DSB Shifts Toward Ecosystem Discovery in 2026 Industry Consultation
A strategic shift exploring how DSB data is accessed and integrated across the derivatives ecosystem
London, 31 March 2026 – The Derivatives Service Bureau (DSB), the golden source of reference data for OTC derivatives, today published the timetable for its 2026 Annual Industry Consultation, opening on 30 April. This year’s consultation signals a new phase in the DSB’s strategic engagement. With the foundational adoption of the OTC ISIN and UPI identifiers now complete, the DSB is transitioning towards a discovery-led approach focused on deepening its understanding of its established user community and associated ecosystem.
The objective of this shift is to gather insight across priority topics—including data consumption patterns, downstream data usage, and the Distributor user model—to ensure its services continue to meet the needs of the stakeholders. In parallel, the DSB, which operates on a cost recovery basis, remains committed to advancing the core principle of fair allocation of cost.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said: “When we first established the DSB’s ISIN and UPI services, our focus was on the DSB’s foundational users: public authorities and firms with reporting obligations.
Over the DSB’s eight years of operation, our stakeholder landscape has become far broader. A diverse set of participants now use and derive value from DSB data. This expanded understanding underscores the need for the DSB to undertake a more intentional discovery phase, ensuring the DSB evolves in line with the ecosystem it supports. We look forward to receiving feedback from a varied range of stakeholders as part of the consultation process.”
The DSB is encouraging broad participation in the Industry Consultation, complemented by targeted bilateral discussions to ensure perspectives from across the full ecosystem are captured.
Consultation timeline: The consultation paper will be published on 30 April 2026, with responses due by 29 May 2026, and the final report released on 17 July 2026. The full timeline can be found on the DSB Website
For more information about how to get involved with the consultation process, please contact us via industry_consultation@anna-dsb.com.
ENDS
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The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau, DSB, is the global golden source of reference data for Over the Counter(OTC) derivatives. Serving over 1,900 organisations spanning over 40 jurisdictions, the DSB enables market participants to meet their regulatory reporting obligations to trade repositories, and for post- trade transparency and market abuse reporting related to MiFID II. A global utility with widespread industry representation, expertise and collaboration at its core, the DSB provides its reference data on a cost-recovery basis to increase transparency, efficiencies and interoperability through the use of standards. Users can access the DSB’s automated zero-touch technology platform through an open and easily accessible web interface that can handle multiple taxonomies of definitions and descriptive data for near real-time allocation.
Founded by the Association of National Numbering Agencies the DSB is the sole source of multiple ISO standards for OTC derivatives, including International Securities Identification Numbers (ISINs), Unique Product Identifiers (UPIs), Classification of Financial Instruments Codes (CFIs) and Financial Instrument Short Names (FISNs). In addition to its ISO mandates, the DSB has been nominated by the Financial Stability Board of the G20 to be the exclusive global operator of the UPI Service. This service will enable authorities to aggregate data on OTC derivatives transactions by product or by any UPI reference data element. If you would like to use the Derivatives Service Bureau please visit the DSB website.
About ANNA
The Association of National Numbering Agencies (ANNA) is a global member association seeking to foster standardisation within the financial industry by upholding the International Organization for Standardization (ISO) principles and by promoting ISIN, FISN and CFI codes for financial instruments. This is achieved through ongoing, collaborative work with market participants, regulators and other standards bodies.
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. Founded in 1992 by 22 numbering agencies, today ANNA’s membership continues to grow, with more than 120 global members and partners allocating ISIN, FISN and CFI codes on behalf of their local jurisdictions. By putting in place rigorous governance around the development, allocation and sharing of ISIN, FISN and CFI codes, ANNA helps facilitate open, transparent markets diminishing barriers to access, while protecting the integrity of the standards. As a result, ISIN has become the recognised global standard for unique identification for all types of financial and referential instruments, helping to connect and protect global markets.
In addition, ANNA has established the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the specific operational and regulatory requirements of the Over the Counter derivatives markets.
For information about ANNA, its members and activities, please visit the website.
