Create New Legal entity form

  • Release version: Yokohama
  • 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 within their organization. This form captures critical details such as legal identifiers, entity classification, hierarchical relationships, and financial data to ensure accurate and compliant record-keeping in information registers.

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    Key Features

    • Legal Entity Identifier (LEI): Input the unique 20-character alpha-numeric code that identifies the legal entity globally, based on the ISO 17442 standard.
    • Name and Country of the Entity: Provide the official registered name and the two-letter country code where the entity is licensed or registered.
    • Type of Entity: Select the entity type from a comprehensive list including credit institutions, investment firms, crypto-asset service providers, insurance intermediaries, and non-financial entities, among others.
    • Hierarchy within Group: Define the entity’s role within its corporate group, such as ultimate parent, subsidiary, or outsourcing entity.
    • Outsourcing LEI: When applicable, specify the LEI of the direct parent undertaking, aiding in establishing accurate group relationships.
    • Important Dates: Record the date of last update, integration date into the information register, and if applicable, the deletion date of the entity from the register.
    • Deletion Status: Indicate if the financial entity has been deleted from the information register, which triggers additional date fields.
    • Financial Information: Enter the currency code for financial statements and the monetary value of total assets based on the previous year's financial statements.

    Key Outcomes

    By accurately completing the Create New Legal entity form, customers can:

    • Maintain precise and up-to-date digital resilience information for each legal entity in their ecosystem.
    • Ensure compliance with international standards for entity identification and classification.
    • Establish clear hierarchical and outsourcing relationships within corporate groups for better governance.
    • Track important lifecycle dates and financial metrics that aid in risk management and reporting.

    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.