Standards Governance

Process and Standards Group (PSG)

Providing detailed Governance of the evolution of Criterion Standards.

Progress this Month:

The PSG last met on 3 February 2021. The Focus Session looked at Letter of Authority, whilst the Plenary Session discussed the Standards Programme and ongoing projects.

Full Minutes are available on the Criterion website.

Future Milestones:

Meetings for 2021

Tuesday, 11 May 2021 (Focus Session)

Wednesday, 12 May 2021 (Plenary Meeting)

Wednesday, 18 August 2021 (Prioritisation Exercise)

Wednesday, 3 November 2021

Standards Technical Architecture Group (STAG)

Providing technical Governance to Criterion Standards.

Progress this Month:

The STAG last met on 23 March 2021 to discuss Criterion’s JSON & OpenAPI Proof of Concept.  There was a useful discussion on several options identified to convert existing Criterion Standards to provide JSON & OpenAPI support and future activity.

Full Minutes are available on the Criterion website.

Future Milestones:

Continued involvement in JSON & OpenAPI activities.

Standards Activities

Letter of Authority Standards Development

Development Project to develop Standard to support the Letter of Authority fulfilment process for DB, DC Pensions, Annuities, Protection and Investment Products.

Progress this Month:

* Phase 1 – DC Pensions:  LoA DC Pensions Fulfilment Standards published at v1.0 Draft Final, Provide Money In and Provide Asset Holdings published at v1.0 Draft A.

Phase 2 – InvestmentsInvestment Fulfilment CSV, XML, JSON and API Standards for LoA Investment Fulfilment and associated Microservices delivered at Draft A.

** Phase 3 – ProtectionAnalysis continuing and Data Requirements commenced.

Future Milestones:

* April: Work commenced to corrections to change optional fields to mandatory in the schemas in Investment Fulfilment CSV, XML, JSON and API Standards for LoA Investment Fulfilment and associated Microservices.

** April: Continue analysis on Protection Data Items prior to BRD.

Occupation Codes List 2020 Update Standards Development

Update of the Occupation Codes Standard used in quotations and new business processes.

Progress this Month:

Completed the development of XML and CSV version of v3.0 of the Occupation Codes List and published to Industry.

Future Milestones:

April: Continue to work with Industry towards the implementation of the v3.0 Occupation Codes List 2020.

FCA Reference Number Change Requests

Amend existing Standards to support the 3 FCA Reference Number related requirements via BAU Change Request process.

Progress this Month:

QNB Protection amendments made and Provisional version of Standard prepared for publication.

Future Milestones:

April: Publish Provisional versions of QNB Protection and QNB Annuities Standards.

Common Annuity Applications Research

Looking at opportunities to take friction out of Industry processes for Annuity Applications through greater standardisation and shared resources.

Progress this Month:

Problem Definition Report published to Research Group and call held to discuss.  Recommendations validated.

Future Milestones:

April: Publish final version of Report to Research Group.

COVID-19 Update

The Criterion team continues to work from home successfully in response to the current COVID-19 situation.

We are well placed to continue with our Standards commitments whilst recognising that operational constraints may make it harder for Working Group Members and other interested parties to engage with us fully.  We will continue with our deliveries and keep the PSG and other interested parties updated regarding any unavoidable impact.

Deliverables/Documentation Published in March 2021

General Documentation:

Group Risk Quotes Terms of Reference – Published on 3 March 2021 – Published on 5 March 2021 – Published on 5 March 2021 – Published on 5 March 2021

JSONOpenAPI_Criterion_Pilot_Findings – Published on 5 March 2021

CAARG Problem Definition Report – Published on 12 March 2021


LoA DC Pensions Fulfilment, XML, CSV and JSON and OpenAPI Standards v1.0 Draft Final – Published on 2 March 2021

( ) LoA DC Pensions Fulfilment Standards v1.0 Draft Final

( ) Provide Money-In Standards v1.0 Draft A

( ) Provide Asset Holdings Standards v1.0 Draft A

Occupation Codes List v3.0 Final – Published on 5 March 2021

LoA Investment Fulfilment Standards v1.0 Draft A – Published on 9 March 2021


( ) Receive LoA Fulfilment Investments – v1.0 Draft A

( ) Receive LoA Fulfilment Wraps – v1.0 Draft A


( ) Provide Advice Charges – v1.0 Draft A

( ) Provide Asset Holdings – v1.0 Draft A (updated)

( ) Provide Fund Charges – v1.0 Draft A

( ) Provide Money In – v1.0 Draft A (updated)

( ) Provide Money Out – v1.0 Draft A

( ) Provide Product Charges – v1.0 Draft A