SIX Financial Information Launches Italian Financial Transaction Tax Data Services
The much awaited Financial Transaction Tax will take command as policy makers get the support of governments and officially launch a 'go live date'. SIX Financial Information launches data services for firms with specific information about instruments and the relevant charges. The Italians are in first place to launch the tax and the governments recent provision which affect the countries equity markets will be implemented on the 1st of March 2013.
Financial intermediaries will be challenged to identify the country specific transaction taxes on derivatives, due to the high number and complexity of these products.” said Jacob Gertel, Senior Project Manager Legal & Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Data at SIX Financial Information. “Through our fully-automated tax services we support clients to manage the maze of FTTs in a reliable and efficient manner.”
SIX Financial Information’s Valordata Feed will provide the country specific tax information for each security and derivative instrument as new tax is enforced in the different jurisdictions. The addition of the Italian FTT service adds to the broad range of tax data - including the French FTT, final withholding tax, and many more cross-border regulations - that SIX already offers.
“Our extensive financial instrument database and local experts around the globe enable us to closely monitor and rapidly integrate regulatory changes, such as the forthcoming FTTs.” said Fritz Hediger, Head Global Sales, SIX Financial Information. “We are committed to servicing our clients on time and in full scope as this wave of regulations takes effect.”
Other countries – Belgium, Germany, Estonia, Greece, Spain, Austria, Portugal, Slovenia and Slovakia – will implement their taxes according to the EU directive concerning the FTT, which are expected to cover derivatives as well. By closely following the regulatory developments at SIX Financial Information will be ready with the required tax data when the new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is enforced.
The much awaited Financial Transaction Tax will take command as policy makers get the support of governments and officially launch a 'go live date'. SIX Financial Information launches data services for firms with specific information about instruments and the relevant charges. The Italians are in first place to launch the tax and the governments recent provision which affect the countries equity markets will be implemented on the 1st of March 2013.
Financial intermediaries will be challenged to identify the country specific transaction taxes on derivatives, due to the high number and complexity of these products.” said Jacob Gertel, Senior Project Manager Legal & Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Data at SIX Financial Information. “Through our fully-automated tax services we support clients to manage the maze of FTTs in a reliable and efficient manner.”
SIX Financial Information’s Valordata Feed will provide the country specific tax information for each security and derivative instrument as new tax is enforced in the different jurisdictions. The addition of the Italian FTT service adds to the broad range of tax data - including the French FTT, final withholding tax, and many more cross-border regulations - that SIX already offers.
“Our extensive financial instrument database and local experts around the globe enable us to closely monitor and rapidly integrate regulatory changes, such as the forthcoming FTTs.” said Fritz Hediger, Head Global Sales, SIX Financial Information. “We are committed to servicing our clients on time and in full scope as this wave of regulations takes effect.”
Other countries – Belgium, Germany, Estonia, Greece, Spain, Austria, Portugal, Slovenia and Slovakia – will implement their taxes according to the EU directive concerning the FTT, which are expected to cover derivatives as well. By closely following the regulatory developments at SIX Financial Information will be ready with the required tax data when the new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is enforced.