Archived

This repository has been archived on 2026-07-08. You can view files and clone it. You cannot open issues or pull requests or push a commit.

Files

tegwick 08361f6fb7 Settle commercial identity nuances with consolidated enums and linking rules

Add commercial-identity-nuance-settlement.md resolving control_basis,
binding_trigger, cross-registry Synonymity strengths, OPI branch modeling,
escrow commitment type, reputation portability, payment edge cases, CRM renewal
rules, Person Account adapters, and eIDAS wallet scope. Update canon, OpenQuestions,
and all commercial-identity source notes.

2026-06-21 23:21:21 +02:00

3.9 KiB

Raw Blame History

LEI and GLEIF Legal Entity Identifier

Source Type

Standard and registry. ISO 17442 Legal Entity Identifier; GLEIF global LEI index.

Domain

Regulated financial markets, legal entity identification, and ownership transparency.

Why This Source Matters

LEI is the post-2008-crisis global standard for identifying legal entities in financial transactions. It encodes who and who owns whom, making it a canonical example of commercially binding identity with regulatory renewal requirements.

Key Concepts

LEI: 20-character ISO 17442 identifier for a legal entity.
Legal entity (LEI scope): organization participating in financial transactions; individuals cannot obtain LEI.
GLEIF: Global Legal Entity Identifier Foundation; oversees LOUs and data quality.
LOU (Local Operating Unit): issuer/registrar for LEIs in a jurisdiction.
Level 1 data: business card data — legal name, address, jurisdiction.
Level 2 data: ownership — direct and ultimate parent relationships.
Renewal: LEI valid one year; annual renewal required for continued use.
Regulatory mandate: 45+ jurisdictions require LEI for certain financial reporting.

Relevant Terminology

Term	Source meaning
LEI	Legal Entity Identifier code.
Legal entity	Juridical person in financial markets.
Level 1	Entity reference data.
Level 2	Parent/ownership reference data.
GLEIF	Global LEI system operator.
LOU	Local issuing organization.
Renewal	Annual reaffirmation of LEI validity.
Regulator reporting	MiFIR, derivatives reporting, etc.

Modeling Assumptions

LEI identifies legal entities only, not natural persons or login accounts.
Ownership is first-class in LEI Level 2 (parent chains).
Identity persistence is maintained by renewal, not immutability of business facts.
Public global directory enables counterparty verification.
LEI does not prove good behavior; it proves identifiable legal presence.
One LEI per legal entity for global financial identification.

Identity-Canon Implications

LEI maps to Registry Identifier (scheme: 0199, authority_class: regulatory_global, renewal_required: true) for Legal Entity / Organization actors.
Level 2 parent data maps to Ownership or structural Organization relationships.
LEI record maps to Commercial Record or authoritative Identity Record with registry Evidence Source.
Renewal maps to Lifecycle State on Identifier/Commercial Record.
LEI exemplifies commercial binding: regulatory participation requires stable, renewed legal identity.
Distinct from DUNS (credit/commerce) and from OIDC sub (authentication).

Terminology Conflicts

Legal entity (LEI) vs. Legal Entity (canon): aligned when jurisdictionally recognized.
Legal entity vs. Organization: not every organization has LEI; LEI subset is regulated finance participants.
LEI vs. company registration number: national registry ID vs. global LEI.

Candidate Canonical Mappings

LEI concept	Candidate canonical concept
LEI code	Registry Identifier (regulatory_global, ICD 0199)
Legal entity	Legal Entity / Organization
Level 1 data	Commercial Record / registry Profile
Level 2 parent	Ownership Relationship
GLEIF registry	Evidence Source (authoritative)
Annual renewal	Lifecycle State maintenance
LOU issuance	Issuer Scope + Trust Relationship

Open Questions

(none — settled in commercial-identity-nuance-settlement.md)

Settled

Registry Identifier subtype; LEI↔company reg strong; LEI↔DUNS medium.

References

ISO 17442 — https://www.iso.org/standard/78829.html
GLEIF, Introducing the LEI — https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei
Wikipedia, Legal Entity Identifier — https://en.wikipedia.org/wiki/Legal_Entity_Identifier

3.9 KiB Raw Blame History