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: https://www.anna-dsb.com/2027-otc-isin-upi-and-cfi-service-provision-consultation/
