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ANNA Annual Report.Indd Association of National Numbering Agencies scrl AAnnualnnual RReporteport 22014013 Contents 3 Chairman’s Report 2014 5 Objectives and mission statements of ANNA 6 General meetings – ANNA administrative review 2014 13 ANNA Service Bureau – report for 2014 14 Securities business and state of ISIN implementation – worldwide 16 Allocation of ISIN for new financial instruments 19 Working Groups, Task Forces and Reginal Groups 25 List of members by COUNTRY as per May 2015 Appendices 29 A ISO 6166 – an outline of the standard 30 B ANNA Guidelines for ISO 6166, Version 12, August 2014 40 C Geographical division of countries among substitute agencies as per May 2015 50 D ISO 10962 – outline of the CFI-(Classification of financial Instruments-) Code 2 www.anna-web.com Chairman’s Report 2014 Dear ANNA Members and Partners, Association strategy, re-evaluating the approved short, medium and long term The year 2014 has been referred to as the direction. Some modifications were made transitionary year from the Age of Recovery to and the Association strategy was presented the Age of Divergence. for validation by the members at the last EGM; Looking at the events of 2014, Central Bank - A growing number of ANNA members actions and divergence have been the under- continued to contribute to the evolution of lying themes. The view remains that these the ISO 17442 – Legal Entity Identifier (LEI) two factors are having and will continue to standard, to promote ANNA’s federated have, significant influence on the global model and the value added benefits of our financial markets and the direction they will model and the National Numbering Agencies take in the near future. (NNAs). We have seen a considerable proportion of the appointed LEI Local One key observation from 2014 was the Operating Units being taken up by the NNAs resurgence of the US dollar as one of the in their jurisdiction of responsibility. This preferred currencies in the world. The in- illustrates clearly the benefit of the synergies creased important of the Chinese Renminbi of identifier numbering; must also be noted, as it moved to #7 of the - ANNA’s continued development and appli- most actively used currencies in trade finance. cat- ion of the Membership and Partner It is very likely that the IMF will make it one of Guidelines has continued to bring a strong the basket currencies for SDRs in the very results by ensuring membership and partner near future. compliance in key areas – with clear positive impacts being realised according to feed- Oil prices on the other hand crashed from a back from the ASB operators; high of $116 per barrel to end the year around - Work linked to the revision of the ISO 10962 the $60 per barrel mark. Not good news for (CFI) standard through Working Group 6 was oil exporting countries around the world. Yet successfully completed. We expect the the stock markets continued to climb, achieve FDIS to be published in late 2015. Although new highs and the financial markets continue the Working Group decided not to keep an to see growth – so there remains a degree of RA role for the standard, the role of the optimism for what 2015 has in store. NNAs in the assignment of the CFI remains key for the future; For ANNA, its members and their integral - Within WG14, revisions of the ISO 18773 roles in the global financial marketplace – and 18774 standards where completed – 2014 saw the launch of the next stages in our and we saw the merging the two standards evolution and future global positioning strate- into a single, more comprehensive standard gy. encompassing both abbreviations and short name characteristics. ANNA remains the Below I summarise some of the main topics key candidate to be appointed as the that the ANNA membership and the Board of Registration Authority when the standard is Directors put focus on during the course of published and the ANNA Board continues to 2014: work with ISO to meet their requirements in this regard; - Most notable was the launch of the new - At the end of 2014, we reached agreement ASB 2014 and the associated upgraded on the long standing open item regarding ASB database. This included launching a ANNA’s tax status/treatment in Belgium. new ASB data record + associated elements This brings to a close a file that has been in (existing and new) which went live in No- progress for a number of years – with a vember 2014. We have already achieved successful overall outcome for the Associa- critical mass in terms of member adoption; tion; - Directly linked to the above, the ANNA - The ANNA Board again put more focus on Board undertook a review of the current aspects of visibility (both internally and The ANNA Board of Directors Chairman: Mr Dan Kuhnel Euroclear Bank Hong Kong Branch Vice Chairman: Mr Uwe