Taking the Next Step: A Progress Report on Collecting Data on ‘Who Owns Whom’ in the Global LEI System
The information available with the Legal Entity Identifier (LEI) reference data to date, e.g. the official name of a legal entity and its registered address, is referred to as ‘Level 1’ data. It provides the answer to the question of ‘who is who’. 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’. In March 2016, the LEI Regulatory Oversight Committee (LEI ROC) published the document, entitled ‘Collecting data on direct and ultimate parents of legal entities in the Global LEI System – Phase 1’. The Global Legal Entity Identifier Foundation (GLEIF) is responsible for carrying out the project management and developing the organizational and technical standards required by the LEI issuing organizations to collect the parent information. This podcast provides a brief progress report. For detailed information, refer to this GLEIF blog post.