LEI Exception Reasons

Exception Reasons

Definition

Natural Persons

There is no parent entity as the entity is controlled by natural person(s)

No Known Person

There is no parent entity as no known person is controlling the entity e.g. joint venture, diversified shareholding

Non-Consolidating

There is no parent entity as the entity is controlled by an entity subject to preparing consolidated financial statements

Legal Obstacles

Obstacles in the laws or regulations of a jurisdiction prevent providing or publishing this information

Consent not obtained

The consent of the parent was necessary under the applicable legal framework and the parent did not consent or could not be contacted

Binding Legal Commitments

Binding legal commitments (other than the laws or regulations of a jurisdiction), such as articles governing the legal entity or a contract, prevent providing or publishing this information

Detriment Not Excluded

The child entity has sought to consult the parent entity about the reporting of the parent information to the GLEIS but could not confirm the absence of detriment in a way that can appropriately prevent liability risks for the child entity (or those acting on its behalf) under the applicable legal framework. The disclosure of this information would be detrimental to the legal entity or the relevant parent

Disclosure Detrimental

The disclosure of this information would be detrimental to the legal entity or the relevant parent. This will include reasons generally accepted by public authorities in similar circumstances, based on a declaration by the entity