What is the role of the ISO 20022 Registration Management Group (RMG)?
Composed of senior industry experts, the RMG is the highest registration body. It is assigned overall management of the use of the standard under Technical Committee 68 – Financial Services (TC68) of the International Organization for Standardization (ISO). It monitors the overall registration process, including the performance of the other registration bodies. It defines the scope of necessary SEGs and acts as a “court of appeal” in case of conflicts between the RA, the SEGs and the standards initiatives that want to develop ISO 20022 messages. It approves the business justifications for new messages or updates to existing messages and then allocates it to the relevant SEGs. It also gives an expert opinion on the business and operational impact of any change request that would be received by ISO to amend the ISO 20022 standard. The RMG had its inaugural meeting in January 2005 and currently has 34 delegations from the following ISO countries and liaison organizations: Australia, Austr
