Create New Legal entity form
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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. This form is essential for accurately reporting entity details in compliance with regulatory requirements such as DORA. It ensures the integrity of data by validating Legal Entity Identifier (LEI) codes against the GLEIF database and supports comprehensive entity classification and hierarchy documentation.
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Key Features
- Legal Entity Identifier (LEI): Enter a unique 20-character alphanumeric global identifier following ISO 17442. The system validates this against the GLEIF database and auto-populates the entity's name and country fields. Inline warnings appear if manually edited values do not match GLEIF data.
- Name and Country of the Entity: Auto-filled upon LEI validation, representing the legal name and two-letter country code of the entity’s registration.
- Type of Entity: Select from a comprehensive list of entity types, including various financial institutions, service providers, and non-financial entities, enabling precise classification for reporting purposes.
- Entity Hierarchy: Define the entity’s role within its group structure (e.g., ultimate parent, subsidiary, outsourcing) to clarify organizational relationships.
- Parent LEI: Specify the LEI of the direct parent undertaking when applicable, supporting hierarchical accuracy.
- Important Dates: Record the date of last update, date of integration into the register, and if applicable, the date of deletion, ensuring up-to-date entity lifecycle tracking.
- Deletion Status: Indicate whether the financial entity has been deleted from the register, with conditional display of the deletion date field.
- Financial Data Fields: Capture the currency code used for financial statements and the monetary value of total assets based on the previous year's financial statement, supporting financial resilience analysis.
Practical Benefits for ServiceNow Customers
- Ensures compliance with regulatory digital resilience reporting by capturing accurate, validated entity information.
- Reduces manual data entry errors through LEI validation and auto-population features.
- Supports detailed entity classification and hierarchy mapping, enabling clearer organizational insights.
- Facilitates tracking of entity status and financial metrics vital for risk management and reporting.
- Helps maintain a reliable and current legal entity register within ServiceNow’s digital resilience management framework.
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. |