ISO 20275:2017 金融サービス—エンティティ法的フォーム（ELF） | ページ 2

Foreword

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This document was prepared by Technical Committee ISO/TC 68, Financial services.

Introduction

Understanding the legal form of an entity is an important component of financial services transactions. Entering into a business relationship requires distinguishing the type of entity that is being transacted with. Parties (and their organizational structure) involved in financial transactions need to be identified within these transactions. This is achieved while the support for straight through processing (STP) is still maintained. Standardization of the legal or organizational construct will aid flexibility and provide greater understanding of exposure to risk and access to capital.

Regulators and market participants have recognized the need to identify entity legal forms, both nationally and consistently across the global markets and have asked for a standard to be developed to meet this need.

This document fulfils the need for the identification of entity legal forms in a structured way in order, among other things, for entities to be classified according to the nature of their legal constitution. Its key provisions are that it:

• enables unique identification globally of entity legal forms;
• defines an ELF scheme that is reliable and an ELF Code that is persistent;
• defines an ELF code that contains no embedded intelligence regarding the identification of the entity legal form to which it applies;
• leverages the expertise of ISO/TC 68 in defining and maintaining identifier standards;
• defines an ELF scheme that is extensible and free from limitation on use and redistribution.

1 Scope

This document specifies the elements of an unambiguous scheme to identify the distinct entity legal forms in a jurisdiction. Its aim is to enable legal forms within jurisdictions to be codified and thus facilitate the classification of legal entities according to their legal form.

It is not the purpose of the document to give the comparison or alignment of entity legal forms across different jurisdictions, so as not to limit its usage and relevance.

2 Normative references

The following documents are referred to in the text in such a way that some or all of their content constitutes requirements of this document. For dated references, only the edition cited applies. For undated references, the latest edition of the referenced document (including any amendments) applies.

3 Terms and definitions

For the purposes of this document, the following terms and definitions apply.

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