Level 1 Data: Who is Who
The Legal Entity Identifier (LEI) connects to key reference data that provides the information on a legal entity identifiable with an LEI. The ISO 17442 standard developed by the International Organization for Standardization defines a set of attributes or LEI reference data that are the most essential elements of identification. It specifies the minimum reference data, which must be supplied for each LEI:
- The official name of the legal entity as recorded in the official registers.
- The registered address of that legal entity.
- The country of formation.
- The codes for the representation of names of countries and their subdivisions.
- The date of the first LEI assignment; the date of last update of the LEI information; and the date of expiry, if applicable.
Additional information may be registered as agreed between the legal entity and its LEI issuing organization. The business card information available with the legal entity reference data to date is referred to as ‘Level 1’ data. It provides the answer to the question of ‘who is who’. The LEI-Common Data File format defines how LEI issuing organizations report their LEI and Level 1 reference data.
In a next step, the LEI data pool will be enhanced to include the ‘Level 2’ data that will answer the question of ‘who owns whom’.