The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DSB Opens First Consultation on UPI Fee Principles

The Derivatives Service Bureau (DSB) opened a first round of industry consultation on fee principles for the Unique Product Identifier (UPI) today. The consultation ends on 5 March 2021 and is the first of two consultations before a final report is published in September 2021.

The UPI will come into play in 2022 and will require all firms reporting to trade repositories to include the identifier in their workflows. With such a broad reach, the DSB is urging market participants reporting to trade repositories anywhere in the world to take part in the consultation, which will consider topics including expectations around UPI adoption and the estimated number of users, the types of users, the use of workflows, cost allocation processes, duration of initial user agreements, and a proposed invoicing methodology.

Emma Kalliomaki, managing director of ANNA and the DSB, comments: “UPIs will have a global footprint, so we are looking to obtain the broadest range of views in response to our consultation process. Although the service is not being introduced until 2022, now is the time for industry to get involved in the preparations so that we cater for the widest range of interests when shaping the UPI service for stakeholders.”

The DSB was named in 2019 by the Financial Stability Board (FSB) as the sole service provider for the UPI system, performing the function of issuer of UPIs as well as operator of the UPI reference data library.

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

FINOS and Goldman Sachs Release Legend Open Source Data Management Platform

In pursuit of data collaboration and standardisation across capital markets, the Fintech Open Source Foundation (FINOS) and Goldman Sachs have released Legend, the bank’s flagship data management and data governance platform. The source code for five of the platform’s modules is available from FINOS. Goldman Sachs contributed its PURE logical modelling language and Alloy platform...

EVENT

RegTech Summit APAC

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...