About a-team Marketing Services

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

Upcoming Webinar: Best approaches for trade and transaction reporting

11 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Compliance practitioners and technology leaders in capital markets face mounting pressure to ensure that reporting processes are efficient, accurate, and aligned with global standards. Market developments and jurisdictional nuances in regulatory frameworks like MiFID II, EMIR, SFTR and MAS create a...

BLOG

Why Implementing Digital Regulatory Reporting is Vital for Compliance

The regulatory burden is increasing year on year and with the mounting threat of fines, financial firms must ensure compliance. Leo Labeis, CEO of REGnosys, explores how firms can implement digital regulatory reporting properly to help and ensure future competitiveness. Financial Institutions face mounting pressure to stay compliant with significant regulatory rewrites across Europe, Japan,...

EVENT

Data Licensing Forum 2025

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...