The Global Legal Entity Identifier Foundation (GLEIF) published the monthly global LEI data quality report, which analyzes the overall data quality in the Global LEI System. In addition, GLEIF published information with respect to the upcoming versions of the Common Data File (CDF) formats, which define how LEI issuing organizations report their LEI and reference data. Earlier, GLEIF had published the LEI-CDF format version 3.1 and the Relationship Record-CDF format version 2.1 in May 2021 and the Reporting Exceptions format version 2.1 in September 2021. These updates intended to implement the new Regulatory Oversight Committee (ROC) policies.
GLEIF also published the document "State Transition and Validation Rules for the Common Data File Formats," which describes business rules for the issuance, updating, management, and publication of LEI data according to the LEI-CDF formats. GLEIF provided example files (XML, JSON, and CSV) and an example GLEIF API response, which allow consumers to test the processing of LEI Data in the new formats prior to their actual implementation. The example files relate to the GLEIF Concatenated Files as well as the GLEIF Golden Copy and Delta Files. Data consumers can make their updates to the new format versions in advance of March 01, 2022 as files in the older formats are compatible with the new ones. To support data consumers that are unable to update their data processing by March 01, 2022, GLEIF provides “Extensible Stylesheet Language Transformations” (XSLT) that allow such data consumers to transform the newer versions, from a technical format perspective, into the previous versions (LEI-CDF version 2.1, RR-CDF version 1.1, and Reporting Exceptions format version 1.1). GLEIF also provided a guiding document for the transition period from March 01 to March 31, 2022.
Keywords: International, Banking, Insurance, Securities, ROC Policies, Reporting, Regulatory Oversight Committee, Data Collection, LEI, Common Data File, Data Quality Report, GLEIF
ESG and climate expert for P&C insurance; IFRS 17 specialist and chartered accountant; extensive experience in both life and non-life insurance, with focus on capital management, financial performance, and financial reporting.
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