Meyer WM Datenservice Germany Executive Secretary: Ms Emma Kalliomäki London Stock Exchange United Kingdom Treasurer: Mr György Dudás Keler Hungary Marketing Director: Mr Martín Paladino Caja de Valores Argentina www.anna-web.com 3 externally). A key development being to introduce new concepts into the General Meetings to create more input from the members. In addition, the ANNA Board identified a number of external conferences that offered visibility opportunities in the financial services space; - Lastly, in respect of the ANNA Board com- position, Markus Heer left the ANNA Board at the end of the year. On behalf of the Association, I wish to thank him for his contributions to the Association’s objectives over the years. I also take this opportunity to share the new members and partners that joined ANNA in the course of 2014. We look forward to further enhancing our working cooperation with them. • Entidad de Deposito de Valores de Bolivia SA (Bolivia) – Full member • Central Depository of Armenia OJSC (Armenia) – Full member • CEVALDOM (Dominican Republic) – Full member • Central Depository & Settlement Co. Ltd (Mauritius) – Full member • Qatar Financial Markets Authority (Qatar) – Full member • Maldives Securities Depository Company (Maldives) - Partner These additions brought the composition of the Association at 2014 year-end to 89 full members and 27 partners representing 123 countries. I am certain that 2015 will continue to present challenges to the ANNA Board, the ANNA Service Bureau, our dedicated Working Groups and Task Forces - as we continue our focus on data quality and accuracy related matters and continue our dedicated efforts to ensure the Association evolves and continues to meet the requirements of all financial standards users. I look forward to continuing to work with the members as the Association continues to evolve. Yours sincerely Dan Kuhnel Chairman 4 www.anna-web.com Objectives and mission statements of ANNA Objectives: Mission of ANNA: 1. Global promotion of ISO standards under ANNA (the “Association of National Numbering ANNA's Control Agencies”) is a global industry association, with a presence in excess of 120 countries, • Give assistance to members comprising a membership of Central Banks, • Promote National Numbering Agencies Central Securities Depositories, Data Vendors, (NNAs) involvement Regulators and Stock Exchanges. • Give assistance and support to market participants with regards to standards Mission Statement • Full ISIN coverage where no NNA exists • Support ANNA membership We are committed to providing actionable • Monitor ANNA members rights and global ID and reference data products and obligations services to global market participants, includ- • Define role of Partners and Substitute NNAs ing Regulators and the financial services • Develop marketing strategies and increase industry to uniquely identify, classify and visibility of ANNA describe entities and financial instruments. 2. Make available We proactively promote, implement and maintain standards for entities and related • International Securities Identification financial instruments and make related infor- Number (ISIN) allocation according to mation available in a uniform and accurate ISO Standard 6166 structure for the benefit of global markets and • Classification of financial instruments (CFI) the securities industry as a whole. allocation according to ISO Standard 10962 • Dissemination of ISIN and CFI through Our federated model uniquely positions us as NNAs and ANNA Service Bureau (ASB) the leading association able to offer local • Products of the ASB: ISIN_Access (Look-up market expertise to the global community. service) and ISIN_db (Daily datafeed) 3. Quality • Develop and proactive maintenance of ISIN- and CFI-guidelines • Monthly reporting by ASB and other statisti- cal information • Ensure timeliness / accuracy / availability 4. Committed to work for the benefit of the financial industry • ISIN- CFI- guidelines • Interaction of ANNA with the external world www.anna-web.com 5 General meeting – ANNA administrative review 2014 ANNA Annual General Meeting, outlook of the planned financial activities over Reykjavik / Iceland 22 & 23 May 2014 the coming months. The Chairman, Mr. Dan Kuhnel, opened the Possible relocation of ANNA and meeting, welcomed the delegates and related matters thanked the Icelandic Securities Depository Ms. Emma Kalliomaki, ANNA Executive for hosting this General Meeting. Secretary, provided a summary on the history of the issues leading to considerations about Attendance consisted of 43 ANNA members a possible relocation of ANNA to another present and an additional 28 members jurisdiction. represented through a Power of Attorney. This resulted in an attendance of 84.5%; sufficient Following
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