Model Content Changes

For the May 2012 Submission.

Back to start

Working List:

Resolution info in CAPITALS

"Business" as a type of relative entity:

OK

already in, did we miss anything?

Sole Trader

DONE

mismatch with “Formal Organization” in that it is not constituted and has no members, so is not an organization:A Business may be a Sole Trader

A person trading as a Business becomes by that a Sole Trader

Organization:

Take a look at the W3C Organization Ontology:

DO WHAT WE CAN

How widely is it used?

Working draft - can influence - feed back any findings

Check/reconcile whole/part aspects of the two

Consider other terms in this model

Site conceptLink that the W3C geo thing perhaps. TRYAddress etc. - review domain of these properties (seems OK)Use of FOAF NO - banned in certain US agencies!!Use of VCard - NO - typically not used in some US agencies.

Role / partitioning (a Shared Semantics type of exercise).

INCLUDE: Member in role (we have entities in role; we don't have whether or not that entity must also be a “Member” of the Organization) - ACTUALLY WE DO - NO ACTION REQUIRED

Financial Commitment Counterparties

DESCOPED

This diagram is degrading due to changes in Legal grammar for REA/Transactions Shared Semantics

Need to complete that work if this element of the model is to be included in submission DESCOPE

Reporting Entities:

this part of the model refers to the legal logical combo / union that's been reworked to new syntax. OK

No other change on this?

SEC Rule definition of a kind of Parent (25% ownership)

REVIEW / FIX

Flexibility over defining kinds of ownership, control, voting stake ownership etc.

Percentages of each kind of ownership, control

Create example individuals and explore the second / third order relationships and things.

LEI Scope:

INCLUDE - get to the bottom of the subtleties of that Currently: Union of Legal Entity and Trust

Possibly: Any entity that has some contractual arrangement for its existence

Covers companies, partnerships, foundations, trusts et alAlternatively: Any entity that may enter into contracts on its own behalf

This one means just Legal Entity, and excludes Trusts