The statement from FISD is a voluntary guideline. It is not intended to be prescriptive, bureaucratic or contractually binding. FISD has no role in implementation of exchange fee notifications.
Implementation is a question for individual members.
Notice to vendors and users may run in parallel with any application required for regulatory approval. The project focuses on the need for a single, clear set of instructions relating to DADs and the need for cooperation among users, vendors and exchanges on logistics to achieve the cost benefits associated with a more efficient reporting process. The components section will specify that the contents of the DAD including frequency, periods covered, and declaration of counts. Not Posted, Section Under Development Members have asked FISD to establish a cross-constituency working group of data quality experts and technical specialists to define, develop and publish best practices in data quality management. John White, Manager of Data Integrity, Wellington Management Co. agreed to sponsor the Data Quality Working Group.