{
    "model": {
        "rank": 10257,
        "code": "thing-q557880",
        "model_id": "vr.tr.investor",
        "name": "investor",
        "purpose": "Let an agent explain investors and their kinds, relay how investor categories are defined in finance and securities law from regulatory and reference sources, describe the kinds the registry aliases name, and distinguish investors from speculators, lenders, traders and business owners, without giving investment advice.",
        "family": "Thing Registry",
        "category": "Society, people and institutions",
        "status": "research-draft",
        "kind": "thing",
        "plane": "SOC",
        "domain": "SOC.PER",
        "industry": "",
        "version": "",
        "url": "/models/thing/q557880/",
        "tier": 2,
        "score": 45,
        "payload": {
            "layer": "wikidata",
            "aliases": [
                "mining investor",
                "private investor",
                "white knight",
                "institutional investor",
                "accredited investor",
                "passive investor",
                "angel investor",
                "super angel"
            ],
            "aliasCount": 8,
            "merged": 8,
            "knownIn": 45,
            "facets": null,
            "markers": [],
            "lexicalClass": "",
            "senseRank": null,
            "alsoRegisteredAs": "vr.tr.investor",
            "source": {
                "dataset": "wikidata",
                "item": "Q557880",
                "url": "https://www.wikidata.org/wiki/Q557880",
                "license": "CC0 1.0"
            }
        },
        "research": {
            "vercy": "1.0-draft",
            "publication": {
                "status": "research-draft",
                "adjudicationStatus": "unreviewed",
                "publishableCanonical": false,
                "generatedAt": "2026-09-13T15:11:24Z",
                "providers": [
                    "Claude"
                ],
                "breadth": "written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify",
                "pass": 2,
                "wave": 4,
                "engine": "claude"
            },
            "metaModel": {
                "id": "THING-Q557880",
                "registryId": "vr.tr.investor",
                "name": "investor",
                "version": "0.2.0-wave.4",
                "entryKind": "thing",
                "family": "Thing Registry",
                "domain": [
                    "SOC.PER"
                ],
                "status": "research-draft"
            },
            "canonicalUrl": "https://ver.cy/models/thing/q557880/",
            "model": {
                "registry_id": "vr.tr.investor",
                "name": "investor",
                "purpose": "Let an agent explain investors and their kinds, relay how investor categories are defined in finance and securities law from regulatory and reference sources, describe the kinds the registry aliases name, and distinguish investors from speculators, lenders, traders and business owners, without giving investment advice.",
                "definition": "A person or organisation that commits capital with the expectation of financial return, including private individuals, institutional investors such as pension funds and insurers, accredited investors meeting wealth or income thresholds for restricted offerings, passive investors who hold index funds or do not manage their holdings, sector specialists such as mining investors, and white knights who acquire a company to rescue it from a hostile takeover. The model gives general information, not investment advice.",
                "what_it_is_for": "Not applicable; an economic role.",
                "affordances": [
                    "explain the role",
                    "relay categories and law",
                    "describe kinds",
                    "distinguish related roles"
                ],
                "distinguishing_features": [
                    "Capital commitment",
                    "Expectation of return",
                    "Legal categories",
                    "Active or passive"
                ],
                "appearance": "Not a visible object; a person or organisation.",
                "visual_identification": [
                    "Person or organisation committing capital for return",
                    "Private investor, institutional investor, accredited investor, passive investor, mining investor, white knight",
                    "Speculators seek short-term gains; lenders provide debt; traders buy and sell frequently; owners run businesses"
                ],
                "physical_properties": [
                    {
                        "quantity": "US accredited investor threshold",
                        "typical_range": "1 million USD net worth or 200000 USD income",
                        "unit": "note",
                        "note": "excluding primary residence"
                    },
                    {
                        "quantity": "institutional assets worldwide",
                        "typical_range": "over 100",
                        "unit": "trillion USD",
                        "note": "estimates"
                    },
                    {
                        "quantity": "white knight",
                        "typical_range": "friendly acquirer in a takeover",
                        "unit": "note",
                        "note": ""
                    }
                ],
                "families_and_kinds": [
                    "private or retail investors",
                    "institutional investors",
                    "accredited and qualified investors",
                    "passive and index investors",
                    "activist investors",
                    "sector investors such as mining investors",
                    "white knights in takeovers",
                    "angel and venture investors"
                ],
                "related_models": [
                    {
                        "relation": "is a kind of",
                        "target": "businessperson",
                        "why": "in registry terms"
                    },
                    {
                        "relation": "provides",
                        "target": "capital",
                        "why": "to firms and markets"
                    },
                    {
                        "relation": "is contrasted with",
                        "target": "speculator",
                        "why": "seeking short-term gain"
                    },
                    {
                        "relation": "is regulated by",
                        "target": "securities regulator",
                        "why": "in each jurisdiction"
                    }
                ],
                "identifiers": [],
                "standards_and_regulation": [
                    "Securities laws defining accredited and qualified investors",
                    "Investor protection and disclosure rules",
                    "Takeover codes governing white knights"
                ],
                "failure_modes_and_hazards": [
                    "Agents giving investment advice",
                    "Confusing investor categories across jurisdictions",
                    "Registry aliases mixing legal categories and takeover roles"
                ],
                "in_scope": [],
                "out_of_scope": [],
                "characteristics": []
            },
            "sources": [],
            "structure": {
                "bundles": [
                    {
                        "id": "understand",
                        "name": "Understand",
                        "description": "What an investor is.",
                        "rationale": "Definition.",
                        "layers": [
                            {
                                "id": "definition",
                                "name": "Definition",
                                "description": "Definition.",
                                "findings": [
