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
APRA Penalizes Heritage Bank for Incorrect Reporting of Capital
The Australian Prudential Regulation Authority (APRA) found that Heritage Bank Limited had incorrectly reported capital because of weaknesses in operational risk and compliance frameworks, although the bank did not breach minimum prudential capital ratios at any point and remains well-capitalized.
OSFI Releases Annual Report 2021-2022
The Office of the Superintendent of Financial Institutions (OSFI) released the annual report for 2020-2021.
APRA Finalizes Capital Adequacy Standards for Banks
The Australian Prudential Regulation Authority (APRA) published, along with a summary of its response to the consultation feedback, an information paper that summarizes the finalized capital framework that is in line with the internationally agreed Basel III requirements for banks.
CPMI-IOSCO Seek Comments on Access to Central Clearing and Portability
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued a consultative report focusing on access to central counterparty (CCP) clearing and client-position portability.
APRA Finalizes Guidance on Management of Climate Change Risks
The Australian Prudential Regulation Authority (APRA) released the final Prudential Practice Guide on management of climate change financial risks (CPG 229) for banks, insurers, and superannuation trustees.
EBA Publishes Single Rulebook Q&A Updates in November 2021
The European Banking Authority (EBA) Single Rulebook Question and Answer (Q&A) tool updates for this month include answers to 10 questions.
EC Finalizes Rules on Internal Approaches Benchmarking Exercise
The European Commission, or EC, finalized the Implementing Regulation 2021/2017 with respect to the benchmark portfolios, reporting templates, and reporting instructions for the supervisory benchmarking of internal approaches for calculating own funds requirements.
EC Proposes New Measures Under Capital Markets Union Package
The European Commission (EC) has adopted a package of measures related to the Capital Markets Union.
European Council Adopts Position on Digital Finance Package Proposals
The European Council adopted its position on two proposals that are part of the digital finance package adopted by the European Commission in September 2020, with one of the proposals involving the regulation on markets in crypto-assets (MiCA) and the other involving the Digital Operational Resilience Act (DORA).
PRA Proposes Rulebook Changes; BoE Extends BEEDS Testing Window
The Prudential Regulation Authority (PRA) is proposing, via the consultation paper CP21/21, to apply group provisions in the Operational Resilience Part of the PRA Rulebook (relevant for the Capital Requirements Regulation or CRR firms) to holding companies.
