There are several different files involved with an LEI. Here’s how the GLEIF describe these files for applicants without parents.
- Level 1 – LEI-CDF format: Defines how Level 1 data, i.e. the information on ‘who is who’, is reported.
- Level 2 – Reporting Exceptions format: If the child legal entity reports an exception, a record in this format is generated for the parent entity. Each record refers to a child legal entity, indicates whether the exception applies to the direct or ultimate parent and provides the reporting exception. Reporting exceptions include: The LEI registrant has no parent entity; the child legal entity opts out of reporting for exceptional reasons; the direct and ultimate parents of the LEI registrant do not have an LEI.