How WiseReg works
No jargon. Here's what actually happens when you ask a compliance question.
Step 1: You ask a question in plain English
You type something like "Does our PDS need to include fee comparison information under RG 97?" — no special syntax, no document codes. WiseReg understands natural language questions about Australian financial services regulation.
Step 2: Retrieval — finding the right source material
WiseReg searches a curated index of ASIC Regulatory Guides, Class Orders, and APRA Prudential Standards. This isn't a simple keyword search. The system converts your question into a semantic representation — essentially a mathematical description of what the question means — and finds the passages in the regulatory corpus that are closest in meaning, not just in wording.
The result is a short list of the most relevant clauses and paragraphs from the actual source documents. These are the raw materials for your answer.
Step 3: Validation — a second pass before you see anything
Before returning a result, WiseReg runs a separate validation step. Think of it as a second analyst checking the first analyst's work. The validator reviews the retrieved clauses and the proposed answer to check that:
- The cited clauses actually support the conclusion
- No contradicting clauses have been missed
- The answer is specific enough to be actionable, not just a restatement of the question
If the validator finds a problem, WiseReg will revise or flag the answer rather than present a result it cannot stand behind.
Step 4: You get a cited, auditable answer
The final output includes:
- A direct answer to your question
- The specific clauses from the source document that support it — with paragraph references you can verify yourself
- A confidence indicator showing how well the retrieved material matched your question
- A full log of the retrieval and validation steps, timestamped and exportable for your compliance file
What WiseReg is not
WiseReg is not a substitute for legal advice on novel or contested questions. It is a research and drafting tool that helps compliance professionals work faster and more consistently. Every answer includes its sources — you remain in control of the final interpretation.
See it in action
Request early access and we'll walk you through a live demo on your own compliance questions.
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