The W3C Web Ontology Language (OWL) is a Semantic Web language designed to represent rich and complex knowledge about things, groups of things, and relations between things. (from https://www.w3.org/OWL/)
The international standard IEC 61499, addressing the topic of function blocks for industrial process measurement and control systems, was initially published in 2005. The specification of IEC 61499 defines a generic model for distributed control systems and is based on the IEC 61131 standard. (see https://en.wikipedia.org/wiki/IEC_61499 and IEC 61499 - International Electrotechnical Commission.
MQTT (MQ Telemetry Transport) is an open OASIS and ISO standard (ISO/IEC PRF 20922) lightweight, publish-subscribe network protocol that transports messages between devices. (From https://en.wikipedia.org/wiki/MQTT)
Universal Business Language (UBL) is an open library of standard electronic XML business documents for procurement and transportation such as purchase orders, invoices, transport logistics and waybills. UBL was developed by an OASIS Technical Committee with participation from a variety of industry data standards organizations. Version 2.1 was approved as an OASIS Standard in November 2013 and an ISO Standard (ISO/IEC 19845:2015) in December 2015
SensorThings API is an Open Geospatial Consortium (OGC) standard providing an open and unified framework to interconnect IoT sensing devices, data, and applications over the Web. It is an open standard addressing the syntactic interoperability and semantic interoperability of the Internet of Things. It complements the existing IoT networking protocols such CoAP, MQTT, HTTP, 6LowPAN. While the above-mentioned IoT networking protocols are addressing the ability for different IoT systems to exchange information, OGC SensorThings API is addressing the ability for different IoT systems to use and understand the exchanged information. As an OGC standard, SensorThings API also allows easy integration into existing Spatial Data Infrastructures or Geographic Information Systems.
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations. (from https://en.wikipedia.org/wiki/Regulatory_compliance)