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

DSB Call for Industry Feedback on UPI Legal Terms and Conditions Consultation

Subscribe to our newsletter

The Derivatives Service Bureau (DSB) has opened a consultation on the legal terms and conditions, and client support model, expected to apply to users of the Unique Product Identifier (UPI) Service, due to launch next year. The consultation sets out a range of proposals aimed to align with industry feedback for the DSB to support the UPI Service within the existing DSB legal framework that is used for the OTC ISIN Service.

Proposals include the use of a single overarching legal agreement with fee-paying users able to subscribe to OTC ISIN and/or UPI Services, introduction of a client onboarding and support platform, use of the Legal Entity Identifier for user onboarding verification, use of pre-payment for lower value user fees, fee model variables to be used for annual fee determination, the approach to termination, suspension and renewals, dispute resolution mechanism, and the transfer of user data in the case of a contingency scenario.

Emma Kalliomaki, managing director of ANNA and the DSB, comments: “Good governance principles are at the core of the UPI to ensure for a better service for the market. The DSB would like to encourage all interested parties to review the proposals of the UPI Legal Terms and Conditions Consultation and provide feedback.”

The deadline for industry feedback on the consultation is Wednesday, 19 January 2022.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Inaugural AI in Data Management Summit NYC Sets New Benchmark in AI Discussion

A-Team Group’s inaugural AI in Data Management Summit NYC set a new benchmark in the global discussion around artificial intelligence. Leading figures from the worlds of finance and technology gathered in New York to share best practice guidance and observation, real-world case studies and forecasts for the exciting – and challenging – year ahead. The...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...