Bid document

INTENT TO SOLE SOURCE

London Stock Exchange

#SS-OFR-27-003

Treasury Common Services Center (TCSC) Procurement, on behalf of The Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC), intends to contract with London Stock Exchange Group PLC, 10 Paternoster Square London EC4M 7LS United Kingdom. There is no competitive vendor or regulatory agency that provides these datasets. London Stock Exchange (LSEG) has exclusive rights to the required Masterfile data.
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), which created the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR).
The FSOC is charged with three primary purposes: to identify risks to the financial stability of the United States, to promote market discipline, and to respond to emerging threats to the stability of the U.S. financial system. The FSOC brings together the expertise of federal financial regulators, state regulators, and an insurance expert appointed by the President. The mission of the OFR is to support the Financial Stability Oversight Council (“the Council”) in promoting financial stability by: collecting data on behalf of the Council; providing such data to the Council and member agencies; standardizing the types and formats of data reported and collected; performing applied research and essential long-term research; developing tools for risk measurement and monitoring; performing other related services; making the results of the activities of the OFR available to financial regulatory agencies; and assisting such member agencies in determining the types of formats of data authorized by Dodd-Frank Act to be collected by such member agencies. Pursuant to its mandate, OFR has a Memorandum of Understanding with the Depository Trust and Clearing Corporation (DTCC) for DTCC National Securities Clearing Corporation (NSCC's) ETF PCF Portfolio Data, Historical Data, and Near-Time Supplemental File. This data is provided to OFR from DTCC, however the agreement requires OFR to maintain its own license with the London Stock Exchange Group (LSEG) for LSEG’s Stock Exchange Daily Official List (SEDOL) Masterfile®. The SEDOL Masterfile is a unique securities identifier specific to the London Stock Exchange. The OFR and FSOC currently use the proposed contractor’s sole source product for the qFSI monitor and annual report content pursuant to its mission to deliver an annual assessment of the state of the