                                    {
                                        "id": "definition-finding",
                                        "name": "Definition",
                                        "description": "Definition.",
                                        "questions": [
                                            {
                                                "text": "What is an investor, and how does the role differ from speculator, lender, trader and business owner?",
                                                "kind": "definition"
                                            },
                                            {
                                                "text": "Is the question general, or a request for investment advice, which the model does not give?",
                                                "kind": "boundary"
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "kinds",
                                "name": "Kinds",
                                "description": "Kinds.",
                                "findings": [
                                    {
                                        "id": "kinds-finding",
                                        "name": "Kinds",
                                        "description": "Kinds.",
                                        "questions": [
                                            {
                                                "text": "What are private, institutional, accredited, passive and mining investors and white knights?",
                                                "kind": "definition"
                                            },
                                            {
                                                "text": "Which entry fits the specific kind?",
                                                "kind": "action"
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "law",
                        "name": "Law",
                        "description": "Law and regulation.",
                        "rationale": "Regulation.",
                        "layers": [
                            {
                                "id": "categories",
                                "name": "Categories",
                                "description": "Legal categories.",
                                "findings": [
                                    {
                                        "id": "categories-finding",
                                        "name": "Categories",
                                        "description": "Categories.",
                                        "questions": [
                                            {
                                                "text": "How do securities laws define accredited and qualified investors, and why?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "text": "Which references are standard?",
                                                "kind": "provenance"
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "protection",
                                "name": "Protection",
                                "description": "Investor protection.",
                                "findings": [
                                    {
                                        "id": "protection-finding",
                                        "name": "Protection",
                                        "description": "Protection.",
                                        "questions": [
                                            {
                                                "text": "What disclosure and protection rules apply to investors?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "text": "Which sources are cited?",
                                                "kind": "provenance"
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "economics",
                        "name": "Economics",
                        "description": "Economics.",
                        "rationale": "Attribution.",
                        "layers": [
                            {
                                "id": "role",
                                "name": "Role",
                                "description": "Economic role.",
                                "findings": [
                                    {
                                        "id": "role-finding",
                                        "name": "Role",
                                        "description": "Role.",
                                        "questions": [
                                            {
                                                "text": "What role do investors play in capital markets and firms, as economists describe?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "text": "Which entry fits capital market?",
                                                "kind": "action"
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "behaviour",
                                "name": "Behaviour",
                                "description": "Behaviour.",
                                "findings": [
                                    {
                                        "id": "behaviour-finding",
                                        "name": "Behaviour",
                                        "description": "Behaviour.",
                                        "questions": [
                                            {
                                                "text": "What does research say about investor behaviour and biases, with findings attributed?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "text": "Which entry fits behavioural finance?",
                                                "kind": "action"
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "context",
                        "name": "Context",
                        "description": "Takeovers and history.",
                        "rationale": "Context.",
                        "layers": [
                            {
                                "id": "takeovers",
                                "name": "Takeovers",
                                "description": "Takeovers.",
                                "findings": [
                                    {
                                        "id": "takeovers-finding",
                                        "name": "Takeovers",
                                        "description": "Takeovers.",
                                        "questions": [
                                            {
                                                "text": "What is a white knight, and how do takeover defences work?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "text": "Which entry fits hostile takeover?",
                                                "kind": "action"
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "history",
                                "name": "History",
                                "description": "History.",
                                "findings": [
                                    {
                                        "id": "history-finding",
                                        "name": "History",
                                        "description": "History.",
                                        "questions": [
                                            {
                                                "text": "How did investing develop from early joint-stock companies to index funds?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "text": "Which entry fits the history of investing?",
                                                "kind": "action"
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    }
                ]
            },
            "openQuestions": [
                "Should institutional investor and accredited investor be separate primary entries?",
                "How should regulatory sources be linked?",
                "The registry entry has merged aliases naming legal categories, a sector and a takeover role; should they be split off?"
