Regulatory Alerts2026-06-25 | 2026-12787Financial Data Transparency Act Joint Data Standards
Nine federal financial regulatory agencies issued a final joint rule establishing standardized data formats, including legal entity identifiers, product codes, and ISO date standards, to promote interoperability across financial regulatory data. The rule takes effect on October 1, 2026, and mandates that all adopted standards be machine-readable, nonproprietary, and documented with clear semantic metadata. While the joint rule does not immediately alter existing reporting requirements, it establishes the foundational framework that implementing agencies must subsequently incorporate into their individual collections of information.
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