The OFR is committed to promoting widespread adoption of the global LEI and we expect that many government agencies across the globe will require its use. The global phase-in of the LEI will be driven by the legislative and rule making processes of each jurisdiction requiring the use of the LEI and by the adoption of the LEI by firms for risk management and reporting. Vendors providing add-on services to the LEI will further assist in promoting its use and utility in the marketplace. As noted above, the OFR is working with U.S. regulators to continue to secure requirements in rule makings that will expand the use of the LEI.
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