On Feb. 20, CSA on unique product identifier reporting requirements.
CSA issued Notice 96-306 on Order 96-933 re exemptions from derivatives reporting.
Enabled participants to report unique product identifiers for commodity derivatives as required under current rules after amendments come into effect in Jul. 25, #140360.
Provided participants with exemptions for a limited time to enable them to continue to report unique product identifiers (UPIs) for commodity derivatives as required by rules.
Blanket order enabled trade repositories to reflect exemption in validation procedures.
TR UPI that is reported in creation data or lifecycle event data is not required to be updated to derivatives service bureau (DSB) UPI after the revocation date.
Must be done in accordance with Order 96-933, between Jul. 25 and revocation date.
Lifecycle data that includes a UPI and is reported after revocation must be reported as a DSB UPI even if creation data in respect of derivative was reported as a TR UPI.
Recognized that it may be difficult/costly for repositories to keep separate data for existing derivatives, participants may have to change trade reporting UPI to DSB UPI.
Encouraged market participants to contact their trade repositories to understand any upcoming changes that may apply to their specifications after the revocation date.
Effectiveness
Effective Jul. 25, 2025, and will cease to be effective Jan. 24, 2027, unless extended.
