Legal Entity Identifier (LEI)
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      3. Legal Entity Identifier (LEI)

      Does KOR Validate LEIs?

      Yes

      Per the KOR SDR Technical Specification, KOR SDR shall not accept messages that do not contain LEIs published by GLEIF. The exception being fields which allow Natural Person Identifiers or Privacy Law identifiers. If an LEI is published under a Local Operating Unit, but is not on GLEIF, it will not be accepted. 

      Invalid LEIs should not be reported, meaning KOR will only accept LEIs registered in GLEIF with the following Registration statuses:

      • If the Trade is Open: "Issued", "Lapsed", "Pending transfer" or "Pending archival"

      • If the Trade is “Closed”:  "Issued", "Lapsed", "Pending transfer" "Pending archival" or "Retired"