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    GLEIF Publishes Version 1.1 of Entity Legal Forms Code List

    July 19, 2019

    GLEIF published Version 1.1 of the Entity Legal Forms (ELF) Code List, which now lists more than 2,100 entity legal forms across more than 90 jurisdictions. The list contains legal forms in their native language for entities such as limited liability companies (Ltd), Gesellschaft mit beschränkter Haftung (GmbH), or Société Anonyme (SA). The ELF Code List assigns a unique code to each entity legal form. The ELF code is an alpha-numeric code of four characters from the basic Latin character set.

    The ELF Code List is based on the ISO standard 20275 “Financial Services –ELF,” developed by the International Organization for Standardization. Its aim is to enable legal forms within jurisdictions to be codified and thus facilitate the classification of legal entities according to their legal form. Integrating ELF codes into the standardized set of reference data on a legal entity, which is available within the Global LEI Index, further enhances the business card information included in each Legal Entity Identifier (LEI) record.

    Going forward, the organizations issuing LEI will reference the ELF code in their LEI issuance processes and reporting. The LEI-Common Data File (CDF) format defines how LEI issuing organizations report their LEI and Level 1 reference data—that is, the business card information on a legal entity. The structure for the ELF code has been incorporated into the LEI-CDF format version 2.1. GLEIF will monitor compliance of LEI issuers with the ELF Code List subject to an ELF code being available for a specific legal entity form in a jurisdiction. Since March 01, 2018, all newly issued LEIs must indicate the applicable ELF code, if available.

     

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    Keywords: International, Banking, Insurance, Securities, LEI, ELF Code List, ISO Standard 20275, Global LEI Index, GLEIF

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