GLEIF Publishes Version 1.2 of Entity Legal Forms Code List
GLEIF published Version 1.2 of the Entity Legal Forms (ELF) Code List. The new version lists more than 3,100 entity legal forms across more than 160 jurisdictions. The list contains legal forms in the native languages for companies such as the limited liability companies (Ltd), Gesellschaft mit beschränkter Haftung (GmbH), or Société Anonyme (SA). GLEIF also updated the list of current and proposed regulatory activities on the use of Legal Entity Identifier (LEI). This GLEIF list offers regulatory details, including links to domestic implementation documents, for jurisdictions where LEI is required, along with the effective date. It is the prerogative of the authorities acting in individual jurisdictions to mandate the use of LEIs. GLEIF closely monitors initiatives relevant to legal entity identification in regulatory reporting and supervision and updates this list regularly.
As per the GLEIF statement, the ELF Code List is based on the ISO standard 20275 "Financial Services – ELF," which is 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, available within the Global LEI Index, further enhances the business card information included in each LEI record. With the implementation of Version 1.2 of the ELF Code list, the French legal forms (and the ELF Codes) will now also be used for seven French overseas territories (French Guiana, Guadeloupe, Martinique, Mayotte, Réunion, Saint Barthélemy, and Saint Martin). These jurisdictions are part of France and thus have the same legislation and legal forms.
Related Links
- ELF Code List, Version 1.2 (PDF)
- Changes in ELF Version 1.2 (XLSX)
- Overview of ELF Code List
- Regulatory Use of LEI
Keywords: International, Banking, Insurance, Securities, Regulatory Activities, Reporting, ELF Code List, ISO Standard 20275, Global LEI Index, LEI, GLEIF
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
APRA Updates Lists of Validation and Derivation Rules in June 2020Related Articles
EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
EBA Publishes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
EIOPA Examines Physical Climate Risk Exposure, SII Non-Compliance
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
NGFS Report Explores Quantification of Climate Risk Differentials
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
EC Publishes Results on Review of Web Accessibility Directive
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
MAS Consults on Adjustment Spreads for Conversion of SOR Contracts
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
EBA Proposes Standards to Support Secondary NPL Markets
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
EBA Issues Standards for Crowdfunding Service Providers Under ECSPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
