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Cross-referenced to actions listed on Actions for BE 1.0 FTF Completion for Reston OMG

Resolution A (BE-111; FIBOBE-_11)

Dependency: None  (can be done on the original pink)

...

  • with a skos:definition of "a not for profit organization that is a citizen-based group that functions independently of government"
  • with a fibo-fnd-utl-av:explanatoryNote of "NGOs are neither a part of a government nor a conventional for-profit business.  Usually set up by ordinary citizens, NGOs may be funded by governments, foundations, businesses, or private persons."
  • with a fibo-fnd-utl-av:explanatoryNote of "NGOs, sometimes called civil societies, are organized on community, national and international levels to serve specific social or political purposes, and are cooperative, rather than commercial, in nature."
  • with a fibo-fnd-utl-av:explanatoryNote of "Some NGOs avoid formal funding altogether and are run primarily by volunteers. NGOs are highly diverse groups of organizations engaged in a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be registered for tax exemption based on recognition of social purposes. Others may be fronts for political, religious, or other interests."
  • with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:PublicPurpose

...

  • with a skos:definition of "a not for profit organization whose objective is specific to some fundamental set of beliefs and practices generally agreed upon by a number of people, and that is incorporated under the law"
  • with a fibo-fnd-utl-av:explanatoryNote of "Often religious corporations are recognized under the law on a sub-national level, for instance by a state or provincial government. The government agency responsible for regulating such corporations is usually the official holder of records, for instance a state department of corporations."
  • with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:ReligiousObjective

...

*** Draft resolution document, with revisions as stated above, has been posted to JIRA issue BE-111, along with the relevant OWL and model files

 

Resolution B  (Removed) / Resolved

Dependency: None

Title: Juridical Person

Rationale:   see (2) (4) (6)

In LegalPerson.rdf,

change JuridicalPerson from a subclass of LegalEntity to a subclass of LegalPerson

Remove JuridicalPerson subclassof FormalOrganization (4)

Add subclassof restriction on property &fibo-be-le-lp;isLegallyDefinedIn some \[hasReach some GeopoliticalEntity\]   (2)

Add disjointwith &fibo-fnd-aap-ppl;LegallyCapablePerson (6)

 

Resolution C (BE-112; FIBOBE-_12)

Dependency: Resolution A

Title: "The class name and definition of GeneralStockCorporation is jurisdiction-specific and not sufficiently broad for banking requirements"

...

  • with a skos:definition of "a corporation whose objective is to make money, in other words, to ensure realization of a financial benefit such that the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain that activity"
  • with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:ProfitObjective
  • with a constraint that ForProfitCorporation is disjoint with NotForProfitCorporation

...

fibo-fnd-pty-rl:isPlayedBy some ((fibo-be-oac-cpty:holdsSomeMeansOf only fibo-be-oac-cpty:EquityBasedDeJureControl)
or (fibo-be-oac-opty:holdsAnInterestIn only fibo-be-le-cb:StockCorporation))

Resolution D (BE-96; FIBOBE-_9)

Title: The Legal Persons ontology is missing the concept of a Business Entity

...

  • add class BusinessLicense as a subClassOf License
  • add label "business license"
  • add skos:definition: "a license that allows the holder to conduct business or carry out a specific profession within some jurisdiction for some period of time" 
  • add adaptedFrom: Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012
  • add restriction: fibo-fnd-rel-rel:appliesTo exactly 1 BusinessEntity
  • add restriction: isRecognizedIn some Jurisdiction
  • add restriction: fibo-fnd-dt-bd:holdsDuring exactly 1 DatePeriod

Resolution E - Provide Expressions to Describe Liabilities of Business Entities (

...

Priority)

 

Depends on (D) because it refers to BusinessEntity

...

  • add class LimitedLiability as a subClassOf LiabilityCapacity
  • add label: "limited liability"
  • add definition: "a type of liability that does not exceed the amount invested in a partnership or limited liability company."
  • add definitionOrigin: http://www.investopedia.com/terms/l/limitedliability.asp
  • add explanatoryNote: "In a partnership, the limited partners have limited liability, while the general partner has unlimited liability. The limited liability feature protects the investor's or partner's personal assets from the risk of being seized to satisfy creditor claims in the event of the company's or partnership's insolvency."
  • add explanatoryNote: "The limited liability feature is one of the biggest advantages of investing in publicly listed companies. While a shareholder can participate wholly in the growth of a company, his or her liability is restricted to the amount of the investment in the company, even if it subsequently goes bankrupt and racks up millions or billions in liabilities."

