The ISO 20022 Standards Evaluation Groups (SEGs) are made up of industry experts in specific business domains of the financial industry as defined by the ISO 20022 Registration Management Group (RMG). SEG members are nominated by ISO TC68 member countries and liaison organisations. Click here to download a copy of the current ISO20022 Governance Procedures. The role of a SEG is twofold:
1. To ensure that the right industry groups are informed of proposed developments to ensure all business requirements will be addressed.
2. To validate the newly developed messages from a business perspective as representative of future users. This is to ensure that what will be posted in the UNIFI repository by the RA really addresses the needs of future communities of users as described in the business justification accepted by the RMG in the first place.
The RMG defined the scope of four SEGs: 'Payments', 'Securities', 'FX (Foreign Exchange)', and 'Trade Services'.
Standards Evaluation Groups
