Create New Legal entity form

Xanadu Governance, Risk, and Compliance

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xanadu

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en-US

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Xanadu Governance, Risk, and Compliance

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Technology

Create New Legal entity form

Release version: Xanadu

Updated July 31, 2025

2 minutes to read

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Summary of Create New Legal entity form

The Create New Legal entity form enables ServiceNow customers to set up and manage digital resilience information for legal entities. By completing this form, customers can accurately register and maintain key details about a legal entity, including identifiers, classification, hierarchy, and financial data. This information supports regulatory compliance, risk management, and reporting needs.

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Key Fields and Their Purpose

LEI of the entity: A 20-character unique global Legal Entity Identifier based on ISO 17442, used to distinctly identify the entity.
Name of the entity: The official legal name of the entity maintaining the register information.
Country of the entity: The two-letter country code representing where the entity’s license or registration was issued.
Type of entity: Categorizes the entity into specific types such as credit institutions, investment firms, crypto-asset providers, insurance undertakings, and others to clarify its role and regulatory classification.
Hierarchy of the entity within the group: Defines the entity’s position in the corporate group (e.g., ultimate parent, subsidiary), which helps in mapping organizational structure and relationships.
Outsourcing LEI of the direct parent undertaking: Captures the LEI of the direct parent when applicable, ensuring linkage within hierarchical data.
Date fields: Includes the date of last update, integration date into the register, and, if applicable, the date of deletion from the register. These dates track the lifecycle and currency of the entity’s data.
Deletion status: Indicates if the financial entity has been deleted in the information register, with conditional display of the deletion date to maintain accurate records.
Currency: Specifies the currency code used for the entity’s financial statements, ensuring consistency in financial reporting.
Value of total assets: Records the monetary value of the entity’s total assets as per the previous year’s financial statements, supporting financial resilience assessments.

Practical Benefits for ServiceNow Customers

By using this form, customers can:

Maintain standardized, compliant digital resilience records aligned with global standards (ISO 17442).
Accurately classify and hierarchically organize legal entities within their corporate groups.
Track entity status over time, including updates, integrations, and deletions, supporting data accuracy and audit readiness.
Integrate financial and organizational data to support risk, compliance, and resilience reporting efforts.

On the Create New Legal entity form, fill in the fields to set up the digital resilience information.

Create New Legal entity form

Table 1. 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: Credit institutions Investment firms Central counterparties (CCPs) Asset management companies Account information service providers Electronic money institutions Crypto-asset service providers Central security depository Trading venues Trade repositories Payment institution Other financial entity Securitization repository Crowdfunding service providers Administrator of critical benchmarks Credit rating agency Institutions for occupational retirement provision Insurance intermediaries, reinsurance intermediaries and ancillary insurance intermediaries Insurance and reinsurance undertakings Data reporting service providers Managers of alternative investment funds Non-financial entity: Other than ICT intra-group service provider Non-financial entity: ICT intra-group service provider Issuers of asset-referenced tokens
Hierarchy of the entity within the group	Hierarchy of the entity within the group that is identified by using one of the following options: Ultimate parent Parent other than ultimate parent Subsidiary Entities other than entities of the group Outsourcing
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: Parent other than ultimate parent Subsidiary Entities other than entities of the group Outsourcing
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: Yes: Displays the Date of deletion in the register of information field. No: If the financial entity has been deleted in the information register, the date is auto-filled in the following field: Date of deletion in the register of information.
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.