---
type: "AIHallucinationFinding"
title: "A trade repository is contextualising the November 2025 CPMI-IOSCO Level 3 assessment for its…"
citation_id: "RLB-H-INT-BIS-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-Q005-Sonnet46"
finding_uid: "INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-v1-005--sonnet-46-websearch"
question_uid: "INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-v1-005"
regulation_id: "INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025"
regulation_slug: "CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025"
regulation_title: "Implementation Monitoring of the PFMI: Level 3 Assessment on General Business Risks"
regulator_short_code: "BIS-CPMI"
regulatory_body_id: "BIS-CPMI-INT-001"
jurisdiction_code: "INT"
j_level: "J1"
ai_subject: "claude-sonnet-4-6"
ai_subject_display: "Claude Sonnet 4.6 (web search on)"
ai_subject_version: "sonnet-46-websearch"
response_failure_mode: "outdated"
substrate_document_name: "p_01_OTHER_d228_Executive_Summary_page_1__full_asse_d228.htm"
substrate_document_path: "https://reglegbrief.com/substrate/INT/BIS-CPMI/CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025/_raw_manual_substrate/p_01_OTHER_d228_Executive_Summary_page_1__full_asse_d228.htm"
substrate_section_anchor: "d228 Executive Summary page 1 (full assessment period) vs BIS landing page / press release"
citation_issue_types: ["Contradictory", "Pretextual"]
audiences: ["ai_labs"]
published_at: "2026-06-07T07:58:39.481780+00:00"
substrate_version: 1
methodology_version: "2.3"
license: "CC-BY-4.0"
resource: "https://reglegbrief.com/regulators/j1/int/bis-cpmi/CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025/ai-labs/finding/INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-v1-005--sonnet-46-websearch/"
tags: ["ai-hallucination", "outdated", "bis-cpmi", "cpmi-iosco-pfmi-l3-general-business-risk-2025", "int"]
timestamp: "2026-06-16T00:00:00+00:00"
---

# AI Hallucination Finding: A trade repository is contextualising the November 2025 CPMI-IOSCO Level 3 assessment for its…

- **Citation ID.** `RLB-H-INT-BIS-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-Q005-Sonnet46`
- **Finding UID.** `INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-v1-005--sonnet-46-websearch`
- **Regulation.** [`CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025`](/okf/regulations/CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025.md) — Implementation Monitoring of the PFMI: Level 3 Assessment on General Business Risks
- **Regulator.** [`BIS-CPMI-INT-001`](/okf/bodies/BIS-CPMI-INT-001.md) — Bank for International Settlements — Committee on Payments and Market Infrastructures (CPMI)
- **AI subject.** Claude Sonnet 4.6 (web search on)
- **Failure mode.** [`outdated`](/okf/taxonomy/failure-modes.md)
- **Published.** 2026-06-07T07:58:39.481780+00:00

## Question put to the AI subject

A trade repository is contextualising the November 2025 CPMI-IOSCO Level 3 assessment for its internal PFMI self-assessment benchmarking. When did the assessment process begin, when was data collected, when did the assessment formally conclude, how many FMIs participated and on what basis, and how were findings validated with FMIs before publication?

## AI subject's verbatim answer

The assessment work was carried out during 2023 and 2024.

## Verbatim regulator text contradicting the answer

> It focuses on general business risk and was carried out during 2023-25 by the Implementation Monitoring Standing Group (IMSG) and a team of experts from CPMI and IOSCO member jurisdictions.

_Source:_ [p_01_OTHER_d228_Executive_Summary_page_1__full_asse_d228.htm](https://reglegbrief.com/substrate/INT/BIS-CPMI/CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025/_raw_manual_substrate/p_01_OTHER_d228_Executive_Summary_page_1__full_asse_d228.htm)
_Section anchor:_ d228 Executive Summary page 1 (full assessment period) vs BIS landing page / press release

## Failure mode

**`outdated`** — Outdated — the AI cited or relied on a rule that has been superseded, amended, or rescinded by the regulator.

## Citation-issue types

- **Contradictory** — <https://www.bis.org/cpmi/publ/d228.htm>
- **Contradictory** — <https://www.iosco.org/library/pubdocs/pdf/IOSCOPD807.pdf>
- **Contradictory** — <https://www.bis.org/press/p251107.htm>
- **Pretextual** — <https://www.regulationtomorrow.com/2025/11/cpmi-iosco-papers-on-management-of-general-business-risks-and-general-business-losses/>
- **Contradictory** — <https://www.iosco.org/v2/about/?subSection=cpmi_iosco&subSection1=monitoring>

## Related concepts

- Regulation: [CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025](/okf/regulations/CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025.md)
- Regulator: [BIS-CPMI-INT-001](/okf/bodies/BIS-CPMI-INT-001.md)
- Failure-mode taxonomy: [outdated](/okf/taxonomy/failure-modes.md)
- Methodology: [v2.3](/okf/methodology.md)
- Editorial standards: [right of reply](/okf/editorial-standards.md)

## Reproduction

Citation ID: `RLB-H-INT-BIS-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-Q005-Sonnet46`

Resource URL (HTML view of this finding):

<https://reglegbrief.com/regulators/j1/int/bis-cpmi/CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025/ai-labs/finding/INT-BIS-CPMI-INT-001-CPMI-IOSCO-PFMI-L3-GENERAL-BUSINESS-RISK-2025-v1-005--sonnet-46-websearch/>

This finding is reproducible against the substrate document linked above, using the same AI subject, the same methodology version, and the verbatim question text.