CPMI and IOSCO Publish Consultative Report on the Unique Transaction Identifier

The Committee on Payments and Market Infrastructures ("CPMI") and IOSCO published a consultative report, titled "Harmonisation of the Unique Transaction Identifier." The report is a response to the Financial Services Board's request that CPMI and IOSCO develop global guidance on the harmonization of data elements that are reported to trade repositories and are important for the aggregation of data by authorities, including the Unique Transaction Identifier ("UTI") and Unique Product Identifiers. Comments on the report must be submitted by September 30, 2015.

See: "Harmonisation of the Unique Transaction Identifier"; CPMI and IOSCO Press Release.Related news: FSB Releases Progress Report on OTC Derivatives Reforms (April 14, 2014); CPSS and IOSCO Publish Consultative Report on Global Authorities' Access to Trade Repository Data (April 11, 2013).