FAQs: Understanding the Regulatory Genome Project

 

The Regulatory Genome Project (RGP) is a public-private initiative between the University of Cambridge, Judge Business School and RegGenome, a commercial spinout from the university, established to engage regulatory bodies to:

  • Build and review a set of open access regulatory information structures, known as the Cambridge Regulatory Genome (CRG). 
  • Make available a global repository of aggregated, structured regulatory data, produce by RegGenome.
  • Investigate the digitising of regulation.

Creating the Cambridge Regulatory Genome (CRG) is a transformative public initiative dedicated to describing, organising and categorising legislation & regulation for comparative analysis of global financial regulations and assessment against regulatory standards. RGP aims to the promote and drive adoption of the CRG by regulatory bodies.  

The private element of the project, delivered by RegGenome, is the creation of machine consumable regulatory data tagged to CRG open information structures. 

At the nucleus of the Regulatory Genome Project is the work to create the Cambridge Regulatory Genome (CRG) the open information structures, that RegGenome uses to create its repository of machine-readable regulatory data. The CRG is an innovative information architecture meticulously crafted to categorise regulations in a standard way across jurisdictions effectively. The CRG is designed as a set of thematic taxonomies that are jurisdiction-agnostic, based on principles from international standard-setting bodies and optimised for natural language processing of regulatory text by machine learning models. These open information structures are mapped to regulatory standards and in turn, reviewed and validated by regulators themselves as part of their collaboration with the Regulatory Genome Project. 

This pioneering effort was born out of the need to be able to process regulation from any regulatory body from any regulatory jurisdiction against a common set of information structures. To enable regulation from different regulatory regimes to be assessed and compared to meet the emerging challenges associated to contrasting regulatory frameworks. The RGP advocates for the widespread adoption of the CRG open information structures within regulatory bodies to improve the dissemination of regulation through the digitisation of regulation. 

Regulators can engage with the Regulatory Genome Project in the following ways:

  • To review and evaluate the CRG taxonomies  
  • To use the tools for regulatory insight that make available RegGenome’s machine-readable data – regulation digitally tagged against the CRG taxonomies. Regulators can provide feedback on the data and make suggestions for new tools and ways of surfacing the data
  • To collaborate on research into the digitisation of regulation. A key objective of RGP is to help regulators advance their digitisation.  

Access to RGP tools is offered in lieu of Regulator participation in the reviewing and evaluation of the CRG taxonomies, and general collaboration with the project.  

To find out more about the Regulatory Genome Project and how to apply for the Regulatory Engagement Programme visit https://www.jbs.cam.ac.uk/faculty-research/centres/regulatory-genome-project