The FSB report calls for the COU to be founded as a not-for-profit foundation, or equivalent structure. Will the global LEI system be run by this foundation?

The FSB’s recommendations for the LEI call for forming the Central Operating Unit (COU) as a not-for-profit foundation, or a body of equivalent legal form, overseen by a Board of Directors that operates under the oversight of the Regulatory Oversight Committee (ROC). The not-forprofit status will facilitate funding to develop and operate the LEI system on a cost-recovery basis. The LEI Implementation Group will identify the specific funding structure.

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