In accordance with the principles of the Global LEI System (GLEIS), the parties involved in a financial transaction should be clearly and unequivocally identifiable. The requirements stipulated by ISO standard 17442 alone are not sufficient in this context.
To raise the level of data quality and to be able to effectively use the data collected worldwide, all Local Operation Units (LOUs) have been required to publish their data in a uniform format (LEI Common File Format).
Geiportal.org will implement the new LEI Common File Format by August 19, 2014. In addition, XML data file downloads will continue to be available until the end of the year.