A-Team Insight Blogs

DSB Issues Final Consultation Paper on User Fees and Contracts

The Derivatives Service Bureau (DSB), which is responsible for issuing ISINs for OTC derivatives under MiFID II, has released a second and final consultation paper regarding user fees and contracts for 2019. Industry feedback is invited on topics including potential changes to user support services, service level agreements and resiliency after some proposals in the first consultation were discarded due to industry feedback.

The first consultation sought industry views on a broad range of topics arising from user feedback during the prior 12 months. The second consultation is intended to summarise industry responses and set out further details, including next steps where additional feedback is provided. It opened on June 28th, 2018 and will close at 5pm UTC on July 27th, 2018. The second consultation document includes a response form to be emailed to industry_consultation@anna-dsb.com. A final consultation report is due to be published on August 20th, 2018.

Emma Kalliomaki, managing director of the DSB, says: “In the responses to the first consultation, some of the contrasting interests and needs of various user groups became apparent. In this second consultation, we are investigating these interests more deeply to determine the best path forward for the DSB and its users.” She noted that the recently formed DSB Technology Advisory Committee will also provide guidance on matters related to infrastructure, connectivity and disaster recovery.

Specific areas of investigation in the second consultation are: revision of the user categories and fee model; changes to DSB functionality, including provision of more market timeline adaptive template models; service levels, including time of operation, technical support, streaming thresholds and weekly caps; and access and user agreements, including potential changes to the terms of any differentiated agreements for intermediaries.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Share article

Related content

WEBINAR

Recorded Webinar: MiFID II trading technology requirements – what’s worked and what hasn’t?

Don’t miss this opportunity to view the recording of this recently held webinar. The incredible breadth of coverage of Markets in Financial Instruments Directive II (MiFID II) always meant there were going to be workarounds. Now that the implementation deadline of January 3, 2018 has passed, how did the marketplace fare in its attempts to...

BLOG

Oddo Asset Management Selects CounterpartyLink for Entity Data

Oddo Asset Management has selected CounterpartyLink to supply validated legal entity data and links to pre-Legal Entity Identifiers (LEIs) that will be used to support regulatory requirements such as Know Your Customer (KYC). The French asset manager has online access to CounterpartyLink’s central entity database, which includes content defined by and used by clients. Tanguy...

EVENT

Data Management Summit London

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

MiFID II handbook, third edition – How compliant are you?

Six months after Markets in Financial Instruments Directive II (MiFID II) went live, how compliant is your organisation? If you took a tactical approach to cross the compliance line on January 3, 2018, how are you reviewing and renewing systems to take a more strategic approach and what are the business benefits of doing so?...