            ],
            "statistics": {
                "bundles": 4,
                "layers": 8,
                "findings": 8,
                "questions": 16
            }
        },
        "draft": {
            "generator": "vr.draft.v3",
            "status": "draft-generated",
            "researched": false,
            "archetype": "occupation or role",
            "method": "Written from the archetype playbook - what this kind of thing needs beyond identity and provenance - and from the structure that recurred across 6,333 models already researched by two engines. Applied to this entry by rule. No source was read for this thing and no claim here is researched. This entry carries no facets of its own, so they were inferred from its domain - a guess about a whole domain applied to one thing.",
            "facetsInferred": true,
            "nextPass": "A researcher replaces this draft with a sourced specification. Treat every sentence below as a proposal to argue with.",
            "purpose": "Give an agent a durable, checkable way to recognise a investor, record what state it is in, and decide what may be done with it.",
            "whatItIs": "Let an agent explain investors and their kinds, relay how investor categories are defined in finance and securities law from regulatory and reference sources, describe the kinds the registry aliases name, and distinguish investors from speculators, lenders, traders and business owners, without giving investment advice.",
            "characteristics": {
                "substance": "social",
                "origin": "natural",
                "agency": "autonomous",
                "mobility": "self-moving"
            },
            "whatYouCanDoWithIt": [
                "observed and measured"
            ],
            "distinguishingFeatures": [
                "Names folded into this entry, which a task may need to split apart again: mining investor, private investor, white knight, institutional investor, accredited investor, passive investor, angel investor, super angel.",
                "8 finer distinctions are held as aliases rather than separate entries, because telling them apart needs a task that asks for it.",
                "Described in 45 Wikipedia languages, which is a measure of how widely the thing is known, not of how important it is."
            ],
            "openQuestionsForResearch": [
                "Which of the bundles below does a real task actually need, and which are ceremony?",
                "What does this thing have that the facets do not capture at all?",
                "Which neighbouring kind is most often confused with a investor, and on what evidence are they told apart?"
            ],
            "whatItIsMadeOf": "a social arrangement between people",
            "physicalCharacter": [
                "Moves under its own power or of its own accord.",
                "Acts on its own behalf.",
                "These come from the domain this entry sits in rather than from the entry itself, so treat them as a first guess about the whole domain applied to one thing."
            ],
            "whatCanBeDoneWithIt": [
                "observe it, measure it, record its state"
            ],
            "howItIsRecognised": [
                "Not recognisable by appearance, and guessing from dress or setting is how an agent gets this wrong. Recognised by qualification, licence or engagement."
