2026 OTC ISIN, UPI and CFI Service Provision Consultation

Consultation Paper

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 seeks 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 presents information for market participants’ review and feedback. 

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

List of public and anonymized responses to consultation with links to PDF files:

Consultation Timeline

MilestoneDate
Publication of DSB OTC ISIN, UPI and CFI Consultation Paper (CP) Wed 30 Apr 2025
Webinar ** Recording **Thu 15 May 2025
Industry feedback on the CPWed 30 Apr – Fri 30 May 2025
TAC meeting on industry feedbackMon 16 Jun 2025
Final Consultation Report publicationThu 17 Jul 2025
2026 Draft User Agreement (UA) publicationFri 1 Aug 2025
Deadline for industry feedback on proposed UA changesWed 27 Aug 2025
2026 Final User Agreement (UA) publicationWed 24 Sep 2025
User termination deadlineThu 2 Oct 2025
Annual User fees for 2026 calculatedFri 3 Oct 2025
2026 User fees publishedTues 7 Oct 2025

 
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