The ISO 20022 Registration Authority (RA) reports into the RMG and works with the RMG, SEGs and relevant sub-groups to validate and process standards change requests, registration requests and business justifications from participants in accordance with ISO 20022 Registration Procedures. It also manages subgroups such as the ISO 20022 Real Time Payments Group, which aims to increase harmonisation around the use of ISO 20022 for real time payments. The RMG manages Standards Evaluation Groups (SEGs) in Payments, Securities, Trade Finance, Foreign Exchange and in the Card and Retail areas. This global group composed of senior industry experts that acts as the registration body for the ISO 20022 standard. The ISO 20022 Registration Management Group (RMG) is a global group. Since 1948, members of the financial services industry have collaborated under the ISO banner to develop technical standards to use on a global basis. One of ISO’s 200+ technical committees, Technical Committee 68 (TC68), is responsible for developing global financial industry standards. TC68 is the only ISO Technical Committee fully dedicated to creating financial industry standards. ISO’s various standards are developed through Technical Committees and their designated subcommittees.

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