  • add class UnlimitedLiability as a subClassOf LiabilityCapacity
  • add label: "unlimited liability"
  • add skos:definition: "full liability for the debt and other obligations of a legal entity."
  • add definitionOrigin: "http://financial-dictionary.thefreedictionary.com/Unlimited+Liability"
  • add explanatoryNote: "For corporations, partnerships, limited liability companies, trusts and other juridical persons, the assets of the entity itself may be subject to unlimited liability; while the shareholders and or owners may be subject to limited liability depending upon the terms of the agreement that formed the entity."
  • add explanatoryNote: "For general partners and sole proprietors unlimited liability is not capped at a maximum amount and exists regardless of the amount of investment each owner has personally made. If the business is unable to meet any financial obligations or settle any outstanding liabilities, the owner's personal assets can be seized to satisfy the debts."

...

  • add class Shareholder as subClassOf fibo-fnd-agr-ctr:TransferableContractHolder
  • add label "shareholder" to Shareholder
  • add skos:definition: "an individual, group, or organization that owns one or more shares in a company, and in whose name the share certificate is issued."
  • add explanatoryNote:  "It is legal for a company to have only one shareholder. Also called (in the US) stockholder."
  • add definitionOrigin: "http://www.businessdictionary.com/definition/shareholder.html"
  • add ProfitCorporationWithLimitedShareholderLiability as a subClassOf StockCorporation
  • add ProfitCorporationWithLimitedShareholderLiability as a subClassOf ForProfitCorporation
  • add label: "profit corporation with limited shareholder liability"
  • add restriction: fibo-be-le-lp:allowsLimitedLiabilityOn only (fibo-fnd-pty-rl:playsRole some fibo-be-le-cb:Shareholder)
  • add adaptedFrom: http://biztaxlaw.about.com/od/glossarys/g/stockcorp.htm
  • add adaptedFrom: http://www.oecd.org/daf/ca/CorporateGovernanceFactbook.pdf
  • add skos:definition: "a for-profit corporation which has shareholders (stockholders), each of whom receives a portion of the ownership of the corporation through shares of stock"
  • add explanatoryNote: "The restrictions defined herein extend the definition of incorporated company to link it to external entities that hold shares in it."
  • add explanatoryNote: "The shares in a stock corporation may receive a return on their investment in the form of dividends. Shares are used for voting on matters of corporate policy or to elect directors, at the corporation's annual meeting and at other meetings of the corporation."

  • Add Corporation subClassOf  BusinessEntity
  • add restriction: fibo-be-le-lp:allowsUnlimitedLiabilityOnEntity only fibo-be-le-cb:Corporation . 

  • add ProfitCorporationWithUnlimitedShareholderLiability as a subClassOf StockCorporation 
  • add ProfitCorporationWithUnlimitedShareholderLiability as a subClassOf fibo-be-le-cb:ForProfitCorporation
  • add label: "profit corporation with unlimited shareholder liability"
  • add skos:definition: "a corporation with unlimited liability for the shareholders."
  • add restriction: fibo-be-le-lp:allowsUnlimitedLiabilityOn only (fibo-fnd-pty-rl:playsRole some fibo-be-le-cb:Shareholder)
  • add skos:definitionOrigin: http://www.businessdictionary.com/definition/joint-stock-company.html

...

  • change name of NaturalPersonLimitedPartner to LegallyCapablePersonLimitedPartner
  • change label to "legally capable person limited partner"
  • change skos:definition to "a limited partner in a partnership, who is and may only be a LegallyCapable Person i.e. a human being."
  • change restriction from hasIdentity exactly 1 NaturalPerson to hasIdentity exactly 1 fibo-fnd-aap-ppl:LegallyCapablePerson

...

