Create New Legal entity form

  • Release version: Zurich
  • 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 is designed to capture essential digital resilience information about a legal entity. This form helps ServiceNow customers accurately register and maintain key details about an entity, supporting compliance and data integrity within the platform.

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    Key Fields and Their Purpose

    • LEI of the entity: A unique 20-character alphanumeric Legal Entity Identifier based on the ISO 17442 standard, essential for global identification and registry tracking.
    • Name of the entity: The official legal name responsible for maintaining and updating the registry information.
    • Country of the entity: The two-letter country code representing where the entity’s license or registration was issued.
    • Type of entity: Specifies the entity category, including credit institutions, investment firms, payment institutions, insurance intermediaries, and various other financial and non-financial types. This classification supports proper entity identification and regulatory categorization.
    • Hierarchy of the entity within the group: Defines the entity’s position such as ultimate parent, parent other than ultimate parent, subsidiary, or entities outside the group, which is critical for organizational structure and governance.
    • Outsourcing LEI of the direct parent undertaking: Captures the LEI of the direct parent entity when applicable, enabling accurate group relationship mapping.
    • Date of last update: The most recent update date of the entity’s information in the registry, recorded in YYYY-MM-DD format, ensuring data currency.
    • Date of integration in the register of information: The date when the entity was first included in the register, aiding historical tracking.
    • Deletion status: Indicates if the financial entity has been deleted from the register, with an automatic field for the date of deletion if applicable, maintaining accurate lifecycle status.
    • Currency: The currency code used for the entity’s financial statements, important for financial reporting accuracy.
    • Value of total assets: The monetary value of the entity's total assets based on the prior year's financial statement, relevant for financial assessments and risk management.

    Practical Use for ServiceNow Customers

    By completing this form, customers can systematically capture and maintain comprehensive legal entity data within ServiceNow. This enables improved regulatory compliance, enhanced data quality for digital resilience initiatives, and clear visibility of entity hierarchies and financial status. The structured data supports downstream processes such as reporting, risk analysis, and governance activities.

    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.