Getting to Grips with the Details of LEI Standardization

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As soon as it emerged that regulators would allow more than one pre-local operating unit (pre-LOU) to issue pre-legal entity identifiers (pre-LEIs) before detailed standards or a coordinating authority had been established, it was obvious industry participants would face challenges when using the identifier, says Ken Traub, Boston-based standards strategy consultant at GS1. This has proved to be true.

Seven pre-LOUs (and counting) are now issuing pre-LEIs in accordance with ISO 17442. However, t