Thomson Reuters Connector

IBM OpenPages® Regulatory Compliance Management (RCM) includes a connector for Thomson Reuters Regulatory Intelligence (TRRI).

The Thomson Reuters connector enables you to load regulatory event feeds from Thomson Reuters into RCM. You can set up rules to process the incoming regulatory events automatically. Rules trigger workflows that are assigned to users based on the data points in the regulatory events or in the documents that are impacted by a regulatory change. The rules help you to assign tasks to users efficiently so that they can respond to and prepare for regulatory changes.

You can also import regulatory library objects from Thomson Reuters into RCM.

When OpenPages imports regulatory events, it does the following tasks:
  • Checks if there is a taxonomy change.
    If a new Thomson Reuters taxonomy file is found on the SFTP server, OpenPages does the following tasks:
    • Updates the RCM-TRRI-Taxonomy field group's enumerated values
    • Sends an email to the users who are set up as TRRI Administrators.

    For more information, see Thomson Reuters taxonomy updates.

  • Checks if the taxonomy mapping file has changed. If a new taxonomy file is found, OpenPages uses the new mappings when it imports regulatory events. For more information about the taxonomy mapping file, see Mapping Thomson Reuters taxonomy values to OpenPages field values.
  • For regulatory events, OpenPages does the following steps:
    • Creates a TRRI Regulatory Event object for each new incoming regulatory event.
    • Checks the series ID of each incoming regulatory event and looks for a TRRI Regulatory Event Series object with the same series ID.

      If OpenPages finds a match, OpenPages associates the regulatory event with the TRRI Regulatory Event Series.

      If a TRRI Regulatory Event Series object does not exist for the series ID, OpenPages creates one and associates the regulatory event with the new TRRI Regulatory Event Series object.

    • Checks each of the incoming regulatory events for related documents. If the citation field on a regulatory event matches the citation field on a Mandate, Sub-Mandate, or Requirement in your regulatory library, OpenPages adds the Mandate, Sub-Mandate, or Requirement as a related object of the TRRI Regulatory Event.
    • Checks each of the incoming regulatory events against all rules that are enabled in the TRRI Rules Engine. If the regulatory event meets all the conditions of a rule, the rule is triggered. For more information, see Processing regulatory events by using rules.
  • For regulatory library objects, OpenPages does the following steps:
    • Creates an object for each new incoming Sub-Mandate and adds them to your regulatory library under Library/RCM/RegLibrary/TRRIRegLibrary. The OPSS-SubMand:Content Source field on each object is set to Thomson Reuters
    • Uses the Thomson Reuters API to identify Mandates that are associated with the incoming Sub-Mandates and creates the Mandate objects in OpenPages. The new Mandates are added to your regulatory library under Library/RCM/RegLibrary/TRRIRegLibrary. The Sub-Mandates are associated with their parent Mandate. In addition, the Thomson Reuters categorizations of the Sub-Mandates are rolled up to the parent Mandate and are included in the Mandate details.
    • Updates existing Sub-Mandates with any incoming changes.
    • Updates existing Mandates with any new Sub-Mandate associations and any new categorizations from the associated Sub-Mandates.
    • Sends an email to the owner of the impacted Sub-Mandates.