RESPONSE TIME EXTENDED FOR DSB INDUSTRY CONSULTATIONS
Brussels, Belgium – The Association of National Numbering Agencies today announced that, due to industry requests, the response time for both current industry consultations for the Derivatives Service Bureau have been extended. The new dates are as follows:
- DSB Product Committee – Phase 1 consultation, responses due on or before 4 January 2017
- DSB Technology and Operations Consultation, responses due on or before 13 January 2017
For more information on the consultations, please click on the links above.
About the DSB Product Committee
DSB Product Committee members will participate for a two-year term. Their activities include product governance and direct involvement in the creation and maintenance of correct data specifications for OTC derivative ISINs and related descriptive taxonomies, including addressing emerging new products. More information on the DSB Product Committee framework can be found here on the ANNA website.
About the ANNA Derivatives Service Bureau
The DSB is being developed to serve the needs of the OTC derivatives market participants and regulators for unique identification of these financial products through allocation of the International Securities Identification Number (ISIN). The ISIN is a globally recognized and adopted ISO standard for identifying financial instruments. The development timeline is keyed to industry implementation before the in-force date of MiFID 2 in January 2018.
As mentioned, the DSB Product Committee will be responsible for the product stewardship. It will operate alongside the DSB Board which will focus on delivering the technology, finalizing the overall structure and running the numbering agency on a cost-recovery basis.
More detailed information on the DSB can be found in recent announcements at the ANNA website.
Established in 1992 by 22 founding numbering agencies, ANNA is the membership organization of national numbering agencies, which are operated by depositories, exchanges, government agencies, nationally central data vendors and other financial infrastructure organizations. ANNA also serves as the registration authority for the ISIN numbering standard, under appointment by the International Organization for Standardization (ISO).
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. ISINs are issued today more than 200 jurisdictions worldwide. The number by national numbering agencies and nations working to establish national numbering agencies continues to grow each year, now surpassing 120 jurisdictions globally. For information about ANNA, its members and activities, please visit anna-web.org.
Kathleen Hawk for ANNA
+1 845 687-2222