The Regulatory Oversight Committee (ROC) of the Legal Entity Identifier (LEI) is calling for final comments on a second consultation document on fund relationships in the Global LEI System (GLEIS) by Monday January 14, 2019. The consultation follows an initial review of fund relationships towards the end of 2017 and is aimed at making sure the implementation of relationship data is consistent across the GLEIS and facilitating standardised collection of fund relationship information at a global level.
The issue of how fund relationships should be represented in the GLEIS has been an ongoing issue since the introduction of the LEI over five years ago. The second consultation document
details proposals for a limited update to the way fund relationships are recorded in the GLEIS and suggests the aims of consistent relationship data across the GLEIS and standardised collection of fund relationship data can be achieved by providing a definition for each fund relationship and better aligning the data structure with the structure for direct and ultimate accounting parent entities defined in a ROC report published in March 2016.
Responses to a questionnaire annexed to the second consultation document must be made by January 14, 2019 and will inform the final version of the policy framework for fund relationships that the ROC will approve for implementation by the Global LEI Foundation (GLEIF). Implementation will not take place before January 2020.