ANNA Newsletter December 2025

Dear Reader,

Having been re-elected to the board in June, it’s been a pleasure to continue to serve the ANNA community. In this end-of-year newsletter we take a moment to reflect on ANNA’s key achievements over the past few months, whilst looking forward to 2026.

Since the AGM in Croatia, ANNA has continued to be at the forefront of financial instrument standardisation submitting its responses to the FCA’s consultation paper CP25/14 on stablecoin issuance and cryptoasset custody in July, and to ESMA’s call for evidence on a comprehensive approach for the simplification of financial transaction reporting in September. These consultations play a key part in driving policy and I am proud that we continue to participate and collaborate with industry authorities on the future of identification standardisation.

We have also been incredibly active in promoting ASB services, forming partnerships and attending global events. In October, we were pleased to announce a partnership with CRB Monitor and the Digital Token Identifier Foundation to enhance tools that help financial institutions identify and manage exposure to digital assets, and across the final quarter of the year, we sponsored, participated in and advocated standardisation at multiple industry events. 

Along the way, we have also won some coveted industry awards including recognition for the ASB in the Waters Technology Rankings 2025 and for the ANNA/DTIF partnership at the A-Team Data Management Insights Europe Awards 2025. Both also won respective categories at The Regulation Asia Awards for Excellence 2025.

At our Extraordinary General Meeting in Oman in early December, additional applications for full membership and partnerships were ratified, further expanding the ANNA membership to 125. These meetings always facilitate the sharing of key industry knowledge and developments, but they are also a place where working and personal friendships are forged. It was here that we bid a fond farewell to our great friend Uwe Meyer,  ANNA Executive Director & Secretariat and Manager Standardization, WM Gruppe, who has served with ANNA for an astonishing 33 years! I think we can safely say that he has earned his retirement and I would again like to take this opportunity to thank him for the wisdom, time and support he has given myself and the wider ANNA community over the years.

As we move into the New Year, our work drives forward to ensure that standards continue to help shape the future of capital markets. We have external event representation already planned in Europe and Brazil for Q1 and GMs also scheduled in Switzerland and Bolivia for June and December respectively.
I am therefore excited about what we can achieve together and look forward to working alongside all our members in 2026.

We sincerely hope you enjoy this edition.    

Laura Stanley
Vice Chair of the Management Body, ANNA
Board Member, ANNA and the Derivatives Service Bureau (DSB)
Director of Entity Data and Symbology at London Stock Exchange Group (LSEG)

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INDUSTRY UPDATES

Advancing Global Standards: Germany’s contribution to Financial Standards – Stephan Dreyer explores Germany’s 70 year WKN legacy and its Impact on Global Financial Standards

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MARKET UPDATES

We are pleased to announce that we, together with the DTIF, have partnered with CRB Monitor to enhance tools that help financial institutions identify and manage exposure to digital assets.

Aligned with the Industry Consultation earlier in the year, and the principle of fair allocation of cost recovery across the UPI and OTC ISIN user community, from 1 Jan 2026, the DSB will be introducing a new fee-paying Distributor User Type. 

The DSB published 2026 fees for the UPI and OTC ISIN Services on 7 Oct 2025. Further details on the fee model and its underlying variables are available on the DSB website:
UPI Fees & Rules
UPI Fee Model Variables
OTC ISIN Fees & Rules
OTC ISIN Fee Model Variables

ANNA’s submits response to the FCA’s consultation paper CP25/14 on stablecoin issuance and cryptoasset custody.

Mandatory UPI reporting went live in Hong Kong (29 September), Korea (27 October) and Mexico (3 Nov). To support implementation, the DSB hosted webinars and produced the UPI guide translated into local languages.

ANNA submits response to ESMA’s call for evidence on a comprehensive approach for the simplification of financial transaction reporting.

You can see all the latest ANNA updates by visiting the ANNA website. You can also stay up to date by following ANNA on Twitter and Linkedin.