            ],
            "relatedModels": [
                {
                    "relation": "covers",
                    "note": "Finer kinds folded into this entry because telling them apart needs a task that asks for it. Each is a model waiting to be split out when one does.",
                    "targets": [
                        "mining investor",
                        "private investor",
                        "white knight",
                        "institutional investor",
                        "accredited investor",
                        "passive investor",
                        "angel investor",
                        "super angel"
                    ]
                }
            ],
            "standing": "Described in 45 Wikipedia languages, which measures how widely it is written about rather than how important or how common it is. 8 finer distinctions are held inside this entry as names rather than as separate models.",
            "structure": {
                "bundles": [
                    {
                        "id": "identity-and-classification",
                        "name": "Identity, naming and classification",
                        "description": "How an agent tells one investor from another, and a investor from things that resemble it.",
                        "rationale": "Recognition comes before every other claim. Without stable identity nothing else in the model can be trusted to be about the same thing twice.",
                        "layers": [
                            {
                                "id": "naming-and-identifiers",
                                "name": "Names and identifiers",
                                "description": "The names this thing goes by and the identifiers that survive translation and time.",
                                "findings": [
                                    {
                                        "id": "preferred-name-and-aliases",
                                        "name": "Preferred name, aliases and local names",
                                        "description": "Which name to use, which names mean the same thing, and which merely sound similar.",
                                        "questions": [
                                            {
                                                "id": "preferred-name-and-aliases-q01",
                                                "text": "What identifies and describes the name of a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "preferred-name-and-aliases-q02",
                                                "text": "Who or what asserted this about the name of a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "preferred-name-and-aliases-q03",
                                                "text": "What may an agent decide or do once the name of a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    },
                                    {
                                        "id": "stable-identifiers",
                                        "name": "Stable identifiers and external keys",
                                        "description": "Identifiers that keep pointing at this kind of thing across systems and languages.",
                                        "questions": [
                                            {
                                                "id": "stable-identifiers-q01",
                                                "text": "What identifies and describes an identifier for a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "stable-identifiers-q02",
                                                "text": "Who or what asserted this about an identifier for a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "stable-identifiers-q03",
                                                "text": "What may an agent decide or do once an identifier for a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "classification-and-granularity",
                                "name": "Classification and granularity",
                                "description": "Where a investor sits among kinds, and how finely a task needs to cut it.",
                                "findings": [
                                    {
                                        "id": "kind-and-parents",
                                        "name": "Kind, parents and neighbouring kinds",
                                        "description": "The classes this thing belongs to and the ones it is next to.",
                                        "questions": [
                                            {
                                                "id": "kind-and-parents-q01",
                                                "text": "What identifies and describes the kind of a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "kind-and-parents-q02",
                                                "text": "Who or what asserted this about the kind of a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "kind-and-parents-q03",
                                                "text": "What may an agent decide or do once the kind of a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    },
                                    {
                                        "id": "distinguishing-features",
                                        "name": "Distinguishing features",
                                        "description": "What separates a investor from the things most often confused with it.",
                                        "questions": [
                                            {
                                                "id": "distinguishing-features-q01",
                                                "text": "What identifies and describes what distinguishes a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "distinguishing-features-q02",
                                                "text": "Who or what asserted this about what distinguishes a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "distinguishing-features-q03",
                                                "text": "What may an agent decide or do once what distinguishes a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "place-and-movement",
                        "name": "Place and movement",
                        "description": "Where a investor is, how it got there and where it may go (self-moving).",
                        "rationale": "A thing that can move needs its position recorded with a time, or every later claim about it is about a place it has left.",
                        "layers": [
                            {
                                "id": "location-and-placement",
                                "name": "Location and placement",
                                "description": "Position, containment and the reference frame the position is given in.",
                                "findings": [
                                    {
                                        "id": "position-and-frame",
                                        "name": "Position, container and reference frame",
                                        "description": "Where a investor is, and what that position is measured against.",
                                        "questions": [
                                            {
                                                "id": "position-and-frame-q01",
                                                "text": "What identifies and describes the location of a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "position-and-frame-q02",
                                                "text": "Who or what asserted this about the location of a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "position-and-frame-q03",
                                                "text": "What may an agent decide or do once the location of a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "movement-and-transfer",
                                "name": "Movement and transfer",
                                "description": "How a investor moves on its own.",
                                "findings": [
                                    {
                                        "id": "movement-events",
                                        "name": "Movement events and constraints",
                                        "description": "What counts as a movement, what records it and what limits it.",
                                        "questions": [
                                            {
                                                "id": "movement-events-q01",
                                                "text": "What identifies and describes the movement of a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "movement-events-q02",