  • add LimitedLiabilityGeneralPartner as a subClassOf GeneralPartner
  • add label "limited liability general partner"
  • add restriction: fibo-fnd-pty-rl:isPlayedBy some (fibo-fnd-law-lcap:hasCapacity only fibo-be-le-lp:LimitedLiability)
  • add skos:definition: "a class of general partner who has limited liability per the terms of the limited liability limited partnership agreement"
  • add  disjoint with UnlimitedLiabilityGeneralPartner

  • remove LegallyIncorporatedPartnership 

  • add GeneralPartnership as a subClassOf PartnershipWithGeneralPartners
  • add label "general partnership"
  • add restriction: fibo-fnd-rel-rel:hasMember min 2 fibo-be-ptr-ptr:GeneralPartner
  • add skos:definition: "a partnership in which the partners are jointly and severally liable for liabilities incurred by the entity"
  • add adaptedFrom: http://www.investopedia.com/terms/g/generalpartnership.asp

  • delete LegallyIncorporatedPartnershipMember.

  • add restriction to LimitedPartner  fibo-fnd-pty-rl:isPlayedBy some (fibo-fnd-law-lcap:hasCapacity only fibo-be-le-lp:LimitedLiability)

  • add LimitedPartnership as a subClassOf PartnershipWithGeneralPartners and as a subClassOf PartnershipWithLimitedPartners
  • add label: "limited partnership"
  • add skos:definition: "a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs)."
  • add explanatoryNote: "It is a partnership in which only one partner is required to be a general partner."
  • add definitionOrigin: http://en.wikipedia.org/wiki/Limited_partnership

  • Remove NonIncorporatedPartnership as it is covered by other concepts

  • on class Partnership add restriction: fibo-be-le-lp:allowsUnlimitedLiabilityOn some fibo-be-ptr-ptr:Partnership 

  • change skos:definition to : "a business organization in which two or more individuals manage and operate the business."
  • add definitionOrigin: http://www.investopedia.com/terms/p/partnership.asp

  • delete class PartnershipIncorporatedByEquity

  • delete classPartnershipIncorporatedThroughAgreement

...

  • change name of PartnershipWithOnlyLimitedPartners to LimitedLiabilityPartnership
  • remove subClassOf Corporation
  • change label to "limited liability partnership"
  • add restriction: hasMember only LimitedPartner
  • change skos:definition: "a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities"
  • change adaptedFrom to: https://en.wikipedia.org/wiki/Limited_liability_partnership
  • change explanatoryNote to: "In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence."

...

  • change name of class from PrivatelyHeldCompany to PrivatelyHeldCorporation
  • Make this a replace  subClassOf StockCorporation with subClassOf ProfitCorporationWithLimitedShareholderLiability
  • change label to "privately held corporation"
  • change synonym to "privately held company"

...

  • change name of class from PubliclyHeldCompany to PubliclyHeldCorporation
  • Make this a replace subClassOf with ProfitCorporationWithLimitedShareholderLiability
  • change label to "publicly held corporation"
  • add synonym "publicly held company"
  • add owl:disjointWith   PrivatelyHeldCorporation


H. In the module PrivateLimitedCompanies


 

  • for class PrivateCompanyWithLimitedLiability:
  • import OwnershipParties.rdf
  • add restriction: allowsLimitedLiabilityOn only (playsRole some EntityOwner)
  • add restriction: allowsUnlimitedLiabilityOnEntity only PrivateCompanyWithLimitedLiability


RESOLUTION F - Make corrections to incorrect restrictions that depended on 'holds an interest in' property  (BE-113; FIBOBE-_21) (priority)  

Summary: Multiple restrictions that used the property holdsAnInterestIn were identified to be incorrect,  Many of the classes that these incorrect restrictions defined had nothing to do with ownership, but rather to control.  The property holdsAnInterestIn is a subproperty of owns and therefore implies holds an ownership interest in.  In other cases we can also remove the restriction containing holdsAnInterestIn when it is accompanied by a restriction that states there is some equity held, since equity already points back to the formal organization via the representsAnInterestIn relation.  These changes will result in corrections and simplification.

...

  • change name of property holdsAnInterestIn to holdsAnOwnershipInterestIn
  • change label to: "holds an ownership interest in"
  • change definition to: "links a party to some organization it holds an ownership interest in"
  • remove the domain since this property inherits IndependentParty from owns as the default domain 
  • Revise the definition of the holdsEquity property to remove the domain since this property inherits IndependentParty from owns as the default domain
  • Revise the name of the holdsEquity property to be holdsEquityIn

 

  • For EntityOwner For ConstitutionalOwner change restriction from: 

isPlayedBy some some ((holdsAnOwnershipInterestIn only FormallyConstitutedOrganization) or (holdsEquity only EquityStockholdersEquity))

To:

isPlayedBy some (holdsEquity holdsEquityIn only Equity)

 

...

