The Hedge Fund Regulation Ontology is an operational application of the Financial Regulation Ontology.
Semantic Compliance® is an ontological approach to regulatory reporting and oversight. The ontology defines semantic rules to process regulatory compliance forms. The purpose is operational for:
- Hedge Funds under the supervision of the Securities and Exchange Commission is to fill out Form PF (private fund).
- Regulators to extract Form PF filing data, transform and load it into semantic data structures.
Latest update: The Hedge Fund Ontology will be a package in the Financial Industry Business Data Model (FIB-DM) in Q3, 2019.
The data triples in this ontology instantiate
USC_Paragraph etc. along with their properties. They are loaded from
USC-2015-title12-chapter17, reverse engineered from the original data in Office of the Law Revision Counsel XML file.
FRO is a foundational part of a Semantic Web approach to regulatory compliance for (alternative) investment funds. FRO is populated with the full text of US laws and regulations for investment management and Bank regulations.
FRO is based on two industry standards:
- FIBO Financial Industry Business Ontology for funds, clients, securities, derivatives, positions, etc.
- LKIF Legal Knowledge Interchange Format for the law, SEC rules, forms, submissions, and responses.