Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the LegalEntityID proposal. The Legal Entity Identifier (LEI) originated as an initiative under the USA Dodd-Frank legislation to create an identifier for legal entities. The LEI is to be used to identify legal entities across financial products and services in order correlate financial information for the purposes of analyzing systemic risk. The LEI has undergone a significant global development effort since its inception. A new ISO standard, ISO 17442 Legal Entity Identifier was recently approved. Globally the LEI will be managed by the Financial Stability Board of the G20 countries.
This proposal requests the addition of a PartyIDSource(447) for the Legal Entity Identifier (ISO 17442). All FIX messages that contain the Parties component will be able to contain the Legal Entity Identifier and identify ISO 17442 as the source of the identifier.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal can be found at:
The public comment period ends on July 13, 2012.