The Global Financial Management Association (GFMA), a federation of global financial services trade associations, has recommended the ISO 17442 standard for the Legal Entity Identifier (LEI).
A draft of ISO 17442 is expected to be published as an ISO International Standard by January 2012. The standard is being developed by ISO technical committee ISO/TC 68, Financial services and is currently in the Draft International Standard stage.
GFMA asserts that ISO 17442 is a basis for a viable, uniform
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