FINRA Launches Machine-Readable Rulebook Initiative
Retrieved on:
Friday, October 21, 2022
Finance, Law Enforcement, Emergency Services, Professional Services, Legal, Public Policy, Government, Risk management, API, SEC, Efficiency, Education, Financial innovation, Research, Nokia 3210, Technology, Industry, 3rd millennium, FINRA, Associate, FIRST, Head, Nokia 3220, Compliance, Financial adviser
FINRA announced today that it has launched a machine-readable rulebook initiative designed to enhance firms compliance efforts, reduce costs and aid in risk management.
Key Points:
- FINRA announced today that it has launched a machine-readable rulebook initiative designed to enhance firms compliance efforts, reduce costs and aid in risk management.
- As part of this initiative, FINRA has created a prototype of a rulebook search toolthe FINRA Rulebook Search Tool (FIRST).
- The taxonomy applied to the FINRA rulebook, as part of the machine-readable rulebook initiative, is made available through FIRST using a browse functionality that allows users to explore the summary topics and detailed topics before selecting search terms.
- Through the rulebook API on the FINRA API Platform, firms can ingest the rule content along with taxonomy terms applied to each of the 40 tagged FINRA rules.