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 Issues Final Consultation Paper on User Fees and Contracts

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Date: 18 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers...

BLOG

Nord vLEI Becomes First European GLEIF Qualified vLEI Issuer

Nord vLEI has become the first European-based verifiable LEI (vLEI) issuer qualified by the Global Legal Entity Identifier Foundation (GLEIF). Nord vLEI is a subsidiary of NordLEI, the leading LEI issuer in Scandinavia and eighth largest globally, with more than 165,000 LEIs issued since 2014. The vLEI is a digitised organisational identity that meets global...

EVENT

Data Management Summit London

Now in its 14th 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

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...