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
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