2027 OTC ISIN, UPI and CFI Service Provision Consultation

Consultation Paper

This consultation opened on 30 April 2026 and closes on 29 May 2026, with a final consultation report to be published on 17 July 2026. 

The consultation paper seeks to obtain industry views on several topics: fair allocation of cost and potential user model changes, proposed evolution of the Distributor user type, refinement of classification and communication regarding Acceptable Use breaches and functionality and alternative cost models for the Alternative Identifier functionality. The document presents information for market participants’ review and feedback. 

A webinar to address consultation related queries will take place on Wednesday 13 May 2026. The webinar sets out the key themes in the DSB Consultation Paper of 2026.

Consultation Timeline

MilestoneDate
Publication of DSB OTC ISIN, UPI and CFI Consultation Paper (CP) Thu 30 Apr 2026
Webinar [LINK]Wed 13 May 2026
Industry feedback on the CPThu 30 Apr – Fri 29 May 2026
TAC meeting on industry feedbackWed 17 Jun 2026
Final Consultation Report publicationFri 17 Jul 2026
2027 Draft User Agreement (UA) publicationTues 4 Aug 2026
Deadline for industry feedback on proposed UA changesThu 27 Aug 2026
2027 Final User Agreement (UA) publicationThu 24 Sep 2026
User termination deadlineThu 1 Oct 2026
Annual User fees for 2027 calculatedFri 2 Oct 2026
2027 User fees publishedWed 7 Oct 2026

 
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