The amendments on which the DSB are consulting on are a result of –

• Consideration of feedback from Users over the last 12 months, including feedback to the DSB annual Industry Consultation and via the DSB Industry Representation Groups;
• Assessment of User types and associated rights and permissions, including User rights to distribute DSB Data, the scope of the Distributor User type and related reporting obligations, and the operation of the Intermediary model in relation to access to and provision of DSB Data for End Users;
• Consideration of terms required to support compliance with DORA and the final Regulatory Technical Standards on subcontracting ICT services supporting critical or important functions under DORA (“Subcontracting RTS”), including clarification of the DSB’s cooperation obligations, introduction of a User termination right for relevant Users, and updates to the DSB Subcontracting and Audit Policy;
• Review of operational provisions, resulting in updates to UAT thresholds, separate treatment of production and UAT connections, and Temporary UAT User obligations;
• Review of fee provisions, resulting in clarification of subscription upgrade fee treatment and DSB recovery of fees for unauthorised use;
• Review of governance and dispute provisions, resulting in refinement of Dispute Notice mechanics, arbitration process timing, small claims procedure updates, and related notice and contact details; and
• Editorial corrections.

The amendments are provided as a clean and redline version to the current DSB Terms and are available below. Amendments are applicable to both the OTC ISIN Service and the UPI Service unless stated otherwise.

In accordance with clause 1.2(a) and 1.2(b) of the DSB Main Terms, a Variation Notice will be sent to users with fee-paying subscriptions on 24 September 2026.