About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ROC and DSB Sign Memorandum of Agreement on Governance of Unique Product Identifier

Subscribe to our newsletter

The Regulatory Oversight Committee (ROC) and Derivatives Service Bureau (DSB) have finalised a Memorandum of Understanding (MOU) on the implementation of governance arrangements for the globally harmonised Unique Product Identifier (UPI).

In October 2019, the Financial Stability Board (FSB) published governance arrangements for the UPI, outlining the governance framework and criteria for the UPI system. This included the need to establish a direct relationship between the ROC and DSB. In October 2020, the ROC expanded its mandate to become the international governance body of the UPI and the FSB transferred governance and oversight responsibilities in relation to the UPI to the ROC.

The MOU has been developed on the basis of collaboration between the ROC and DSB to outline the division of responsibilities in overseeing the UPI system, as well as the criteria and characteristics of how the system will operate in practice. It includes the commitments undertaken by the DSB to perform the role of UPI service provider in the interests of stakeholders in accordance with the governance criteria, and covers aspects such as access to information, expectations on policies and procedures, role and oversight of industry advisory committees, UPI service provider designation and designation procedures, financial sustainability requirements, stakeholder consultation and transparency needs.

François Laurent, chair of the ROC Chair, says: “The MOU sets the basis for a fruitful cooperation between the ROC and DSB to ensure that the UPI system operates smoothly and effectively.” Emma Kalliomaki, managing director of the DSB, adds: “We are working hard to ensure that the UPI governance principles outlined in the MOU are enshrined in the UPI service, so that all stakeholders will have the most effective UPI service from next July, 2022.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Executing the Migration to Cloud to Enable Scalability and Innovation

Date: 22 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Cloud-based services and processing have become essential to financial institutions as their data management demands have become more complex and expansive. Thousands of organisations have made the jump from their limited on-premises tech stacks to the near-infinite scalability opportunities...

BLOG

3forge Seeks to Simplify the Complexity of Modern Data Management Demands

The high level of data and data product use-case customisation among financial institutions offers an insight into the challenges that technology teams face in managing their organisations’ data. Observability has become more difficult as each data user tailors their tech provisions to their own business needs and data provisioning must be similarly responsive at a...

EVENT

TEST Event page 1

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

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...