Regulatory Alerts2020-11-04
FINMA Circular 2008/4 Securities Journal
The Swiss Financial Market Supervisory Authority (FINMA) issues this circular to specify the recording and journal-keeping obligations for securities houses and trading venue participants under the Financial Market Infrastructure Act. It mandates that all participants maintain a standardized journal of securities and derivatives transactions, including detailed order and execution data, to ensure full traceability for supervisory and audit purposes. The document outlines specific requirements for data content, format, retention for ten years, and applicable exceptions to the journaling duty.
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