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What is the role of the ISO 20022 Registration Authority (RA)?

April 26, 2017authority ISO RA registration

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What is the role of the ISO 20022 Registration Authority (RA)?

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The RA is the guardian of the ISO 20022 financial repository which contains the Data Dictionary with all business and message components, and the Business Process Catalogue with the business areas, message models and derived XML message schemas. The RA’s mission is (1) to ensure compliance of developed messages with the approved technical specifications, (2) to generate the XML schemas, and (3) to publish the financial repository and maintain www.iso20022.org on behalf of ISO. The RA cannot take any action without prior consultation and approval of either the RMG or the SEGs. SWIFT has been appointed by ISO as the ISO 20022 Registration Authority.