Some of the related text was revised via the 1.1 revision to the specification, and through issues raised in 1.2. The definitions and annotations in the FIGI ontology should be updated so that they are ISO 704 compliant and to reflect the updated details in the FIGI 1.1+ issues.

These include relevant patterns for designations and identifiers, among others.

Note that the resolution to this issue depends on the resolution to FIGI12-2.

Revise the FIGI ontologies to be compatible with the patterns in Commons

The changes, which depend on prior application of the changes made in the resolution to FIGI 1.2-2, primarily impact the primary Global Instruments Ontology and related documentation. They require the use of Commons ontologies: Codes and Code Sets, Classifiers, Identifiers, and TextDatatype. Local constructs that are replaced will be deprecated and will reference the Commons equivalents, in order to maintain backwards compatibility for FIGI users.

• Composite Global Identifier: The Composite Global Identifier is itself a Global Identifier which is differentiated from a “normal” Global Identifier in that it serves as a parent in a hierarchy of individual Global Identifiers. For example, AAPL common stock, US Composite. The purpose of this “version” of the identifier is to group individual identifiers, as per above, into groupings such as at the country level. This is not, however, merely a grouping of financial instruments. Rather, a Composite Global Identifier can identify a unique financial instrument within the context of a country or the aggregate of a financial instrument not bound by jurisdiction and can be traded on multiple venues.

6.1.1 Introduction add context to Composite Global Identifier

4th paragraph on Composite Global Identifier should be revised to more accurately describe the aggregation functionality of the identifier.

Paragraph originally reads;
Composite Global Identifier: The Composite Global Identifier is itself a Global Identifier which is differentiated from a “normal” Global Identifier in that it serves as a parent in a hierarchy of individual Global Identifiers. For example, AAPL common stock, US Composite. The purpose of this “version” of the identifier is to group individual identifiers, as per above, into groupings such as at the country level. This is not, however, merely a grouping of financial instruments. Rather, a Composite Global Identifier can identifyies a unique financial instrument within the context of a country or the aggregate of a financial instrument not bound by jurisdiction and can be traded on multiple venues.

to read as revised text

Some of the related text was revised via the 1.1 revision to the specification, and through issues raised in 1.2. The definitions and annotations in the FIGI ontology should be updated so that they are ISO 704 compliant and to reflect the updated details in the FIGI 1.1+ issues.

Deferred to 1.3 RTF

Deferred due to the need to publish the ANSI compatible version