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openownership / data-standard

The Beneficial Ownership Data Standard (BODS) is an open standard providing a specification for modelling and publishing information on the beneficial ownership and control of corporate vehicles
http://standard.openownership.org
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Explore how BODS relate to 2nd level LEI data? #55

Open anderspeders opened 6 years ago

anderspeders commented 6 years ago

LEI is rolling out an extension or expansion of the standard which will enable companies to add information on one level up and one level down.

It would be interesting to consider or explore the community if a code list or a cross walk would add value?

Below from the LEI website:

"In May 2017, the process of enhancing the LEI data pool, by including ‘Level 2’ data to answer the question of ‘who owns whom’, began. This data allows the identification of the direct and ultimate parents of a legal entity and, vice versa, in order that the entities owned by individual companies can be researched.

The collection and validation of Level 2 data by the LEI issuing organizations for LEIs that existed prior to May 2017 takes place with the annual renewal of the LEI. Renewal means that the reference data connected to an LEI is re-validated annually by the managing LEI issuer against a third party source. It is expected that Level 2 data for the complete LEI population will be available in the course of the first half of 2018, i.e. towards the end of the one-year renewal cycle after the date when collection of Level 2 data started."

https://www.gleif.org/en/lei-data/access-and-use-lei-data/level-2-data-who-owns-whom

ScatteredInk commented 6 years ago

Thanks @anderspeders, this is really exciting.

I think in schema terms, we can represent LEIs as an additional identifier with GLEI as the scheme. In practical terms, that means making sure that LEI is listed on org-id.guide - so I can pick that up.

It would be particularly useful to think about a cross-walk between the GLEIF's list of registration authorities and the codes used in BODS/org-id, as this will be a prerequisite of turning the Level 2 data in BODS data.

CountCulture commented 6 years ago

Just to note that the LEI level 2 data is for the moment accounting consolidation data, and will not be beneficial ownership data. I'm not sure it's different in modelling than any other relationship data

OpenCorporates :: The Open Database of the Corporate World https://opencorporates.com http://opencorporates.com Blog: http://blog.opencorporates.com Twitter: http://twitter.com/OpenCorporates

OpenCorporates is published by Chrinon Ltd, a company dedicated to improving and publishing public data under an open licence that allows and encourages reuse, including commercially. Registered in England, number 07444723.

On 8 March 2018 at 13:03, Jack Lord notifications@github.com wrote:

Thanks @anderspeders https://github.com/anderspeders, this is really exciting.

I think in schema terms, we can represent LEIs as an additional identifier with GLEI as the scheme. In practical terms, that means making sure that LEI is listed on org-id.guide - so I can pick that up.

It would be particularly useful to think about a cross-walk between the GLEIF's list of registration authorities https://www.gleif.org/en/about-lei/gleif-registration-authorities-list and the codes used in BODS/org-id, as this will be a prerequisite of turning the Level 2 data in BODS data.

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ScatteredInk commented 6 years ago

Thanks @CountCulture, that's a useful clarification - and, yes, I don't see this as having big modelling impacts, it would be more about tooling/infrastructure to support use I think.

@anderspeders Is the accounting consolidation concept something that would be useful in the kinds of low-information corporate-mapping use-cases, you have been thinking about? (There's a useful background paper here.)

timgdavies commented 4 years ago

We are not currently doing any further work on this. Closing issue for now. Can be re-opened if there is concrete proposal for activity related to the standard.

StephenAbbott commented 1 year ago

Today Open Ownership has announced work to map data from the Global Legal Entity Identifier Foundation (GLEIF) to the Beneficial Ownership Data Standard: https://www.openownership.org/en/blog/mapping-global-legal-entity-identifier-foundation-data-to-the-beneficial-ownership-data-standard/

The dataset can be found at https://bods-data.openownership.org/source/gleif and the code is located at https://github.com/openownership/bods-gleif-pipeline

StephenAbbott commented 2 months ago

On 27 September 2023, Open Ownership announced a partnership with GLEIF to insert Legal Entity Identifiers (LEIs) for more than 160,000 companies into BODS datasets republished by Open Ownership, enabling greater connectivity between international beneficial ownership and corporate ownership datasets: https://www.openownership.org/en/news/open-ownership-adds-legal-entity-identifiers-to-its-datasets-partners-with-gleif/

The technical documentation about the Open Ownership Register ID-to-LEI relationship mapping is published on the GLEIF website at https://www.gleif.org/en/lei-data/lei-mapping/download-oc-to-lei-relationship-files/open-ownership-register-id-to-lei-relationship