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

Firms in the US Prepare to Meet Compliance Date for UPI in Regulatory Reporting

Subscribe to our newsletter

The Derivatives Service Bureau (DSB) has released figures indicating industry readiness for the first jurisdictional compliance date for the inclusion of the Unique Product Identifier (UPI) in regulatory reporting in the US on 29 January 2024.

The US is the first jurisdiction to start UPI reporting in G20 derivatives markets with EU EMIR Refit regulations following on 29 April 2024, the UK on 30 September 2024, Australia and Singapore from 21 October 2024 and Japan on the 7 April 2025.

“This first UPI compliance milestone is another step forward in the journey of realising the G20 commitments following the financial crisis toward global aggregation of OTC derivatives data to enhance the regulators’ understanding of global systemic risk,” says Emma Kalliomaki, managing director of ANNA and the DSB. “The DSB’s scalable client onboarding and support platform mean users that still need to onboard will be able to do so efficiently.”

As the US reporting date approaches, 131 organisations have subscribed across all fee-paying user types covering different connectivity options, 71 of which are programmatic users. At organisation level, banks lead the way with trade execution platforms, clearing houses, brokerages, trade repositories and data management providers also on board. In the US, 35% of organisations onboarded have headquarters in the country. Given the staggered approach to UPI mandate compliance dates, these figures are in line with DSB onboarding expectations at this stage.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Testing Industry Perceptions at Data Management Summit London

Every year at the A-Team Group Data Management Summit we take the pulse of the financial data and tech industry on a range of critical topics of the day. We do this through audience participation questions during the day-long event, urging delegates to interact with speakers and other participants via remote voting on salient questions....

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London 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

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...