Global legal entity ID body backed by Carney's FSB and top national institutions
The new body charged with managing the global roll-out of a
crucial ID number required by firms to comply with their G20
trade reporting obligations has set its fees, in the latest
sign the new entity is rising to the challenge.
The Global Legal Entity Identifier Foundation (Gleif), which
is backed by global regulator the Financial Services Board,
agreed at its inaugural meeting that it will charge firms for
each Legal Entity Identifier (LEI) a flat fee of $20 and
suggest another discretionary $10 to be held as credit.
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