The Derivatives Service Bureau (DSB) has set out the timeline for 2023 industry consultation related to 2024 service provision of the OTC International Securities Identification Number (ISIN) and Classification Financial Instrument code (CFI).
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.
In accordance with previous years, the consultation aims to ensure that the DSB develops aspects of the service that users find the most valuable. This approach, alongside outreach initiatives and market education efforts, is designed to ensure the DSB can effectively serve its users and adapt to a constantly evolving market.
In 2022, the DSB main terms and policies, collectively known as the ‘agreement’, were updated to incorporate provisions for the UPI service such that a common agreement was maintained. As the UPI service will start user acceptance testing on 17 April 2023 and enter production on 16 October 2023, requiring final legal documentation to be available, the next review of the agreement will take place in 2024.
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