Global Legal Entity Identifier Foundation Level 2 Ontology - Who Owns Whom

Accounting consolidation holds when '[in the] financial statements of a group [...] the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity'.

the type of accounting standard used to source consolidation information, which is based on reported accounting roll-ups

The 'child' entity has its accounts fully consolidated by the 'parent' entity, in the sense given by the accounting standard(s) specified; the parent entity is the closest fully consolidating parent to the child entity in any applicable hierarchical ownership structure.

The 'child' entity is a Feeder Fund, that is (almost) exclusively invested in a single other fund. The 'parent'' is the Master Fund that has identical investment strategies.

The 'child' entity is a fund managed by a main management entity. The 'parent' is legally responsible for the constitution and operation of the fund.

A relationship where the 'child' entity is a fund.

Child is a lead international branch or international branch network outside of the head office’s jurisdiction. The Parent is the Head Office and MUST have an LEI.

The Registration container element contains information specifying the LOU's administration of the relationship record.

The status of the legal entity's relationship record registration with the Managing LOU.

The status of the legal entities' relationship itself: active or inactive.

Type of source document(s) used for validating the relationship.

The 'child' entity is a sub-fund to an umbrella fund. The 'parent' is a legal entity with one or more than one sub-funds/compartments where each sub-fund/compartment has its own investment objectives, separate investment policies and strategies, segregation of assets, separate investors and which has segregated liability between sub-funds/compartments.

The 'child' entity has its accounts fully consolidated by the 'parent' entity, in the sense given by the accounting standard(s) specified; the child entity is the most distant fully consolidating parent from the child entity in any applicable hierarchical ownership structure.