May 4th 2021 - Regulation Innovation SIG Meeting Minutes

[agitana]

Regulation Innovation SIG

Date

May 4th 2021 - 12pm EST / 5pm GMT

Untracked attendees

• Andrew Stuart / Amex
• Blaine Stone / Suse
• David Ehrich / AIR
• Ian Hollowbread / ING
• James Nicholls / Braithwate
• Nicolas Decouttere / Regnosys
• Nils Cluzel / Braithwate
• Richard Maton / Aperio Strategy
• Samuel Meehan / Change Gap
• Sarah Sinclair / Change Gap
• Steve Grill / Fintech Studios
• Steven Beerh / Change Gap

Meeting notices

• FINOS Project leads are responsible for observing the FINOS guidelines for running project meetings. Project maintainers can find additional resources in the FINOS Maintainers Cheatsheet.

• All participants in FINOS project meetings are subject to the LF Antitrust Policy, the FINOS Community Code of Conduct and all other FINOS policies.

• FINOS meetings involve participation by industry competitors, and it is the intention of FINOS and the Linux Foundation to conduct all of its activities in accordance with applicable antitrust and competition laws. It is therefore extremely important that attendees adhere to meeting agendas, and be aware of, and not participate in, any activities that are prohibited under applicable US state, federal or foreign antitrust and competition laws. Please contact legal@finos.org with any questions.

• FINOS project meetings may be recorded for use solely by the FINOS team for administration purposes. In very limited instances, and with explicit approval, recordings may be made more widely available.

Agenda

• [x] Convene & roll call (5mins)
• [x] Display FINOS Antitrust Policy summary slide
• [x] Review Meeting Notices (see above)
• [x] Approve April 6th Meeting minutes - meeting minutes were approved
• [x] Proposed project: Regulatory Taxonomy and Ontology Development (Sarah Sinclair & James Nicholls)
• [x] Update on other potential projects:
  • [x] FDC3 Extension for RegTech (@ianhollowbread )
  • [x] SDLC / DevOps Mutualization (@mcleo-d)
• [x] AOB, Q&A & Adjourn (5mins)

Action Items

• [ ] FINOS to promote Taxonomy & Ontology project proposal
• [ ]

  WebEx info

• Meeting link: https://finos.webex.com/finos/j.php?MTID=mc39f602c94618d58437eac6707b6b5ab
• Meeting number: 127 988 1411
• Password: d9kKJPdX5C9
• More ways to join:
  • Join by video system: Dial 1279881411@finos.webex.com. You can also dial 173.243.2.68 and enter your meeting number.
  • Join by phone: +1-415-655-0003 US Toll | +44-20319-88141 UK Toll | Access code: 127 988 1411

[mcleo-d]

Hello 👋

[gyehuda]

Hello all!

[stephengoldbaum]

Hello

[Ivan-Radovanovic]

hello

[anelledavis]

Here - hello!

[agitana]

hi!

[toshaellison]

Here! (Tosha Ellison, FINOS)

[andrewstuart]

Hello there. :smile:

[TLATER]

o/

[Arilova]

Hello, RANDRIAMIADANA Zakasoa Arilova (University of Antananarivo, Madagascar)

[alvin-c-shih]

Howdy!

I'm not really in the regulatory space, but if something NLP-related becomes active, I can probably loop people in.

Even simpler than NLP is the idea of a "readability score" for prospectuses. The goal would be to incentivize funds to write them in a way that doesn't trip up investors - or guide casual investors away from complex products.

[mvanbuskirk]

Here

[ericaddy1]

Hello

[RichardWagener365]

Hi

[mcleo-d]

Howdy!

I'm not really in the regulatory space, but if something NLP-related becomes active, I can probably loop people in.

Even simpler than NLP is the idea of a "readability score" for prospectuses. The goal would be to incentivize funds to write them in a way that doesn't trip up investors - or guide casual investors away from complex products.

Thanks for your comment @alvin-c-shih 👍

I'll make sure @ianhollowbread, @DavidVtFreshAIR, @agitana and @toshaellison are aware of your suggestion.

James.

[alvin-c-shih]

I guess I'll add that I was on a team for FINRA's Buildathon 2019 at MIT's Media Lab that was working on the theme of "Senior Investor Protection". Readability score was the first part. The second part was something that helped flag financial jargon / trap door language that increased risk or allowed deviation from the main strategy. This might be workable across web sites as a browser plugin.

[github-actions[bot]]

Couldn't find the following GitHub usernames on file: @Ivan-Radovanovic, @Arilova, @andrewstuart, @ericaddy1 . /CC @aitana16 @maoo @mcleo-d