This consultation opened on 30 April 2025 and closed on 30 May 2025, with a final consultation report to be published on 17 July 2025. 

The consultation paper sought to obtain industry views on several topics: fair allocation of cost recovery, extension of the Intermediary model, cost allocation policy between UPI and OTC ISIN Services and Acceptable Use Policy breaches. The document presented information for market participants’ review and feedback. 

A webinar to address consultation related queries took place on Thursday 15 May 2025. The webinar set out the key themes in the DSB Consultation Paper of 2025.