InvestorsHub Logo
Followers 28
Posts 1761
Boards Moderated 1
Alias Born 07/24/2003

Re: zen 88 post# 56556

Thursday, 10/28/2004 6:39:01 PM

Thursday, October 28, 2004 6:39:01 PM

Post# of 249233
OT: FINREAD Heading for Standardization

FINREAD was placed on the International Organisation for Standardisation's (ISO) agenda last September.

http://www.cartes-bancaires.com/CBMag/24/en/enews/index.htm

© Dominique Maître

The FINREAD specifications are continuing to make headway towards international standardisation. In May 2001, the CEN (European Committee for Standardisation) approved the FINREAD specifications in the form of a CWA (CEN Workshop Agreement), and has since done the same for Embedded FINREAD in September 2003. The FINREAD partners then submitted these specifications to ISO (International Organisation for Standardisation) and its 146 member countries, with the aim of getting FINREAD adopted as an international standard.
The first stage in this procedure was successfully completed in early September 2004 when ISO placed FINREAD on the agenda of one of its committees (ISO/IEC JTC1/SC17) following a positive vote by 20 of the countries out of the relevant committee's 31 members. Seven countries (China, France, Germany, Japan, New Zealand, Singapore and South Africa) will take part in the standardisation work scheduled to commence very shortly. This standardisation work should ultimately lead to FINREAD's adoption as an international standard (IS), and the recognition of these specifications by all stakeholders at the global level. Watch this space!





Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.