LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

IP Update

As members will be aware, this year the Intellectual Property Sub-Committee has been conducting a strategic review of LIXI’s IP Licensing and Membership regime.

The review has involved consultation with a range of Members, and has drawn on the expertise of legalConsult to prepare a report to the Board on the current regime and options for future evolution.

The Board is giving consideration to the recommendations in the reports, the key findings of which are as follows:

  1. While LIXI’s core IP is reasonably well managed and protected, the management regime could be improved, with more formal procedures for the recording and granting of usage rights by Members to LIXI. The Board will be taking steps to implement these recommendations in the coming months.

  2. There are a range of options for evolving the IP Licensing and Membership regime. These include open sourcing the standards, separating Membership rights from Licensing rights, and the introduction of a tiered licensing structure. The various models have pros and cons, and some are simply not suited to LIXI, but others are quite viable.

The Board is putting the final touches to a preferred evolution path for the regime. It is considering the best way of communicating this to the Membership and, depending on timing issued, putting it to the Membership for comment and approval. Members will be informed as soon as there is anything significant to report prior to the November AGM.

Mike Thanos
IP Sub-Committee Chair