[Organization Identifier Proposal]: LEI

[NazmuMasood]

Contact Details

[email protected]

Name of Identifier

Legal Entity Identifier (LEI)

Link to Explainer

https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei

One-liner Description

A unique global identifier for legal entities participating in financial transactions. Accredited by the GLEIF, the identifier is used in regulatory reporting to financial regulators and all financial companies and funds are required to have an LEI.

Price of Registering an Identifier

$89 per year

Is the Identifier Open for Use?

Yes

Approximately how many organizations have been issued an identifier?

2,794,192

Geographic Coverage

global

Issuing Organization

Global Legal Entity Identifier Foundation (GLEIF)

Types of Data Included

• Legal Name
• Registered Address
• Registration Authority ID
• Country of Registration
• Entity Status
• Other (please specify in the additional information field)

Additional Information

LEI code or number is a 20-character, alpha-numeric code based on the ISO 17442 "Financial services — Legal entity identifier (LEI)" standard developed by the International Organization for Standardization (ISO). Each LEI database entry contains information about an entity's ownership and thus answers the questions of 'who is who' and 'who owns whom'. Accredited by the GLEIF, a number of LEI issuers around the world issue and maintain the identifiers.

Other types of Data included in LEI: Corroboration Level (ENTITY_SUPPLIED_ONLY, FULLY_CORROBORATED etc.)

Example entity information by LEI code can be found here.