Legal Entity Identifier FAQ – LEI / LOU Information

When will the LEI become widely or comprehensively used by market participants and regulators?

The OFR is committed to promoting widespread adoption of the global LEI and we expect that many government agencies across…

5 years ago

What can firms start doing now?

The G-20’s endorsement of the FSB’s recommendations to implement a global LEI, consistent with the specifications of the International Organization…

5 years ago

What are the next steps in establishing the global LEI and when will it be up and running?

Following G-20 endorsement of the FSB’s recommendations in June 2012, the FSB established the LEI Implementation Group (IG) to move…

5 years ago

How will the LEI system work?

The LEI system is an alphanumeric code and associated set of six reference data items to uniquely identify a legally…

5 years ago

Why did the OFR get involved in establishing the global LEI and what is the OFR’s role?

A key element of the OFR’s mandate is to improve the quality and scope of financial data by assessing gaps…

5 years ago

If a global LEI is so useful, why hasn’t it already been established?

Private industry has made several attempts over the past 20 years to establish a global entity identification system. However, private…

5 years ago

Why do we need a global LEI?

The establishment of a global LEI system will be a significant achievement in responding to the vulnerabilities of the global…

5 years ago

What is a global LEI?

The LEI is a reference code to uniquely identify a legally distinct entity that engages in a financial transaction. Currently,…

5 years ago

What is a global LEI?

The LEI is a reference code to uniquely identify a legally distinct entity that engages in a financial transaction. Currently,…

5 years ago