BS ISO 17442-1:2020 - Financial services. Legal entity identifier (LEI). Assignment

BS ISO 17442-1:2020

Financial services. Legal entity identifier (LEI). Assignment

Status : Current   Published : September 2020

Format
PDF

Format
HARDCOPY



This document specifies the minimum elements of an unambiguous legal entity identifier (LEI) scheme to identify the legal entities relevant to any financial transaction.

It is applicable to “legal entities”, which include, but are not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal contracts, regardless of whether they are incorporated or constituted in some other way (e.g. trust, partnership, contractual). It includes governmental organizations, supranationals and individuals when acting in a business capacity 1

1

As stated by the LEI Regulatory Oversight Committee on 30 September 2015.

, but excludes natural persons. It also includes international branches as defined in

3.5

.



The LEI is designed for automated processing. It can also be conveniently used in other media interchange when appropriate (e.g. paper document exchange).

NOTE

Examples of eligible legal entities include, without limitation:

  1. all financial intermediaries;

  2. banks and finance companies;

  3. international branches;

  4. all entities that issue equity, debt or other securities for other capital structures;

  5. all entities listed on an exchange;

  6. all entities that trade financial instruments or are otherwise parties to financial transactions, including business entities, pension funds and investment vehicles such as collective investment funds (at umbrella and sub-fund level) and other special purpose vehicles that have a legal form;

  7. all entities under the purview of a financial regulator and their affiliates, subsidiaries and holding companies;

  8. sole traders (as an example of individuals acting in a business capacity);

  9. counterparties to financial transactions.




Standard NumberBS ISO 17442-1:2020
TitleFinancial services. Legal entity identifier (LEI). Assignment
StatusCurrent
Publication Date18 September 2020
Normative References(Required to achieve compliance to this standard)ISO 20275, ISO 8601, ISO 3166, ISO/IEC 7064
Informative References(Provided for Information)No other standards are informatively referenced
ReplacesBS ISO 17442:2019
International RelationshipsISO 17442-1:2020
Draft Superseded By20/30403750 DC
DescriptorsFinancial institutions, Production planning, Risk analysis, Consumer-supplier relations, Legal procedures, Business continuity
ICS03.060
Title in FrenchServices financiers. Schéma d'identifiant d'entité légale (IEL) Attribution
CommitteeIST/12
ISBN978 0 539 06679 1
PublisherBSI
FormatA4
DeliveryYes
Pages18
File Size1.054 MB
Price£130.00


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