Legal advice on matters regarding Switzerland as the potential domicile for the Global Legal Entity Identifier (LEI) Foundation (or similar entity)
The FSB Secretariat has issued a request for information from legal professionals, and experts in Swiss law, to provide a legal opinion on a number of questions regarding Switzerland as the domicile for the Global LEI Foundation (or similar entity such as an Association) operating the Central Operating Unit of the Global LEI System. Under the supervision of the ROC, the Global LEI Foundation (or Association) operating the COU will constitute the pivotal operational arm of the LEI system. It will have responsibility for ensuring the application of uniform operational standards and protocols around the world and support the maintenance of a 'logically' centralised database of identifiers and corresponding reference data. The Global LEI Foundation operating the COU is anticipated to be the contracting and operational body of the system. It will be composed of private sector participants from different sectors and geographical locations and will have legal personality.