New LEI Taxonomy
The XBRL Best Practices Board has approved the publication of an updated version of the Legal Entity Identifier (LEI) taxonomy. This taxonomy, developed by the LEI in XBRL Working Group seeks to standardise the ways in which LEIs are used in XBRL Reports.
LEIs provide globally unique identifiers for companies and other entities, and standardising the mechanism for using them in XBRL Reports improves the consistency and comparability of data, and paves the way for better understanding of the relationships between entities. LEIs are governed by the independent not for profit Global Legal Entity Identifier Foundation.
The latest taxonomy release is at Candidate Recommendation status. The taxonomy is available from the XBRL International Taxonomy Registry, and the working group is actively seeking feedback on this near-final draft.