GLEIF on preparing for new data formats
It’s not too early to get ready for 2022! The Global Legal Entity Identifier Foundation (GLEIF) has put together resources on how to prepare for the implementation of three new Regulatory Oversight Committee (ROC) policies in March next year. Aiming to further improve the quality of data available to users, these provide information on Legal Entity Events (events that alter an entity or its relationship data, or result in the retirement and/or creation of LEIs), Fund Relationships (introducing three new relationship types that can be collected for funds) and General Government Entities (allowing certain legal entities to be classified as Government Entities or International Organizations).
From 1 March 2022, all GLEIF services will accept and display data in new Common Data File (CDF) formats in line with the new policies. The month of March will be used as a transition period, during which all LEI issuing organisations will migrate to the new formats and perform testing to ensure smooth operations. Public users of the Global LEI System will therefore need to be able to process data in the new formats from 1 March, and to support both old and new formats when performing LEI data analysis during the month. GLEIF has detailed reference information available on how users should prepare.
Read more here.