The Financial Stability Board has issued the third in a series of notes on the implementation of the legal entity identifier (LEI) initiative.

This progress report provides updates in the following areas: (i) Charter for the Regulatory Oversight Committee, (ii) Location and legal form of the global LEI foundation, (iii) Board of directors of the LEI foundation; (iv) Operational solutions demonstration day; (v) Business processes and use cases; (vi) Number allocation scheme for the global LEI system and (vii) Ownership and hierarchy data.