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LEIs: GLEIF publishes Entity Legal Forms Code List

The Global Legal Entity Identifier Foundation (GLEIF) has published its first Entity Legal Forms (ELF) Code List, showing more than 1,600 entity legal forms across over 50 jurisdictions. These form the basis of the unique Legal Identity Identifier (LEI), required from 3 January 2018 for any firm subject to MiFID II transaction reporting obligations – otherwise they will not be able to execute a trade on behalf of a client eligible for a LEI and does not have one.