ISO 17442-3:2024
(Main)Financial services — Legal entity identifier (LEI) — Part 3: Verifiable LEIs (vLEIs)
Financial services — Legal entity identifier (LEI) — Part 3: Verifiable LEIs (vLEIs)
This document specifies the use of the legal entity identifier (LEI) code, represented in ISO 17442-1, in authentic chained data container (ACDC) credentials.
Services financiers — Schéma d'identifiant d'entité légale (IEL) — Partie 3: Titre manque
General Information
Standards Content (Sample)
International
Standard
ISO 17442-3
First edition
Financial services — Legal entity
2024-10
identifier (LEI) —
Part 3:
Verifiable LEIs (vLEIs)
Reference number
© ISO 2024
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ii
Contents Page
Foreword .iv
Introduction .v
1 Scope . 1
2 Normative references . 1
3 Terms and definitions . 1
4 Governance of the vLEI ecosystem and infrastructure . 2
5 vLEI credentials . 2
6 Other features of vLEI credentials . 3
Bibliography . 4
iii
Foreword
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This document was prepared by Technical Committee ISO/TC 68, Financial services, Subcommittee SC 8,
Reference data for financial services.
A list of all parts in the ISO 17442 series can be found on the ISO website.
Any feedback or questions on this document should be directed to the user's national standards body. A
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iv
Introduction
The industry has considered issues with current digital identity tools and solutions and has devised a new
approach to digital identity management. Thanks to advances in distributed ledger/blockchain technology,
digital identity management with the additional feature of decentralized identity verification is now
possible. Based on a concept known as “self-sovereign identity (SSI)”, this new approach for authentication
and verification of digital identity began as a means by which a person, the identity holder, has control of
their personal data over how, when and to whom those data are revealed. This approach is set to transform
the nature of identity management and how person-to-entity, or entity-to-entity, interactions take place in
the digital world. It can address the need for automation in verification while maintaining data privacy and
confidentiality.
The legal entity identifier (LEI) plays a key role in this process. So, the Global Legal Entity Identifier
Foundation (GLEIF), manager of the Global LEI System in which the ISO 17442 series has been implemented,
continues its work so that each business worldwide has only one global identity and this includes a digital
identity by expanding the ISO 17442 series. This document is dedicated to leveraging the LEI in digitally
signed credentials that are not only tamper-resistant but capable of being verified in a decentralized manner.
Chaining of the verifiable legal entity identifier (vLEI) credentials in the vLEI trust chain using authentic
chained data container (ACDC) credentials allows for the provenance of vLEIs to be traced back to GLEIF
as both the root of trust for the vLEI trust chain as well as to the entity, under regulatory oversight, that
ensures the operational integrity of the global LEI system.
This document enables LEIs to be used in both the recent innovation of credentials based on decentralized
digital identity as well as X.509 public key certificates as outlined in ISO 17442-2.
As with standard X.509 digital certificates, vLEIs will use ISO 5009. Combining LEIs with official
organizational roles is a key enabler for digital identity management for organizations and persons acting
on behalf of organizations.
v
International Standard ISO 17442-3:2024(en)
Financial services — Legal entity identifier (LEI) —
Part 3:
Verifiable LEIs (vLEIs)
1 Scope
This document specifies the use of the legal entity identifier (LEI) code, represented in ISO 17442-1, in
authentic chained data container (ACDC) credentials.
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.
ISO 17442-1:2020, Financial services — Legal entity identifier (LEI) — Part 1: Assignment
ISO 5009:2022, Financial services — Official organizational roles — Scheme for official organizational roles
3 Terms and definitions
For the purposes of this document, the following terms and definitions apply.
ISO and IEC maintain terminology databases for use in standardization at the following addresses:
— ISO Online browsing platform: available at https:// www .iso .org/ obp
— IEC Electropedia: available at https:// www .electropedia .org/
3.1
official organizational role
official role of a person within an organization or legal entity within a particular jurisdiction that is publicly
discover
...
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