ISIN Extension Proposal Moves through ISO Process
WASHINGTON, DC - The International Organization for Standardization (ISO) has approved most of the suggested technical ISIN changes outlined by working group 1 (WG1) in the draft standard submitted to ISO in December, officials tell Inside Reference Data.
The proposed changes include that ISIN codes will be expanded to cover structured products, contracts for difference and bank loans. "None of these things were changed by the ISO when reviewing the draft," says WG1 chair Bill Nichols.
The draft
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