ANNA Announces Restructure
Transparency is the driver, says Association of National Numbering Agencies
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Numbering agencies association creates new subsidiaries for service bureaus, including ISIN allocation bureau.
The Association of National Numbering Agencies (ANNA) has announced plans to make changes to its structure.
The ANNA Service Bureau (ASB) will be spun off into its own special purpose vehicle (SPV) as a subsidiary. ANNA will also create another subsidiary SPV to house the new Derivatives Service Bureau, which will host the service for the allocation of International Securities Identification Number and data services for over-the-counter derivatives.
"Our objective in making these structural changes is to formalize the oversight of the service bureaus with the goal of high responsiveness to user requirements, transparency in financial management and reporting, and overall high performance in operations," says Dan Kuhnel, chairman of ANNA's board of directors.
The SPVs for the two service bureaus will each be governed by a separate board of directors and overseen by ANNA.
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