Create New Legal entity form
Summarize
Summary of Create New Legal entity form
The Create New Legal entity form is designed to capture comprehensive digital resilience information about a legal entity. It enables ServiceNow customers to accurately register and maintain key data related to entities within their information registers, facilitating clear identification and classification for regulatory and operational purposes.
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Key Features
- Legal Entity Identifier (LEI): A unique 20-character alphanumeric global identifier based on ISO 17442, essential for uniquely identifying the entity in the register.
- Name and Country of Entity: Records the official legal name and the two-letter country code of entity registration or licensing.
- Type of Entity: Offers a detailed list of entity types including financial institutions, service providers, and non-financial entities, enabling precise categorization.
- Hierarchy Within Group: Defines the entity’s position in the corporate structure (e.g., ultimate parent, subsidiary) to clarify organizational relationships.
- Outsourcing LEI: Captures the LEI of the direct parent undertaking when applicable, ensuring traceability within group hierarchies.
- Important Dates: Includes date of last update, date of integration into the register, and if applicable, date of deletion, supporting data accuracy and lifecycle tracking.
- Deletion Status: Indicates whether the financial entity has been deleted from the register, with automatic date population if deleted.
- Financial Information: Records the currency code and the monetary value of total assets based on the previous year’s financial statement, aiding financial assessments.
Key Outcomes
Using this form, ServiceNow customers can systematically document and update essential digital resilience data for legal entities, ensuring compliance with global standards and maintaining an accurate entity registry. This structured data supports better governance, risk management, and reporting within ServiceNow’s platform.
On the Create New Legal entity form, fill in the fields to set up the digital resilience information.
Create New Legal entity form
| Field | Description |
|---|---|
| Digital resilience information | |
| LEI of the entity | Legal Entity Identifier. A unique global identifier for the entity reported in the register of information. It uses the 20-character, alpha-numeric code based on the ISO 17442 standard. |
| Name of the entity | Legal name of the entity that maintains and updates the register of information. |
| Country of the entity | Two-letter country code where the license or the registration of the entity, as listed in the information register, was issued. |
| Type of entity | Types of the entity. Identify the type of the entity by using one of the following options:
|
| Hierarchy of the entity within the group | Hierarchy of the entity within the group that is identified by using one of the following options:
|
| LEI of the direct parent undertaking of the entity | Legal Entity Identifier (LEI) of the direct parent undertaking of the entity reported in the register of information. This field is displayed when the Hierarchy of the entity within the group
field has one of the following values:
|
| Date of last update | Date of last update made in the register of information in relation to the entity in the YYYY-MM-DD format. |
| Date of integration in the register of information | Date on which the entity was included in the register of information in the YYYY-MM-DD format. |
| Has the financial entity been deleted in the information register? |
Information of the legal entity such as whether the financial entity been deleted in the information register. Available options are:
|
| Currency | Code of currency used in preparing the financial entity's financial statements. |
| Value of total assets - of the financial entity | Monetary value of the total assets of the entity using the ICT services, as per the previous year's financial statement. |