Learning about your own background — the good, the bad, and the ugly — can be interesting. But for investors and for companies doing business with other corporate partners, understanding the “ancestry” of the companies in which they invest or do business, can be critical.
Items tagged with "legal entity identifier"
Michelle Savage, Vice President, Communication, XBRL US
Investors and companies doing business with other corporate partners must understanding the “ancestry” of the companies in which they invest or do business to gauge potential risks. That’s why Legal Entity Identifiers are gaining traction around the world.
On December 20, 2017, XBRL US submitted a comment letter in response to the Securities and Exchange Commission proposal FAST Act Modernization and Simplification of Regulation S-K. Key recommendations made in the letter include: Require the use of the LEI for those registrants that currently maintain an LEI. Require the LEI to be tagged using Inline […more]