The Global Financial Markets Association today released the following statement today upon news that the International Organization for Standardization (ISO) endorsed the industry’s recommendation for new ISO standard “ISO 17442” to be used as the standard for a global legal entity identifier (LEI) solution.
“The LEI Trade Associations group in coordination with the Global Financial Markets Association, is very pleased that the draft ISO 17442 Legal Entity Identifier (LEI) standard received unanimous support from the ISO Member Bodies. This affirmation is a critical step forward in implementing the global LEI solution. ISO/TC68 will address comments received in the balloting process and will provide guidance on an expected final implementation date in January. The Trade Association group looks forward to the forthcoming guidance and the issuance of the final standard. The Trade Association Group plans to continue to partner with ISO and others to address all implementation questions as quickly as possible to facilitate the final publication of the ISO LEI standard as well as to operationalize the LEI utility.”
