
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.
Milestone | Date |
---|---|
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 CP | Wed 30 Apr – Fri 30 May 2025 |
TAC meeting on industry feedback | Mon 16 Jun 2025 |
Final Consultation Report publication | Thu 17 Jul 2025 |
2026 Draft User Agreement (UA) publication | Fri 1 Aug 2025 |
Deadline for industry feedback on proposed UA changes | Wed 27 Aug 2025 |
2026 Final User Agreement (UA) publication | Wed 24 Sep 2025 |
User termination deadline | Thu 2 Oct 2025 |
Annual User fees for 2026 calculated | Fri 3 Oct 2025 |
2026 User fees published | Tues 7 Oct 2025 |
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