An algebraic formulation of the locality principle in renormalisation

We study the mathematical structure underlying the concept of locality which lies at the heart of classical and quantum field theory, and develop a machinery used to preserve locality during the renormalisation procedure. Viewing renormalisation in the framework of Connes and Kreimer as the algebraic Birkhoff factorisation of characters on a Hopf algebra with values in a Rota-Baxter algebra, we build locality variants of these algebraic structures, leading to a locality variant of the algebraic Birkhoff factorisation. This provides an algebraic formulation of the conservation of locality while renormalising. 
As an application in the context of the Euler-Maclaurin formula on cones, we renormalise the exponential generating function which sums over the lattice points in convex cones. For a suitable multivariate regularisation, renormalisation from the algebraic Birkhoff factorisation amounts to composition by a projection onto holomorphic multivariate functions.