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FINMA sets up IT platform

Chris Hamblin, Editor, London, 23 September 2016

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The Swiss Financial Market Supervisory Authority FINMA has activated a so-called 'digital delivery' platform which enables supervised institutions and audit firms to submit documents electronically in a user-friendly and secure way.

Supervised institutions and audit firms are now able to transmit documents digitally to FINMA instead of posting them. The regulator is expecting this to be especially useful for the relaying of audit and annual reports. If a personal signature is required, the sender has to add a qualified electronic signature on the delivery platform by using SuisseID. Supervised institutions and audit firms may submit qualified electronically signed documents only on the IT platform and not by email. Documents can, however, still go by post but must not be submitted twice, i.e. document submission is either by post or electronically. FINMA will finish amending the relevant circulars and ordinances that are related to the platform in the coming months.
 
The FINMA platform is usable without charge and registration is not necessary. It can be accessed on FINMA's website under Contact. Any questions should be addressed to digital@finma.ch. The platform does not replace the FIRST or FIRST GRE web application for the insurance sector. All annexes and enclosures to the annual data collection and all the SST reporting will continue to be submitted on FIRST.

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