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Digital & dataMay 4 2023

UPI testing for OTC trades now available

The EU is just the first jurisdiction to require UPI reporting, with the UK, US and Australia also publishing mandates. Compliance deadlines will be swift to follow. Sarah Kocianski reports. 
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UPI testing for OTC trades now availableImage: Getty Images

The Derivatives Service Bureau (DSB) has announced that its User Acceptance Test (UAT) environment is now live. This is ahead of the EU’s April 2024 deadline for firms to include Unique Product Identifiers (UPIs) in their reporting of over-the-counter trades.

Simultaneously, the DSB’s self-service Client Onboarding Support Platform (COSP) – which allows firms to onboard the UPI service and manage their subscription to it online – was made available. 

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