LCC_ — The United Nations Standard country or area codes for statistical use (M49) are needed to define regions for FIBO support

The Standard country or area codes for statistical use (M49) include geographic regions, such as continents, regions that are smaller than continents but larger than countries, and sub-regions, all of which are used for statistical reporting to the International Monetary Fund, among other uses. M49 codes integrate the ISO 3166 country codes and assign them to relevant regions or sub-regions (e.g., continents, sub-continents, etc.) which are needed for regulatory / statistical reporting purposes, among other uses.

The United Nations Standard country or area codes for statistical use (M49) are needed to define regions for FIBO support

The resolution to this issue affects clause 7.2, Namespace Definitions, clause 9.2, Module: Countries, and introduces a new clause 9.6 Ontology: Standard Country or Area Codes for Statistical Use (M49). The primary contribution of this resolution is embodied in the new machine-readable files associated with clause 9.6, with the other changes supporting that modification.

It depends on the resolution to issue LCC-4 and LCC-11 for revisions to the Country Representation ontology and related namespace and table updates.

The machine-readable files associated with this resolution are provided as a part of the FTF report.