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--- fxdemo:07-part:09-market-operating-model:09-1-market-participation:start [2026/07/18 12:33] – external edit 127.0.0.1
+++ fxdemo:07-part:09-market-operating-model:09-1-market-participation:start [2026/08/06 11:01] (current) – nick_dido
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 Market Participation identifies the participants, Nodes, governed functions, and qualification records that allow the Governed Node Service Market to assign governed work.
-A participant does not receive governed work merely by entering the market. A Node does not receive governed work merely because it runs, connects, or offers a lower cost. The market recognises participation through the relationship among Qualified Service Providers, Qualified Nodes, governed functions, Qualification Profiles, Qualification Evidence, applicable policies, Non-Functional Characteristics, and evidence obligations.
+A participant does not receive governed work merely by entering the market. A Node does not receive governed work merely because it runs, connects, or offers a lower cost. The market recognizes participation through the relationship among Qualified Service Providers, [[dido:99_annexes:annex-b-terms-and-definitions:q:qualified_node|Qualified Nodes]], governed functions, Qualification Profiles, Qualification Evidence, applicable policies, Non-Functional Characteristics, and evidence obligations.
-A Qualified Service Provider carries accountability for one or more governed functions. A Qualified Node performs a defined, governed function after the market recognises its eligibility. A Qualification Profile identifies the governed functions and Non-Functional Characteristics for which the Node or Service Provider has a recognised qualification. Qualification Evidence supports that recognition.
+A Qualified Service Provider carries accountability for one or more governed functions. A Qualified Node performs a defined, governed function after the market recognizes its eligibility. A Qualification Profile identifies the governed functions and Non-Functional Characteristics for which the Node or Service Provider has a recognized qualification. Qualification Evidence supports that recognition.
 Market Participation includes both organizational participation and operational participation. Organizational participation identifies the accountable Qualified Service Provider. Operational participation identifies the Qualified Node that performs the governed function. Both forms of participation matter because compensation, liability, audit, conformance, suspension, and review require organizational accountability and technical traceability.
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 Presence means that a Node exists, runs, or connects to an environment.
-Eligibility means that the market recognises a Node as qualified for a governed function.
+Eligibility means that the market recognizes a Node as qualified for a governed function.
 Assignment means that the market selects an eligible Qualified Node to perform specific governed work.
 Compensation means that the work receives economic recognition through the Cost Recovery, Compensation, and Settlement Plane after the required evidence supports the work.