StockholdersEquity)

  • Combine the two skos:definitions such that the resulting definition states: "a party that holds an equity stake in some entity, in the form of stockholders' equity"
  • revise the rdfs:label from "constitutional owning party" to "constitutional owner"

 

  • For EntityOwner change restriction from: 

isPlayedBy some some 

((holdsAnOwnershipInterestIn only FormallyConstitutedOrganization) or (holdsEquity only StockholdersEquityEquity))

To:

isPlayedBy some (holdsEquity holdsEquityIn only StockholdersEquity)Equity)

  • revise the rdfs:label from "entity owning party" to "entity owner"

 

  • For InvestmentEquity change restriction from: isEquityHeldBy min 1 Investor to isEquityHeldBy some Investor

 

  • For Investor change restriction from:

...

((holdsAnOwnershipInterestIn only FormallyConstitutedOrganization) or (holdsEquity only InvestmentEquity))

To:

isPlayedBy some (holdsEquity holdsEquityIn only InvestmentEquity)

 

B  In module ControlParties

 

  • For ControllingInterestParty For InvestorContract change restriction from:

...

  • definesTermsFor min 1 InvestorContract to definesTermsFor some InvestorContract

 

  • Make miscellaneous punctuation changes to annotations to bring the VOM model and OWL in sync. This includes removing a duplicated skos:definition from ControllingEquity.

 

B  In module ControlParties

 

  • For ControllingInterestParty change restriction from:

isPlayedBy some ((holdsSomeMeansOf only ControllingCapacity) or (holdsAnOwnershipInterestIn only ContractuallyConstitutedOrganization))

...

isPlayedBy some
((holdsAnOwnershipInterestIn only StockCorporation) or (holdsEquity only StockholdersEquity))

To:

isPlayedBy some (holdsEquity holdsEquityIn only StockholdersEquity)

 

D  In module CorporateControl

  • Add an owl:imports and related namespace declarations for the Legal Persons ontology

  • For VotingShareholder change restriction from:

...

change domain from VotingShareholder, which is a relative thing, to LegalPerson


E.  in module Partnerships

  • For object property holdsPartnershipEquity

change name to holdsPartnerhsipEquityIn

change label to "holds partnership equity in"

remove the domain Partner which is a relative thing  and instead allow it to inherit IndependentParty as the domain of owns


Resolution G  (Defer) / Done via Government Entities

Move SupraNationalEntity from LEIEntities to LegalPersons


LEIEntities (33)

LegalPersons (4)

 

Resolution

...

I  (

...

Maybe)

...

Remove jurisdiction-specific distinctions from Corporate Forms

CorporateBodies.rdf (54) (58) (59)

Partnership.rdf (86) (87)

Resolution I  (Maybe)

...

/ Decided not to do

Rename FormallyConsitutedOrganization to ContractuallyConstitutedOrganization

 

Resolution J - Introduce Sole Proprietorships  (Yes – BE-64; BE-29; FIBOBE-_16)

Description: Create Sole Proprietorships directory and file

...

  • Add owl:imports SoleProprietoryships

Resolution K - Introduce Government Entities (Yes/Discretionary)

Description: Create Government Entities directory and file

...

  • add GovernmentInstrumentalityAsPrivateCorporation as a subClassOf GovernmentInstrumentality and PrivatelyHeldCompanyPrivatelyHeldCorporation
  • add label: "government instrumentality as private corporation"
  • add skos:definition: "an instrumentality that is a private companycorporation."
  • add adaptedFrom: http://www.investopedia.com/terms/i/instrumentality.asp

...

  • add GovernmentInstrumentalityCreatedByStatute as a subClassOf GovernmentInstrumentality and StatutoryBodyStatutoryCorporation
  • add label: "government instrumentality created by statute"
  • add skos:definition: "an instrumentality that is chartered directly by state or federal government."
  • add adaptedFrom: http://www.investopedia.com/terms/i/instrumentality.asp

...

