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ARTICLE · 10 NOVEMBER 2015

Regulatory Oversight Committee Proposals To Include Branch Data Into The Global Legal Entity Identifier System

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On October 19, 2015, the Regulatory Oversight Committee launched a consultation on its proposed approach to incorporating data on branches into the Global Legal Entity Identifier System, known as GLEIS.

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On October 19, 2015, the Regulatory Oversight Committee launched a consultation on its proposed approach to incorporating data on branches into the Global Legal Entity Identifier System, known as GLEIS. The ROC is proposing that only branches that meet the following conditions would be eligible for a LEI: (i) the branch is an international branch; (ii) the branch is registered in a publicly accessible local business registry or local regulatory registry in its host country; and (iii) the head office of the branch already has a LEI so that the two entities could be linked through their respective LEIs. Responses to the consultation are due by November 16, 2015.

The consultation paper is available at: http://www.leiroc.org/publications/gls/lou_20151019-1.pdf.

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