LEI Regulatory Oversight Committee Launch a Public Consultation on Funds Relationships in the Global LEI System
Building on work carried out earlier in the year in which “who owns whom” information (child to parent relationship links) started to be collected, the GLEIF’s oversight Board, the ROC, now seeks to incorporate more complex relationship data within the Funds Management industry. The main aim of the report is to move beyond reporting singular ‘fund family’ references with more specific relationship data regarding the types of relationships entities possess. Investment Fund managers might not control a specific fund in the legal sense, but their activities are vital to the operations of those collective investments, so it makes sense to be able to collect that type of information on top of the legal ownership relationships that exist between different entities.
Comments on the suggested changes are welcomed and can be submitted until November 26, 2017.
The consultation document is here.