  • add Polity as a subClassOf JuridicalPerson
  • add label: "polity"
  • add skos:definition: "the legal person referring to a state or one of its subordinate civil authorities, such as a province, prefecture, county, municipality, city, or district."
  • add adaptedFrom: https://en.wikipedia.org/wiki/Polity
  • add explanatoryNote: " It is generally understood to mean a geographic area with a corresponding government"
  • add restriction: hasSovereigntyOver some GeopoliticalEntity
  • add restriction: isRepresentedBy some Government

 

  • add RegionalState RegionalEntity as a subClassOf Polity
  • add label: "regional stateentity"
  • add skos:definition: "the legal entity person that corresponds to an administrative division, administrative unit, administrative entity or country subdivision (or, sometimes, geopolitical division or subnational entity), that has the capacity to incur debt, issue contracts, and enter into relations with other similar entities"
  • add adaptedFrom: http://en.wikipedia.org/wiki/Administrative_division
  • add explanatoryNote: "A country may be divided into provinces, which, in turn, are divided into counties, which, in turn, may be divided in whole or in part into municipalities; and so on"
  • add seeAlso: "ISO 3166-2 Codes for the representation of names of countries and their subdivisions - Part 1, Country subdivision codes"
  • add restriction: hasSharedSovereigntyOver some FederalState
  • add restriction: isRepresentedBy exactly 1 RegionalGovernment
  • add disjoint relation with SovereignState

 

  • add SovereignState as add SovereignState as a subClassOf Polity
  • add label: "sovereign state"
  • add skos:definition: "a nonphysical juridical entity legal person that is represented by one centralized government that has sovereignty over a geographic area."
  • add adaptedFrom: http://en.wikipedia.org/wiki/Sovereign_state
  • add explanatoryNote: "A legal entity that is represented by one centralized government, has a permanent population, defined territory, and the capacity to enter into relations with other sovereign states.  It is identified as a legal entity as well as the setter of laws because it is able to incur debt in its own right and enter into contracts."
  • add restriction: hasFullSovereigntyOver some Country
  • add restriction: isRepresentedBy some NationalGovernment
  • add disjoint relation with RegionalState

 

  • add Federationas add Federation as a subClassOf SovereignState
  • add label: "federation"
  • add skos:definition: "a political entity characterized by a union of partially self-governing states or regions under a central (federal) government."
  • add definitionOrigin: https://en.wikipedia.org/wiki/Federation
  • add explanatoryNote: "A federation is a political entity characterized by a union of partially self-governing states or regions under a central (federal) government. In a federation, the self-governing status of the component states, as well as the division of power between them and the central government, are typically constitutionally entrenched and may not be altered by a unilateral decision of either party, the states or the federal political body"
  • add editorialNote: "Federal entity in the sense of a legal entity, that is, what it is that incurs debt for a federal government, i.e. the Federal entity in the sense of the legal entity, as distinct from the Federal government. It is identified as a legal entity because it is able to incur debt in its own right."
  • add restriction: (hasFullSovereigntyOver min 1 Country) and (hasSharedSovereigntyOver min 2 FederalState)
  • (isRepresentedBy min 2 RegionalGovernment) and (isRepresentedBy exactly 1 FederalGovernment)

...

 

D. In module LEIEntities

remove Sovereign (this will be replaced by Polity in GovernmentEntities)

remove MuncipalEntity  (this will be replaced by MunicipalEntity in GovernmentEntities)

 

E  AboutBE-1.0 Add import

 

 

Resolution L - Introduce Private Limited Companies  (Yes; FIBOBE-_19)

Description: Create Private Limited Companies directory and file

Rationale: A private limited company is an important legal form that must be included in FIBO Business Entities.  This legal form will also describe limited liability companies which are highly pervasive across the United States and must be identified for multiple bank use cases from onboarding commercial customers, understanding counter parties, and KYC in general.

