MASS Committee Aprroves the publication of 1.1 AOM industry Draft

On Friday, December 17, 2010, the MMI MASS Committee approved the release of the Account Origination and Maintenance Subcommittee message standards as an "Industry Draft". As required, the full MASS committee approved the industry release at the meeting held December 17th, 2010. Industry Draft is the second step in the MASS Committee's publication of an industry standard, where comments on the proposed standard are solicited from MMI members. Comments may be submitted to the “AOM - Release 1.1” forum until January 17, 2011 or emailed to Gjones@mminst.org.
Release 1.1 includes many enhancements, including a new restriction change instruction message, a defined cancel message, standardization of suitability information for new accounts, prior management information for new accounts, and comprehensive annotations documenting the purpose and use of each schema element. A complete list of release 1.1 functionality is available from the SourceForge feature tracker.