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Continuous Validation and Validate Now Survey

Shaping the Next Evolution of Trusted LEI Data

As part of the evolution of the Global LEI System, we are exploring two potential new LEI data services designed to deliver greater value to data users and market participants: Continuous Validation of LEI reference data and Validate Now.

These initiatives aim to further enhance the timeliness, transparency, and reliability of LEI data through closer alignment with authoritative sources, such as business registries.

Continuous Validation would support more regular and systematic checks and updates of LEI reference data beyond the standard annual renewal cycle, helping ensure that LEI records remain current over time while reducing manual validation efforts.

Validate Now would provide an on-demand validation service that could be initiated by a third party or data user to confirm the freshness of a specific LEI record or identify potential discrepancies when immediate assurance is needed for onboarding, compliance, risk management, or other business processes.

Together, these initiatives represent a potential next step in the evolution of the Global LEI System toward a more dynamic, responsive, and trusted global data infrastructure. While both initiatives support the shared objective of maintaining accurate and up-to-date LEI records, they are intended to address different user needs through ongoing validation capabilities and targeted, point-in-time assurance.

We highly value your input and perspective as we assess these concepts. Your feedback will help us better understand market needs, evaluate potential use cases, and ensure that any future services align with practical, real-world industry requirements.
Part 1: Continuous Validation

This section focuses on Continuous Validation, a potential new approach to support more regular checks and updates of LEI reference data against authoritative sources, such as business registries, beyond the standard annual renewal cycle. The following questions will help us understand where more frequently validated LEI data could create the most value for your organization and how such a service could best meet your needs.
1.Which Continuous Validation use case would be most relevant to your organization?
2.How important is it for your organization that LEI reference data is continuously up to date?
Not important
Slightly important
Moderately important
Very important
Critical
3.What are the main risks your organization associates with LEI data that has not been revalidated within the past year - i.e., in breach of the regulatory requirement for annual validation? (Select all that apply)
4.How do you currently consume/ utilize LEI data?
5.How would you prefer such a service to be delivered to you?
6.What level of validation frequency would meet your needs?
7.Would your organization be willing to pay for LEI reference data that is validated more frequently than on an annual basis through a Continuous Validation service?
8.Which entity types are you interested in (you may give more than 1 answer)?
9.Are there specific jurisdictions where the introduction of continuous validation will be particularly important?
Part 2: Validate Now

This section focuses on Validate Now, a potential on-demand service that would allow a third party or data user to request validation of a specific LEI record when immediate assurance is needed for onboarding, compliance, risk management, or other business processes.

The following questions will help us understand where on-demand validation could create the most value, in which situations it would be most relevant, and how such a service could best meet your needs.
10.What are the biggest challenges you currently face regarding data validation or data freshness?
11.What would you expect a “Validate Now” service to provide in your business context?
12.What turnaround time would you expect for validation results?
13.In which of your processes would such a service be most useful?
14.Which type of LEI data would you be interested in validating?
15.If available, how frequently would you expect to use such a service?
16.What type of results would you expect from the service?
17.How likely would your organization be to pay for a service of this kind?
Very likely
Likely
Unsure
Unlikely
Very unlikely
18.Which pricing model would your organization prefer for such a service?
19.What would your organization consider a reasonable price per LEI full validation?
Part 3: Survey Respondent Profiling
20.What type of organization do you represent?
21.What is your primary function within your organization?
22.What is your role level within your organization?
23.Which of the following best describes the role of your organization in relation to LEI?
24.Are you involved in decisions related to LEI renewal, management, or payment?
25.May we contact you to discuss your responses in more detail?