Basel - The Global Legal Entity Identifier Foundation (GLEIF) has announced the launch of its new data challenge facility, extending the ability to trigger updates of Legal Entity Identifier (LEI) data to all interested parties.
The data challenge facility offers all LEI data users a means to trigger the verification and, where required, update of LEI records including related reference data. The aim is to ensure that the publicly available LEI data pool provides standardized information on legal entities worldwide.
Once a challenge has been logged using the online form available on the GLEIF website, GLEIF will convey the information to the relevant LEI issuing organization. Should the correctness of an LEI data record be called into question through the GLEIF challenge facility, the relevant LEI issuer is responsible for resolving the matter with the impacted legal entity.
The aim is to resolve a challenge within ten business days.