ANNA Newsletter May 2023

Dear Reader

On behalf of the ANNA Management Committee members, it is my pleasure to introduce our latest ANNA Newsletter. Our Newsletters focus on sharing items of interest and new developments of financial instrument identification and classification – the core remit of ANNA’s member firms.

In this edition, we once again share a number of interesting initiatives submitted by some of our member National Numbering Agencies (NNAs) linked to improving efficiency and creating market enhancements. We hope this latest edition will be of interest.

I want to add in this introduction that during my tenure as the Chairman of the Association, I have had many opportunities to reflect on how the markets we serve as NNAs, have grown, developed and progressed. I have also observed the growing importance of financial instrument identifiers and classifiers across the international capital markets globally. Today the ISO identifiers and classifiers that our member organisations assign for the benefit of the capital markets we serve are an integral part of the global financial market ecosystem, now more so than ever. Those identifiers assigned to financial instruments are mandatorily required attributes and are key to not only front, middle and back-office flows but are now fundamental to regulatory reporting, compliance, KYC and AML activities.

ISO identifiers and classifiers are also becoming established in the more innovative area of Digital Assets. The efforts of ANNA and its members are now solidly embedded in day-to-day financial market processes and create a backbone for these markets to use as a trusted source of information. This is a tremendous achievement for ANNA and its member organisations, and we should all be very proud of what we have achieved to date – whilst also recognising that there will be more to be done in the future.

In respect of the Newsletter, we always welcome your thoughts, comments and suggestions on how to keep it relevant and of interest to the readers, so we are always happy to receive your feedback.

We very much hope you enjoy this latest edition.

Thank you 
Dan Kuhnel
ANNA Chairman

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INDUSTRY PERSPECTIVES

Q&A with ASB Operators
Marc Honegger, Executive Director, SIX Financial Information and Darren Purcell, Senior Director, CUSIP Global Services, share their thoughts on the ANNA Service Bureau (ASB), its benefits and plans for the future. Read the full interview on our website. 

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Q&A with Andreas Hoepner and Stephan Dreyer
In this Q&A on regulatory developments in sustainable finance, ANNA’s Stephan Dreyer speaks to Prof. Andreas Hoepner, Full Professor of Operational Risk, Banking & Finance at the Smurfit Graduate Business School of University College Dublin and Head of the Data Science Hub of the EU Platform for Sustainable Finance. This interview was also featured in TabbFORUM.

MARKET UPDATE

ANNA announced the completion of the implementation of the revised ISO 6166  International Securities Identification Number (ISIN) standard
We are pleased to announce the completion of the technical implementation of the revised ISO 6166 International Securities Identification Number ISIN standard. NNAs must now formally report Legal Entity Identifiers, Classification of Financial Instruments (CFIs), and the Financial Instruments Short Names (FISN), and where available, Legal Entity Identifiers (LEIs), to the ANNA Service Bureau (ASB), increasing data coverage and data quality.

EMSA’s Digital Ledger Technology (DLT) Pilot Regime goes live as over 50 security tokens now given Digital Token Identifier (DTI) Identifiers
ANNA comments on ESMA’s Digital Ledger Technology (DLT) Pilot regime. The Pilot allows some exemptions from the EU’s MiFIR and CSDR regimes, making it easier for market participants to trial DLT when trading and settling financial instruments. The Pilot also helps bring pre-and post-trade transparency and market abuse monitoring to DLT-based securities.

The Derivative Service Bureau (DSB) announces the Unique Product Identifier (UPI) Service launch dates
The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, announced the launch date for the Unique Product Identifier (UPI) Service following the publication of the CFTC Designation Order confirming the UPI to be required in Record Keeping and Swap Data Reporting in the United States from 29 January 2024. 

DSB UPI UAT Launch Webinar, on demand
The webinar included an overview of the DSB and the UPI, UPI User Types and connectivity options, how to onboard using the Client Onboarding and Support Platform (COSP), the UPI Product Definitions, indicative User Fees and UAT operating times. The webinar recording, plus materials, are now available on the DSB website.

DSB Monthly Metrics – March 2023
OTC derivative reference data creation and search trends for the month ending March 2023 are now available to view on the DSB website.

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.