Regulatory Use of Identifiers

Regulatory use of the ISIN, UPI, CFI and FISN

The development of international standards to report over-the-counter (OTC) derivatives was in response to a request from the G20 Leaders to increase transparency in financial markets, offset systemic risk, and protect against market abuse following the 2007-8 financial crisis. The Derivatives Service Bureau (DSB) provides objective, standards-based reference data to market participants and public authorities to increase transparency in the OTC derivatives markets and supports public authorities’ monitoring of financial risk and market abuse.

The DSB is the exclusive golden source for the following ISO standards for OTC derivatives;

  • ISIN (International Securities Identifier Number): ISO 6166
  • UPI (Unique Product Identifier Number): ISO 4914
  • CFI (Classification of Financial Instruments): ISO 10962
  • FISN (Financial Instrument Short Name): ISO 18774

The DSB has produced two OTC derivative identifier explainers; the first an overview of the different identifiers and their role and the second a more in-depth description of the identifiers. 

The public authorities of the individual jurisdictions are responsible for mandating the use of the ISIN, UPI, CFI and FISN. The DSB closely monitors initiatives relevant to these identifiers.

The following list provides an overview of the current and proposed mandates relating to the use of the ISIN, UPI, CFI and FISN.

The DSB will update the list regularly. Please contact us using our contact page if you identify missing legislation relevant to the adoption of the ISIN, UPI, CFI or FISN.

The contents of the table below should not be taken as legal advice. Market participants should seek legal or other professional advice in relation to any particular matters they or their organisation may have in relation to these rules.

JurisdictionIdentifiers Referenced in Rule/DocumentDocument TypeName of Rule/DocumentEffective DateStatusMore Information
OTC ISIN: ISO 6166UPI: ISO 4914CFI: ISO 10962FISN: ISO 18774
AustraliaConsultation PaperConsultation Paper 36116-May-22 to
Consultation ClosedLINK
AustraliaRuleASIC Derivative Transaction Rules (Reporting) 202421-Oct-24ApprovedLINK
CanadaConsultation PaperProposed Amendments to Multilateral Instrument 96-1019-Jun-22 to
Consultation ClosedLINK
CanadaConsultation PaperProposed Amendments to OSC Rule 91-5079-Jun-22 to
Consultation ClosedLINK
European UnionRuleEMIR: COMMISSION IMPLEMENTING REGULATION (EU) 2022/1860 29-Apr-24ApprovedLINK
European UnionRuleMiFID II: COMMISSION DELEGATED REGULATION (EU) 2017/5853-Jan-18ApprovedLINK
European UnionRule MiFID II: COMMISSION DELEGATED REGULATION (EU) 2017/5903-Jan-18ApprovedLINK
European UnionRuleMiFID II:COMMISSION DELEGATED REGULATION (EU) 2017/5833-Jan-18ApprovedLINK
Hong KongConsultation PaperJoint further consultation on enhancements to the OTC
derivatives reporting regime for Hong Kong
22-Mar-24 to
Consultation ClosedLINK
JapanConsultation PaperConsultation on “Definition and Interpretation of the matters to be reported”12-Sep-22 to
Consultation ClosedLINK
JapanConsultation PaperRegulation of Over-the-Counter Derivatives Transaction1-Sep-23 to
Consultation ClosedLINK
JapanRuleRegulation of Over-the-Counter Derivatives Transactions7-Apr-25ApprovedLINK
MexicoRuleCIRCULAR 19/2022Please see linkApprovedLINK
MexicoRuleCIRCULAR 20/2022N/A – timeline for circular 19/2022ApprovedLINK
SingaporeConsultation PaperConsultation Paper on Proposed Amendments to the Securities & Futures Regulations5-Jul-21 to
Consultation ClosedLINK
SingaporeRuleSecurities and Futures (Reporting of Derivatives Contracts) (Amendment) Regulations 202421-Oct-24ApprovedLINK
SingaporeResponse PaperResponse to Public Consultation on Proposed Amendments to the Securities & Futures (Reporting of Derivatives Contracts) RegulationsOct-24ApprovedLINK
United KingdomRuleThe Technical Standards (EMIR Reporting and Data Quality and Miscellaneous Amendments) Instrument 202330-Sep-24ApprovedLINK
United KingdomRuleUK EMIR: Commission Implementing Regulation (EU) No 1247/20121-Jan-21ApprovedLINK
United KingdomRuleUK MiFID II: COMMISSION DELEGATED REGULATION (EU) 2017/5851-Jan-21ApprovedLINK
United KingdomRuleUK MiFID II: COMMISSION DELEGATED REGULATION (EU) 2017/5901-Jan-21ApprovedLINK
United KingdomRuleUK MiFID II: COMMISSION DELEGATED REGULATION (EU) 2017/5831-Jan-21ApprovedLINK
USARuleTechnical Specification: Parts 43 and 4529-Jan-24ApprovedLINK


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