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 Sets Up Change and Challenge Processes for OTC Derivative ISINs

Subscribe to our newsletter

The Data Service Bureau (DSB) that issues ISINs for OTC derivatives under MiFID II has set up change and challenge processes. The change request addresses issues with existing ISINs or with the product definition templates supplied by the DSB for the creation of OTC derivative ISINs. The challenge process allows users to challenge existing ISINs, for example on the basis of an inconsistent underlying ISIN, using a web-based form.

While firms within the scope of MiFID II say the DSB is doing a better than previously expected job on issuing ISINs for OTC derivatives and that all is going relatively smoothly, the DSB acknowledges that some changes are inevitable.

To help users achieve change, it has published a change request document that provides users with a detailed definition of the process required to take a change request from initiation through to release. It also provides examples of change scenarios.

The document notes the DSB’s aim to follow a common change request process to provide participants in the process with a clear understanding of the state of the request and further steps that are to be taken in addressing an issue, and states: “The change request process set out in this document is expected to evolve as industry use of the DSB service matures, therefore this should be considered a living document.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to ensure employees meet fit and proper requirements under global accountability regimes

Fitness and proprietary requirements for employees of financial institutions are not an option, but a regulatory obligation that calls on employers to regularly assess employees’ honesty, integrity and reputation, competence and capability, and financial soundness. In the UK, these requirements are a core element of the Senior Managers and Certification Regime (SMCR). They are also...

BLOG

FINRA’s 2024 New and Updated Guidelines on AI and GenAI/LLM Integration

In 2024, the Financial Industry Regulatory Authority (FINRA) expanded its guidance on integrating Artificial Intelligence (AI) within the securities industry, placing particular emphasis on generative AI (GenAI) and large language models. This builds upon FINRA’s ongoing efforts since 2020 to ensure that member firms adhere to existing regulatory frameworks while adopting advanced technologies. The recent...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...