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The Final Report on the DSB Legal Terms and Conditions consultation as well as the proposed draft 2023 DSB Main Terms and Policies, collectively known as the ‘Agreement’, were published on 12 April 2022.The changes are primarily the result of the requirement to incorporate provisions for the UPI Service into the legal documentation and policies. A summary of industry feedback received on the consultation paper as well as the legal provisions and associated mechanisms to be taken forward with respect to DSB legal documentation are outlined in the DSB Legal Terms and Conditions Final Report.
The UPI Service will be incorporated into the existing DSB legal framework that is utilized for the OTC ISIN Service, such that there is a Common Agreement. The revisions to the legal documentation are largely structural and process related to ensure that they are fit-for-purpose for both the OTC ISIN and UPI Services. They affect the way in which User’s contract with the DSB and the way in which the resulting agreements are documented.
To aid existing Users of the OTC ISIN Service, a Summary of Amendments document has been produced to outline changes compared to the existing Agreement. Existing OTC ISIN Users have been transitioned to the new document structure, via a Variation Notice. The Variation Notice and details of the transition were provided to each user who has a DSB Access and Usage Agreement on 28 September 2022.
The consultation closed on 2nd September 2022.
The final 2023 DSB Agreement and the associated Policies were published on 28th September 2022.
The Final Report on the annual consultation, related to the 2023 service provision, was published on 30 June 2022. The Final Report presents a final snapshot of changes to be taken forward in 2023 and should be read in conjunction with the Industry Consultation Questions document.
This consultation opened on 29th April 2022 and closed on 30th May 2022.
The consultation paper sought to obtain industry views on a broad range of topics arising from user feedback during the prior 12-month period and to determine appetite for enhancing the DSB’s services within the communal cost recovery ring-fence. The document sought to present information for market participants’ review and feedback, with the consultation focusing on a range of questions relating to transformation work following the detailed technical review of the DSB’s cloud infrastructure in 2021, enterprise-wide risk monitoring tools and enhancements to the DSB Graphical User Interface. Market participants’ views on continuing to offer Virtual Private Network connectivity as part of the cost recovery service and on the roll-out of the Client Onboarding and Support Platform (COSP) to OTC ISIN Users were also requested.
A webinar to address consultation related queries took place on Wednesday 11th May 2022. The webinar set out the key themes in the DSB Consultation Paper of 2022. The purpose of the webinar was to provide industry with an opportunity to submit any questions following publication of the consultation paper. The accompanying slide deck is designed to work in conjunction with the consultation document. Access the recording using the buttons on the right-hand side.
All responses have been published below .
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