The Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) has published a consultation paper on its proposed approach to incorporating data on branches into the Global LEI System (GLEIS).
In the consultation paper, the LEI ROC proposes a policy standard for the GLEIS that would allow 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.
The deadline for comments to the consultation paper is 16 November 2015.
View Consultation document on including data on branches in the Global LEI System, 19 October 2015