About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Derivatives Service Bureau Sets Start Date of UPI Service on 29 January 2024

Subscribe to our newsletter

The Derivatives Service Bureau (DSB) has set a start date for the Unique Product Identifier (UPI) service following publication of a CFTC designation order confirming the UPI will be required in recordkeeping and swap data reporting in the US from 29 January 2024.

The DSB initially planned to go live with the UPI service in July 2022, but delayed its start until regulatory mandates were published requiring inclusion of the identifier. Fulfilling G20 commitments agreed as part of a package of reforms to OTC derivatives markets after the financial crisis, mandates to report the UPI have now been published in the US, EU and Australia, with additional jurisdictions expected to follow.

To aid implementation of the UPI, the DSB’s UPI User Acceptance Test (UAT) environment will be available from 17 April 2023, nine months before the US regulatory mandate comes into effect. The DSB UPI production environment will be available from 16 October 2023, three months before the mandate takes effect.

The DSB Client Onboarding and Support Platform (COSP) will be released alongside the UPI service providing a self-service platform for users to onboard to the UPI service and manage UPI user access and connectivity requirements.

“The DSB has undertaken extensive collaboration with stakeholders to ensure the UPI service is fit-for-purpose and the objectives of the service align with DSB principles such as cost recovery, reasonable and non-discriminatory access, and equal treatment,” says Emma Kalliomaki, managing director of ANNA and the DSB. “With firm UPI reporting dates now published, we will continue to support industry with its preparations and UPI implementation.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

7Rivers Q&A: Enabling Modern Data Processing

Milwaukee, Wisconsin-based 7Rivers gives its clients the tools to draw actionable insights and real-world applications from their data. A-Team Group Data Management Insight spoke to Jessica Emhoff, Vice President of Marketing, about the company and how it is empowering financial institutions. Data Management Insight: Hello Jessica. Can you tell us a bit about how 7Rivers...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...