DSB to release OTC ISIN report in June
28 March 2023 UK
Image: ty/stock.adobe.com
The Derivatives Service Bureau (DSB) has announced the timeline for the 2023 industry consultation related to the 2024 over-the-counter (OTC) International Securities Identification Number (ISIN) and Classification Financial Instrument code (CFI) service provision.
The annual industry consultation aims to shape the DSB’s service in accordance with market participant requirements.
The consultation paper will be published on 28 April 2023 and the industry will have until 31 May 2023 to respond. The final report will be published on 30 June 2023.
Timings of the consultation are being communicated in advance to ensure that the industry has sufficient notice to plan and align resources for participation, says the DSB.
In 2022, the DSB Main Terms and Policies, collectively known as the ‘Agreement’, were updated to incorporate provisions for the Unique Product Identifier (UPI) Service such that a common agreement was maintained.
As the UPI Service will be launched into user acceptance testing (UAT) on 17 April 2023 and into production on 16 October 2023, requiring the final legal documentation to be available, the DSB has announced that the next review of the Agreement will take place in 2024.
Emma Kalliomaki, managing director of ANNA and the DSB, says: “We are grateful to all stakeholders for their continued engagement and collaboration to shape the DSB Services. Given the varying demands on firms’ resources due to market and regulatory developments, providing advance notice will enable firms to provide input.”
The annual industry consultation aims to shape the DSB’s service in accordance with market participant requirements.
The consultation paper will be published on 28 April 2023 and the industry will have until 31 May 2023 to respond. The final report will be published on 30 June 2023.
Timings of the consultation are being communicated in advance to ensure that the industry has sufficient notice to plan and align resources for participation, says the DSB.
In 2022, the DSB Main Terms and Policies, collectively known as the ‘Agreement’, were updated to incorporate provisions for the Unique Product Identifier (UPI) Service such that a common agreement was maintained.
As the UPI Service will be launched into user acceptance testing (UAT) on 17 April 2023 and into production on 16 October 2023, requiring the final legal documentation to be available, the DSB has announced that the next review of the Agreement will take place in 2024.
Emma Kalliomaki, managing director of ANNA and the DSB, says: “We are grateful to all stakeholders for their continued engagement and collaboration to shape the DSB Services. Given the varying demands on firms’ resources due to market and regulatory developments, providing advance notice will enable firms to provide input.”
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