Legal Entity Identifier (Dictionary Entry)
- David Doret
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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Quotes
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).
(World Bank Group and GPFI, 2018, p. viii)
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