                                                "text": "Who or what asserted this about the movement of a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "movement-events-q03",
                                                "text": "What may an agent decide or do once the movement of a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "state-and-lifecycle",
                        "name": "State and lifecycle",
                        "description": "The states a investor passes through and the events that move it between them.",
                        "rationale": "Most decisions about a thing depend on what state it is in now, which is a claim with a time on it, not a property.",
                        "layers": [
                            {
                                "id": "lifecycle-stages",
                                "name": "Lifecycle stages",
                                "description": "From coming into existence to ceasing to be one of these.",
                                "findings": [
                                    {
                                        "id": "stages-and-transitions",
                                        "name": "Stages and transitions",
                                        "description": "The stages worth naming and what moves a investor between them.",
                                        "questions": [
                                            {
                                                "id": "stages-and-transitions-q01",
                                                "text": "What identifies and describes the lifecycle of a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "stages-and-transitions-q02",
                                                "text": "Who or what asserted this about the lifecycle of a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "stages-and-transitions-q03",
                                                "text": "What may an agent decide or do once the lifecycle of a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "observations-and-status",
                                "name": "Observations and current status",
                                "description": "What is observed about a investor, how often and by whom.",
                                "findings": [
                                    {
                                        "id": "observation-record",
                                        "name": "Observation record",
                                        "description": "How an observation of a investor is recorded so that it can be superseded rather than overwritten.",
                                        "questions": [
                                            {
                                                "id": "observation-record-q01",
                                                "text": "What identifies and describes an observation of a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "observation-record-q02",
                                                "text": "Who or what asserted this about an observation of a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "observation-record-q03",
                                                "text": "What may an agent decide or do once an observation of a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "people-and-responsibility",
                        "name": "People, roles and responsibility",
                        "description": "Who stands in what relation to a investor.",
                        "rationale": "Social things are defined by the relations people hold to them, and those relations change without the thing changing.",
                        "layers": [
                            {
                                "id": "roles-and-parties",
                                "name": "Roles and parties",
                                "description": "The roles that exist around a investor and who fills them.",
                                "findings": [
                                    {
                                        "id": "role-assignments",
                                        "name": "Role assignments and their validity",
                                        "description": "Who holds which role over a investor, from when, and on whose authority.",
                                        "questions": [
                                            {
                                                "id": "role-assignments-q01",
                                                "text": "What identifies and describes a role over a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "role-assignments-q02",
                                                "text": "Who or what asserted this about a role over a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "role-assignments-q03",
                                                "text": "What may an agent decide or do once a role over a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "ownership-and-accountability",
                                "name": "Ownership and accountability",
                                "description": "Who answers for a investor and who may decide about it.",
                                "findings": [
                                    {
                                        "id": "accountability",
                                        "name": "Accountability and decision rights",
                                        "description": "Where responsibility for a investor sits when something goes wrong.",
                                        "questions": [
                                            {
                                                "id": "accountability-q01",
                                                "text": "What identifies and describes responsibility for a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "accountability-q02",
                                                "text": "Who or what asserted this about responsibility for a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "accountability-q03",
                                                "text": "What may an agent decide or do once responsibility for a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "competence-and-licence",
                        "name": "Competence, qualification and licence",
                        "description": "What someone must be able to do, and be permitted to do, as investor.",
                        "rationale": "The permission is jurisdictional and the competence is not, and conflating them is how an agent concludes someone may practise when they may not.",
                        "layers": [
                            {
                                "id": "competences",
                                "name": "Competences and qualifications",
                                "description": "Skills and credentials the role assumes.",
                                "findings": [
                                    {
                                        "id": "qualification-record",
                                        "name": "Qualifications and how they are evidenced",
                                        "description": "What counts as qualified, and what proves it.",
                                        "questions": [
                                            {
                                                "id": "qualification-record-q01",
                                                "text": "What competences and qualifications does investor require, and how is each evidenced?",
                                                "kind": "definition"
                                            },
                                            {
                                                "id": "qualification-record-q02",
                                                "text": "Which qualifications transfer between jurisdictions and which do not?",
                                                "kind": "boundary"
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "licensing",
                                "name": "Licensing and the right to practise",
                                "description": "Who grants permission, where it holds, and when it lapses.",
                                "findings": [
                                    {
                                        "id": "licence-record",
                                        "name": "Licence, issuer and validity",
                                        "description": "The permission, its issuer, its territory and its expiry.",
                                        "questions": [
                                            {
                                                "id": "licence-record-q01",
                                                "text": "Who licenses investor, in which territory, and for how long?",
