Your weekly LEI roundup with highlights from the LEI ecosystem.
In this series, we aim to bring you the latest news from the LEI ecosystem, so you can start the week one step ahead.
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GLEIF blog: How to Prepare for the New ROC Policies
In order to increase the level of open, standardized and high-quality legal entity reference data available to users, the Global LEI System (GLEIS) will implement three new Regulatory Oversight Committee (ROC) policies. This implementation will take place on March 31st, 2022.
The new policies apply to:
- Legal Entity Events: Specifies events that alter the entity, the relationship data of a legal entity, or result in the retirement and/or creation of LEIs.
- Fund Relationships: Introduces three new distinct relationship types that can be collected for funds.
- General Government Entities: Allows certain legal entities to be classified as Government Entities or International Organizations.
From March 1st, 2022, and in line with the new policies, all GLEIF services will accept and display data in new Common Data File (CDF) formats. This implies that public users of the Global LEI System will need to process data in the new format from that date onwards although during this month public users of the Global LEI System should be ready to support both formats.
Read the whole article to find out the preparatory steps public users are required to take to comply with these requirements.
GLEIF publishes May’s BIC-to-LEI Relationship File
The BIC-to-LEI relationship file is built upon a mapping process established by SWIFT and certified by GLEIF. An important step towards consolidating information since it eases the process of gathering, aggregating, and reconciling counterparty information based on interoperability across parallel ID platforms.
The latest published BIC-to-LEI relationship file can be found on GLEIF’s website.
More LEI news from around the web
Clearsteam: Spain: Financial Transaction Tax (FTT) – Further information – Update II
The European Central Bank: SDR will create a more efficient post-trade process
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