FReCo Main Objetives
The policies and regulations are changing everyday, this online tool is build with two main objectives:
Objective 1: To assist individual and organisatiosn within the financial sector to keep track about the most relevant policies and regulations in relation to Data Protection and Data Governance
–> Visit Home Page and look for the Policies an Regulations using the direct access links <–
Objective 2: To help individuals and organisaions to understand the use and implications of regulations and laws by providing examples in the form of FAME pilots in the financial sector that serves as reference.
–> Visit Pilot Section and learn more about the Objectives and then seach for Pilots that are of your interest <–
FReCo Online Tool How to Use Steps:
1) Click on the regulations that are listed in the main page and learn more about the details laws and regulations
2) Click on the pilots section to learn more about the examples that are used as reference implementation in EU Horizon FAME prject
3) Click on the FReCo-Assistant Tool section to know more how laws and regulations are relevant and/or how they affect the pilots.
4) Click on the Standards to learn about the existing Data Standards and the ons that are relevant for the financial sector.
5) Click on the Resources to find relevant documentation and related white papers.
FReCo Search Tool How to Use Steps:
1) Click on the search bar and complete with keywords if you are familiar with EU laws and regulation.
2) Click on the Lens Icon and the search will produce some finds in relation tot heleywords used, otherwise:
–> Visit Home Page and look for the Policies an Regulations using the direct access links <–
or
–> Visit Pilot Section and learn more about the Objectives and then seach for Pilots that are of your interest <–
FReCo Assistance How to Use Steps
–> Visit FReCO ASSISTANT Page and learn how to use details of the FAME Regulatory Compliance Assistance Tool <–
FReCo Description and Documentation
Recently, some of the most advanced marketplaces have been developed in Europe which provides functionalities for data catalogues, search, analytics, trading, and accounting. Marketplaces such as i3-MARKET, DataVaults, MOSAICrOWN, MUSKETEER provide value-added features for integrating, accessing, and trading data assets, such as data assets monetization, data sovereignty, personal data protection, compliance to regulations (e.g., to GDPR (General Data Protection Regulation)). FAME’s ambition is to deliver Europe’s first standards-based, secure, regulatory compliant, interoperable, and federated data marketplace platform for Embedded Finance (EmFi) applications. Apart from unique feature of the FAME project, which is federated access control, the project provides a unified access to all related regulations in the field. In that sense, it provides a harmonious ecosystem of the laws and regulations according to the need of different stakeholders.
Regulatory compliance tools based on the definition and enforcement of policies that ensure compliance with applicable laws and regulations such as GDPR, the PSD2 (2nd Payment Services Directive), and the 4AML (4th Anti Money Laundering directive. The main objective of the regulatory compliance tool is to ensure compliance of the FAME project functionalities with related laws and regulations that is to comply with the security and regulatory requirements of EmFi applications. In so doing, regulatory compliance tools is set according to the prominent regulations of the sector (i.e., PSD2, MiFIDII, 4AML) in addition to general regulations (e.g., GDPR AI Act). Therefore, the ultimate regulatory compliance asset is a tool applicable for unified data policies management in-line with security-by-design and regulatory compliance by design principles.
The FReCO online tool is documented in two EU Horizon FAME project deliverables i.e. 3.5 (submitted) and 3.6 (to be submitted).
Disclaimer:
“The FAME regulatory compliance tool has been developed within the context of FAME project and only provides a high-level overview of relevant rules to facilitate regulatory compliance. The information provided with the tool is for demonstrative purposes only, and we cannot guarantee that it will suit your needs. In any case, it does not constitute legal advice, nor does it create or imply the existence of any attorney-client relationship.”
