LEIROC has launched a consultation on incorporating data on branches into the Global Legal Entity Identifier System (GLEIS). LEIROC proposes a policy standard for the GLEIS that would allow Legal Entity Identifiers (LEIs) to be issued to branches under the following conditions:
- the branch is an international branch;
- the branch is registered in a publicly accessible local business registry or local regulatory register in its host country; and
- the head office (or headquarters) of the branch already has an LEI so that the LEI of the headquarter entity could always be associated with the LEI of the international branch in the GLEIS.
Consultation closes on 16 November. (Source: LEIROC Consults on Data in the GLEIS)