Compliance and Standards
SIX Financial Information actively participates with global standards organizations to define and adopt relevant standards that promote straight-through processing. Specifically, SIX Financial Information is the official national numbering agency (NNA) in Switzerland Liechtenstein and Belgium, and in this capacity is responsible for the issuing of Valoren and ISIN identifiers. The company is also a founding member of ANNA, as well as a co-operator of the ANNA Service Bureau. In addition, SIX Financial Information is a member of The International Organization for Standardization (ISO), FISD, and MiFID joint working groups, and is a SWIFT certified distributor of ISO 15022 corporate actions messages.
For regulatory compliance, SIX Financial Information provides a wealth of information that help analyze exposures and aggregate positions for effective reporting. SIX Financial Information has incorporated flags, markers and classifications into VDF that facilitate compliance with taxation regulations such as the EU savings tax, Swiss transaction taxes and US IRS Withholding, plus fee calculation regulations such as the SEC rule 22c-2, and pan-European regulations as MiFID and UCITS III and IV.
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Famous quotes containing the words compliance and/or standards:
“In this our talking America, we are ruined by our good nature and listening on all sides. This compliance takes away the power of being greatly useful.”
—Ralph Waldo Emerson (1803–1882)
“It gives me the greatest pleasure to say, as I do from the bottom of my heart, that never in the history of the country, in any crisis and under any conditions, have our Jewish fellow citizens failed to live up to the highest standards of citizenship and patriotism.”
—William Howard Taft (1857–1930)