The International Organization for Standardization (ISO) approved the creation of the Real-Time Payments Group (RTPG) in May 2015. In August 2015, the ISO consulted on the first draft of the ISO 20022 Standard (ISO 20022) for review and comments and on April 18, 2016 the new guidelines were published after gaining international approval from the senior global registration body – the ISO 20022 Registration Management Group.