Why Accessible Regulatory Data Matters
Regulatory compliance demands are evolving, yet many regulators still rely on outdated content distribution practices. From Friction to Facilitation delves into the global challenge of making regulatory information machine-readable and accessible—shedding light on why many regulators risk losing control over their intellectual property and how this impacts regulatory innovation.
In this whitepaper, we explore how:
- Most publishers of financial law and regulation do not behave like publishers. Their content is confined to their websites in formats unsuitable for machine processing.
- Web scraping is the only scalable way of obtaining most regulatory content. This is inefficient and at odds with regulators’ security policies.
- Many regulators and legislative offices provide their content under terms that unduly restrict scraping, commercial re-use, or both.
- Too few regulators have formal licensing policies. Those that do strongly favour vendors who own both content and applications, encouraging vendor lock-in.
- Consequently, many vendors scrape without permission. Current content licensing practices favour those who do so over those who treat regulators’ websites and content rights with respect.
You should read this paper if:
- You are the owner of a regulatory rulebook and have an interest in the transition to machine-readable rules
- You are working on innovation or digital transformation within a regulatory body and are looking for ways to transform how firms interact with your resources
- You are a legal or IT professional within a regulatory body and are concerned about how LLM vendors and other data companies are scaping your website or using your content.
Download your copy today and gain valuable insights into the transformation of regulatory information into a scalable, structured digital asset.
