The Regulatory Oversight Committee (ROC) of the global legal entity identifier system (GLEIS) published the first part of a common data format to be used by pre-LOUs as a standard for sharing or publishing data in the interim GLEIS.
The work is designed to provide a framework to support the initial roll out of the GLEIS and will be followed by a second ‘part’ which will set out more detailed technical specifications. Subsequently, the ROC will set out a deadline for endorsed pre-LOUs to introduce the data format.
The initial work will be followed by more precise specification of the content, range and high-level technical design of pre-LEI data records at the launch of the system. As well as clarifying the requirements for the initial reference data, the technical specifications are expected to include requirements for additional status information which is important for the interpretation of the data, as well as other information judged necessary for addressing differences across pre-LOUs and the needs of their jurisdictions in the interim GLEIS.
The GLEIS will evolve over time in response to the needs of the regulatory community and private sector users, for example to incorporate additional reference data, such as on ownership and hierarchical relationships as previously highlighted or to address any special cases of national and international identification. The ROC and the GLEIF may provide further guidance on standards and the application of standards in response to observed needs.
Full press release
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