Join us for an engaging episode of "Notes to My Legal Self," where we merge law, technology, and financial regulation. This session illuminates the transformative power of regulatory taxonomies and machine-readable regulations in the legal landscape of financial compliance. Our esteemed guest, Alex Khachaturian from FINRA’s Office of Financial Innovation, brings an exceptional blend of experience from federal service, legal practice, and global financial operations to the discussion.

Alex’s journey at FINRA has been marked by his dedication to leveraging technology to streamline legal and regulatory processes. This episode delves into the innovative machine-readable rulebook initiative spearheaded by Alex, which uses regulatory taxonomies—a hierarchical classification of key legal, business, and regulatory terms—to make regulations more accessible and easier to navigate. These advancements simplify compliance and enhance the accuracy and speed at which firms can adapt to regulatory changes.

Listeners will be introduced to how application programming interfaces (APIs) revolutionize compliance management. These APIs enable the automatic ingestion of updated rule content, seamlessly integrating these updates into a firm’s operational procedures without manual intervention. This reduces the burden on legal and compliance staff and ensures a higher level of accuracy and responsiveness to regulatory changes.

Learning Outcomes:

This episode is particularly insightful for in-house legal teams, compliance officers, and anyone interested in the nexus of law and technology within the financial sector. Alex's deep expertise and practical experiences provide a rich foundation for understanding how technology will continue to shape the legal frameworks governing financial markets. Join Olga and Alex for a deep dive into the future of regulatory compliance facilitated through technological innovation.