Resolution:

A. Create a new Module PrivateLimitedCompanies

B. In the module PrivateLimitedCompanies: Add an ontology called PrivateLimitedCompanies.rdf

C. In the ontology PrivateLimitedCompanies.rdf:

  • add OntologyIRI: "http://spec.edmcouncil.org/fibo/BE/PrivateLimitedCompanies/PrivateLimitedCompanies/"
  • add Ontology Version IRI: "http://spec.edmcouncil.org/fibo/BE/20160201/PrivateLimitedCompanies/PrivateLimitedCompanies/"
  • add dependsOn: <http://spec.edmcouncil.org/fibo/BE/LegalEntities/LegalPersons/>
  • create filename: "PrivateLimitedCompanies.rdf"
  • add seeAlso: <http:/add class SupranationalEntity as a subClassOf Polity
  • add label: "supranational entity"
  • add skos:definition:  "a type of multinational political union where negotiated power is delegated to an authority by governments of member states"
  • add adaptedFrom: "Kiljunen, Kimmo (2004). The European Constitution in the Making. Centre for European Policy Studies. pp. 21–26. ISBN 978-92-9079-493-6"
  • add explanatoryNote: "A supranational union is a supranational polity which lies somewhere between a confederation that is an association of States and a federation that is a state. Unlike states in a federal super-state, member states retain ultimate sovereignty, although some sovereignty is shared with, or ceded to, the supranational body."
  • add restriction: hasSharedSovereigntyOver min 2 Country
  • add restriction: isRepresentedBy some GovernmentalEntity

 

D. In module LEIEntities

remove Sovereign (this will be replaced by Polity in GovernmentEntities)

remove MuncipalEntity  (this will be replaced by MunicipalEntity in GovernmentEntities)

remove SuparanationalEntity (this will be replaced by SupranationalEntity in GovernmentEntities)

 

E  AboutBE-1.0 Add import

 

 

Resolution L - Introduce Private Limited Companies  (Yes; FIBOBE-_19)

Description: Create Private Limited Companies directory and file

Rationale: A private limited company is an important legal form that must be included in FIBO Business Entities.  This legal form will also describe limited liability companies which are highly pervasive across the United States and must be identified for multiple bank use cases from onboarding commercial customers, understanding counter parties, and KYC in general.

Resolution:

A. Create a new Module PrivateLimitedCompanies

B. In the module PrivateLimitedCompanies: Add an ontology called PrivateLimitedCompanies.rdf

C. In the ontology PrivateLimitedCompanies.rdf:

...

  • add rdfs:label "FIBO BE private limited companies module"
  • add skos:definition "individual representing metadata about the FIBO BE private limited companies module"^^xsd:string
  • add sm:moduleName "Private limited companies"^^xsd:string
  • add sm:moduleAbbreviation "fibo-be-plc"^^xsd:string
  • add sm:moduleVersion "1.0"^^xsd:string
  • add sm:moduleAbstract "This module includes ontologies describing business entities representing private limited companies -- i.e., a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship."^^xsd:string
  • add fibo-fnd-rel-rel:isPartOf fibo-be:BESpecification
  • add fibo-fnd-utl-av:usageNote "Users should be aware that the BE Functional Entities ontologies depend on a number of the ontologies specified in the EDMC-FIBO Foundations (FND) specification. Individual ontologies in this module import only those FIBO FND ontologies they use directly, however."^^xsd:string
  • add rdfs:seeAlso <http://www.edmcouncil.org/>
  • add rdfs:seeAlso <http://www.omg.org/spec/EDMC-FIBO/AboutTheEDMC-FIBOFamily/>
  • add rdfs:seeAlso <http://www.omg.org/spec/EDMC-FIBO/BE/AboutBE/>

I. In ontology AboutBE-1.0

  • Add owl:imports PrivateLimitedCompanies

 

Resolution M - Legal Entity Identifier

 

...

I. In ontology AboutBE-1.0

  • Add owl:imports PrivateLimitedCompanies

Resolution P - Create LEIEligibleEntity and LEIRegisteredEntity (Mandatory) (done)

                          LEIEligibleEntity becomes a subClass of AutonomousAgent and  isIdentifiedBy exactly 1 LegalEntityIdentifier

                                  Fill in all metadata from line 30 on LEIEligibleEntity 

                                   Move LEICapableEntity to the LEIEntities module (and namespace)

                                  Remove ContractrallyCapableEntity entirely

                                  Remove  (Deprecate) LegalEntity 

 

Resolution R - Change FormallyConstituedOrganization to ContractuallyConstitutedOrganization (Discretionary)  - FCT determined that this was not worth doing (closed)


Resolution X - Deprecate OrganizationIndustrySectorClassification (done)


Resolution Y - Introduce additional capacities to Legal Person for greater clarity and completeness of concept