Legal Entity Identifier (Dictionary Entry)
Contexts | Finance |
|---|---|
Term | Legal Entity Identifier |
Alternative Forms | LEI |
Definitions | A 20-character, alpha-numeric code, to uniquely identify legally distinct entities that engage in financial transactions. |
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Legal Entity Identifier: A 20-character, alpha-numeric code, to uniquely identify legally distinct entities that engage in financial transactions. The organizational structure of the LEI consists of a federated group of registrars, Local Operating Units (LOUs); a central operational body, the Global LEI Foundation (GLEIF); and a regulatory body charged with oversight of the LEIs, the Regulatory Oversight Committee (ROC). The GLEIF is a Swiss foundation inaugurated in June 2014 and founded by the Financial Stability Board (FSB). It is overseen by 70 global regulators in the Regulatory Oversight Committee (ROC).
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