How will the Global Legal Entity Identifier System (GLEIS) work?

The Financial Stability Board (FSB) initially recommended a three-tier operational structure for the Legal Entity Identifier (LEI) system consisting of a Regulatory Oversight Committee (ROC), a Central Operating Unit (COU) and mulitple Local Operating Units (LOUs). The COU has subseqently been replaced by the Global Legal Entity Identifier Foundation (GLEIF) whose purpose is to act as the operational arm of a global Legal Entity Identifier System (GLEIS).

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"LOUs will offer facilities such as local registration, validation, and maintenance of reference data; protection of information that must be stored locally; and will facilitate the use of local languages and organisation types".

FSB. A Global Legal Entity Identifier for Financial Markets. 08/06/2012.

At present a number of Pre-LOUs have been endorsed by the ROC to assign Pre-LOU prefixes, a subset of these are operational. Whilst the Global Legal Entity Identifier System (GLEIS) is being established, these Pre-LOUs will allocate interim identifiers that comply with the principles of the Legal Entity Identifier (LEI) framework. To avoid duplication each Local Operating Unit (LOU) will need to verify that a legal entity has not been previously registered for a Legal Entity Identifier (LEI) with another Local Operating Unit (LOU), although the onus will be on the legal entity to certify any entries. For the Local Operating Units (LOUs), de-duplication will be challenging due to cross-border data sharing issues. For example, in Switzerland the term "personal data" under the Swiss data protection act can mean data pertaining to legal entities and not just the individual. Representatives from each of the pre-LOU will meet fortnightly to improve communication and coordination within the group.

When registering for a Legal Entity Identifier (LEI), a participant needs to remember some Local Operating Units (LOUs) restrict entrance, for example, the French LOU (INSEE) is restricted to companies which are governed by French law.


Click on markers to find out about the pre-LOUs:



Date of endorsement Date of issuance Country Local Operating Unit (LEI Issuer) Prefix LOU website
03-Oct-13 08-Nov-12 Netherlands GMEI (previously known as CICI utility) 5493 go to website
03-Oct-13 20-Nov-12 Germany WM Datenservice 5299 go to website
03-Oct-13 18-Mar-13 France Institut National de la et des Etudes Economiques 9695 go to website
11-Nov-13 11-Jan-13 Turkey Takasbank 7890 go to website
11-Nov-13 06-Jun-13 UK London Stock Exchange 2138 go to website
07-Dec-13 20-Dec-12 Ireland Irish Stock Exchange 6354 go to website
27-Dec-13 01-Mar-13 Russia Russia National Settlement Depository (NSD) 2534 go to website
27-Dec-13 19-Aug-13 Poland Poland Krajowy Depozyt Papierów Wartosciowych S.A. (KDPW) 2594 go to website
07-Jan-14 14-Jun-13 Netherlands Dutch Chamber of Commerce (KvK) 7245 go to website
07-Jan-14 08-Oct-13 Finland National Board of Patents and Registration (PRH) 7437 go to website
06-Feb-14 27-Nov-13 Czech Republic Centrální Depozitář Cenných Papírů, A.S. 3157 go to website
07-Feb-14 23-Aug-13 Italy Unione Italiana per le Camere di Commercio, Industria, Artigianato e Agricoltura 8156 go to website
05-Mar-14 23–Nov-13 Spain Registro Mercantil del Reino de España 9598 go to website
21-May-14 09-Nov-13 Germany Bundesanzeiger Verlag GmbH 3912 go to website
21-May-14 18-Feb-14 Slovakia Centrálny Depozitár Cenných Papierov SR, AS 0979 go to website
06-Jun-14 26-Jan-14 Norway Brønnøysund Register Centre 5967 no longer operational
22-Jul-14 14-Apr-14 Japan Japan Exchange Group/Tokyo Stock Exchange 3538 go to website
10-Aug-14 16-May-14 Nigeria Central Securities Clearing System PLC of Nigeria 0292 go to website
26-Aug-14 14-Apr-14 Luxembourg LuxCSD 2221 go to website
09-Oct-14 12-May-14 Korea Korea Securities Depository 9884 go to website
20-Oct-14 12-Aug-13 China China Financial Standardization Technical Committee 3003 go to website
28-Jan-15 14-Aug-13 Argentina Central Bank of Argentina 5791 go to website
05-Mar-15 08-Sep-14 Mauritius Central Depository & Settlement Co Ltd (CDS), Mauritius 1325 no longer operational
22-Apr-15 08-Jan-14 India Legal Entity Identifier India Limited (LEIL) 3358 go to website
22-Apr-15 22-Apr-14 Croatia Zagreb Stock Exchange (ZSE) 7478 go to website
20-Jul-15 10-Feb-14 Saudi Arabia Saudi Credit Bureau 5586 go to website
03-Sep-15 28-May-14 Australia APIR Systems Limited 2617 now a Registration Agent no longer a LOU
18-Dec-15 12-Mar-14 South Africa Strate (Pty) Limited 3789 go to website
20-Jan-16 20-Jan-16 Slovenia Centralna klirinško depotna družba d.d.- KDD 4851 go to website
10–Feb-16 14-Apr-14 Portugal Instito de Registos e Notariado – IRN 5798 not yet accredited
20-Dec-12 Palestine Palestine Securities Exchange 1392 not yet accredited
04-Aug-14 Canada CDS Clearing and Depository Services Inc 9278 not yet accredited
21-Dec-16 Mexico Asociación Mexicana de Estándares para el Comercio Electrónico AC 4469 go to website
22-Feb-17 Germany GS1 Germany GmbH (GS1 Germany) 4469 go to website
13-Apr-17 USA Bloomberg Finance LP. 5493 go to website
26-Sep-17 Germany EQS Group AG 5529 go to website
06-Dec-17 Switzerland Federal Statistical Office 5067 go to website

Last Update: 14 December 2017



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