In line with their mandate to improve transparency, mitigate systemic risk and protect against market abuse, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published a consultative report with the purpose of developing global guidance on the harmonisation of data elements reported to trade repositories (TRs) and importantly for the aggregation of data by authorities, including the Unique Transaction Identifiers (UTIs) and Unique Product Identifiers (UPIs). The report focuses on the harmonised global UTI. The final objective is to produce clear guidance as to UTI definition, format and usage. The report seeks general and specific comments and suggestions from responders by 30 September 2015, to be sent to both the CPMI secretariat and the IOSCO secretariat.
The CPMI and IOSCO will also be issuing consultative reports in the coming months on the harmonisation of a first batch of key OTC derivatives data elements (other than UTIs and UPIs) and on the global UPIs and on other batches of key data elements other than UTIs and UPIs.