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Q2 2026 Release

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@przemekgradzki przemekgradzki released this 14 Jul 07:07
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master_2026Q2
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Q2 2026 Release Notes

Q2 2026 Revisions Summary

This quarter, the primary focus of our efforts was usability, through merging smaller ontologies, isolating examples, and revising certain domain boundaries by making some concepts more broadly available (i.e., moving a few terms from FBC and SEC "higher up" in the FIBO architecture and improving their definitions).

  • Consolidation and usability improvements across multiple domains (FND, FBC, SEC, DER, IND).
  • Migration of example individuals into a dedicated EXMP module, clarifying what data may not be current or 'real' vs. reference data that is maintained on a regular basis.
  • Ongoing work on provisional modules, especially ACTUS contract types, data dictionary representation, and related mappings.
  • Early steps toward harmonizing reference data (market data providers, financial registration authorities).
  • Preparation for future work (Funds, expanded ACTUS mappings, additional consolidation in Q3).

Several ontologies were merged into others and their contents deprecated. These concepts will remain deprecated in FIBO until Q3 2027, and of course available indefinitely from the EDM Association's FIBO web site.

ACTUS Vocabulary (ACTUS)

The Algorithmic Contract Types Unified Standards (ACTUS) vocabularies are new in FIBO. They provide a taxonomy and data dictionary of contract terms and valid values for describing contract behavior from an algorithm perspective. This module remains provisional, but the FIBO team is working to provide increasing coverage and accuracy with respect to the representation, including mapping it to the relevant FIBO properties. In this release, we've cleaned up some of the representation and added the preliminary mapping file (currently very light), which will be built out over the coming months.

Business Entities (BE)

This quarter a few additional classes were added to the publishers ontology in BE, allowing further discrimination of market data providers over time, including those that provide market data related to digital currencies. Other changes in BE reflect migration of terms that were previously in the FND Accounting Equity ontology to the FND Ownership ontology, as part of our recent focus on increasing usability and merging smaller files. FIBO users should anticipate more consolidation in Q3 as well. We also moved the two example files for legal entities and executives to the EXMP folder, and augmented some of the example content for the legal entities based on ongoing testing and use case requirements.

Business Process Domain (BP)

There were no substantive changes to the Business Process Domain provisional ontologies this quarter. Minor changes due to migration of a couple of properties touched the issuance process and private label MBS process ontologies, however, which have been kept up to date as such changes are made.

Corporate Action and Events Domain (CAE)

No changes were made to the ontologies in the CAE domain in Q2.

Derivatives (DER)

Primarily changes to DER this quarter include migration of examples to the EXMP folder and consolidation of certain reference data describing essential financial services providers. FIBO users should anticipate some additional consolidation over the coming months as we work to improve usability.

Examples Module (EXMP)

In Q2 we also moved all of the example individuals, which can be quite useful for developers and for testing, to a separate folder. The FIBO team has been meaning to do this for some time, to increase usability and point out to FIBO users some instance data that they may not want to load in operational systems. The vocabularies were previously named 'examples' in terms of their filenames and IRIs but might not be obvious to users that are working primarily in triple stores. Examples will be added to this folder from now on as we build out more regression tests and use cases for usability purposes. They are considered released - many have been part of FIBO for some time, so they are included in FIBO production versions, but may be delivered separately in the future to increase usability further.

Financial Business and Commerce (FBC)

Several of the changes and additions made this quarter involved FBC. Consolidation of content in FND is reflected in a number of places in FBC. A new Commercial Registration Authorities ontology was added under Functional Entities to incorporate financial registration authority reference data that was previously scattered over several domains. There may be additions and further consolidation of content into this vocabulary over the coming months as well. Muddy definitions of holding and portfolio have also been improved. Several vocabularies that provided examples in FND have also been moved to the EXMP module this quarter. And, as usual, the ISO MIC codes have been revised to reflect the latest ISO updates.

Foundations (FND)

Changes to FND in Q2 were primarily focused on consolidating small ontologies, such as moving content from the Accounting Equity ontology, which was not ideally named given that its focus was on ownership-related concepts, to the Ownership ontology, and migrating the remaining content in the Agents ontology to other ontologies, deprecating relevant concepts and pointing to their replacements as appropriate. There are a number of very small ontologies remaining in FND, and to improve usability as well as simplify maintenance, we are considering additional consolidation over the coming months.

Indicators and Indices (IND)

Primarily changes to IND this quarter include migration of examples to the EXMP folder and consolidation of certain reference data describing essential financial services and market data providers. IND users can anticipate a bit more consolidation related to market data providers in particular over the coming months, to improve usability and augment the data with additional reference material.

Loans (LOAN)

There were no substantive changes to the Loans ontologies in Q2. Minor changes due to migration of a couple of properties affected the provisional loan applications and mortgage origination ontologies, however, which have been kept up to date as such changes are made.

Market Data Domain (MD)

There were no changes made to the ontologies in the Market Data domain area this quarter.

Securities (SEC)

In Q2, as part of our work on improving usability, the SEC Security Assets ontology content was merged into FBC, including definitions of holding and portfolio, which needed significant revision. Examples of equity instruments were also moved to the new Examples module, and there were minor changes due to the migration of concepts in FND. Users can anticipate further consolidation of smaller ontologies to improve usability and provide solid footing for anticipated work related to Funds over the next couple of quarters.

What's Changed

Full Changelog: master_2026Q1...master_2026Q2

Contributors

ElisaKendall
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