confidence and measurably reduces fraud exposure.
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