The securities firm must report all of the information necessary for transparent securities trading.
FINMA shall regulate which information is to be reported to whom and in what form.
Provided this is required for the purposes of the Act, the Federal Council may also impose the reporting duty in accordance with paragraph 1 on persons and companies that buy and sell securities on a commercial basis but without the involvement of a securities firm. Any such company must instruct an audit firm licensed by the Federal Audit Oversight Authority (FAOA) in accordance with Article 9a paragraph 1 of the Auditor Oversight Act of 16 December 20051(AOA) to audit compliance with this reporting duty and must inform FINMA.