The Derivatives Service Bureau (DSB), the global golden source of reference data for over-the-counter (OTC) derivatives, is inviting senior industry practitioners to apply to the Governance Advisory Committee (GAC). The GAC advises the DSB Board and gives market participants a voice in the evolution of the DSB’s International Securities Identification Number (ISIN) and Unique Product Identifier (UPI) services. The GAC’s second two-year term begins in January 2027 with applications to join the GAC closing on 10 November 2026.
The GAC is instrumental in providing industry perspectives to the DSB, advising on the user subscription terms and policies, the cost recovery fee model structure, the market positioning of the DSB, and the control frameworks it uses. With the DSB’s shift to a discovery phase – one that deepens its understanding of its users and the broader ecosystem in which they operate - this is an opportune time for market participants with relevant expertise to help shape the DSB’s future services and operating model.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “Stakeholder input plays an important role in helping the DSB deliver services that meet market requirements while maintaining a fair approach to cost allocation. As we undertake a holistic review of the DSB over the coming year, the GAC's input will be particularly important, and I look forward to working with the committee as it starts its new term."
As the GAC advises on the DSB's business and governance model, members are sought from senior positions within their organisations, with experience of the regulatory frameworks, OTC derivatives and market structure. Applications are encouraged from across the global OTC derivatives ecosystem, so that membership reflects a balance of institutions by function, size and geographic region. Candidates interested in participating in the renewed term are welcome to apply.
The timeline for the appointment of members to the next GAC term is set out below:
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13 October 2026: Call for participation opens
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10 November 2026: Closure of applications
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Early December 2026: Announcement of the GAC’s members
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January 2027: First meeting of the renewed GAC
The GAC Charter for 2027/29 can be viewed here: Governance Advisory Committee (GAC) - DSB
Applicants are required to submit the application form together with their CV, to GACMembership@anna-dsb.com. Further information is available on the DSB website https://www.anna-dsb.com/governance-advisory-committee/.