                                                "kind": "provenance"
                                            },
                                            {
                                                "id": "licence-record-q02",
                                                "text": "What may an unlicensed person not do, and what must an agent refuse to assume?",
                                                "kind": "action"
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "tasks-and-accountability",
                        "name": "Tasks, employment and accountability",
                        "description": "What investor actually does and who answers for it.",
                        "rationale": "A role is filled by people under an arrangement, and the arrangement decides liability, supervision and who may instruct whom.",
                        "layers": [
                            {
                                "id": "tasks",
                                "name": "Tasks and typical duties",
                                "description": "The work itself, and how it differs by setting.",
                                "findings": [
                                    {
                                        "id": "duty-record",
                                        "name": "Duties and setting",
                                        "description": "What the role does and where the work varies.",
                                        "questions": [
                                            {
                                                "id": "duty-record-q01",
                                                "text": "What tasks define investor, and how do they differ between settings or seniority?",
                                                "kind": "definition"
                                            },
                                            {
                                                "id": "duty-record-q02",
                                                "text": "Which tasks may only be done by this role, and which are shared with neighbouring roles?",
                                                "kind": "boundary"
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "accountability",
                                "name": "Employment and accountability",
                                "description": "The relation under which the work is done and where responsibility sits.",
                                "findings": [
                                    {
                                        "id": "responsibility",
                                        "name": "Responsibility and supervision",
                                        "description": "Who instructs, who supervises, who is liable.",
                                        "questions": [
                                            {
                                                "id": "responsibility-q01",
                                                "text": "Under what arrangement does someone act as investor, and who supervises or is liable?",
                                                "kind": "definition"
                                            },
                                            {
                                                "id": "responsibility-q02",
                                                "text": "When something goes wrong, what does the model need to have recorded to answer who was responsible?",
                                                "kind": "provenance"
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    },
                    {
                        "id": "provenance-and-evidence",
                        "name": "Provenance, evidence and time",
                        "description": "Where every claim about a investor came from and when it held.",
                        "rationale": "A claim without a source and a time cannot be superseded, only overwritten, and an agent that overwrites loses the ability to explain itself.",
                        "layers": [
                            {
                                "id": "source-and-authority",
                                "name": "Source and authority",
                                "description": "Who said it, on what evidence, and how strongly.",
                                "findings": [
                                    {
                                        "id": "claim-provenance",
                                        "name": "Claim provenance and confidence",
                                        "description": "The authority behind each claim about a investor and how confident it is.",
                                        "questions": [
                                            {
                                                "id": "claim-provenance-q01",
                                                "text": "What identifies and describes a claim about a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "claim-provenance-q02",
                                                "text": "Who or what asserted this about a claim about a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "claim-provenance-q03",
                                                "text": "What may an agent decide or do once a claim about a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            },
                            {
                                "id": "time-and-versions",
                                "name": "Time, versions and supersession",
                                "description": "When a claim was true, when it was learnt, and what replaced it.",
                                "findings": [
                                    {
                                        "id": "validity-and-supersession",
                                        "name": "Validity period and supersession",
                                        "description": "How an old claim about a investor is retired without being erased.",
                                        "questions": [
                                            {
                                                "id": "validity-and-supersession-q01",
                                                "text": "What identifies and describes the validity of a claim about a investor, and in what units or vocabulary?",
                                                "kind": "definition",
                                                "answer_data": [
                                                    "identifiers",
                                                    "types and classes",
                                                    "values with units",
                                                    "explicit unknowns"
                                                ]
                                            },
                                            {
                                                "id": "validity-and-supersession-q02",
                                                "text": "Who or what asserted this about the validity of a claim about a investor, by which method, and when was it true?",
                                                "kind": "provenance",
                                                "answer_data": [
                                                    "authority",
                                                    "method",
                                                    "evidence",
                                                    "event time",
                                                    "knowledge time"
                                                ]
                                            },
                                            {
                                                "id": "validity-and-supersession-q03",
                                                "text": "What may an agent decide or do once the validity of a claim about a investor is known, and what must it refuse?",
                                                "kind": "action",
                                                "answer_data": [
                                                    "permitted actions",
                                                    "preconditions",
                                                    "refusals",
                                                    "escalation"
                                                ]
                                            }
                                        ]
                                    }
                                ]
                            }
                        ]
                    }
                ]
            },
            "statistics": {
                "bundles": 7,
                "layers": 14,
                "findings": 16,
                "questions": 44
            }
        }
    }
}