Create New Legal entity form
Summarize
Summary of Create New Legal entity form
The Create New Legal entity form enables ServiceNow customers to set up and maintain digital resilience information for legal entities by filling in key fields. This form is essential for accurately registering entities in the information register with standardized identifiers and classification details, ensuring compliance and data consistency.
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Key Fields and Their Purpose
- LEI of the entity: Enter the Legal Entity Identifier, a unique 20-character alphanumeric global code based on ISO 17442, to distinctly identify the entity.
- Name of the entity: Provide the legal name responsible for maintaining the register information.
- Country of the entity: Use the two-letter country code indicating where the entity’s license or registration was issued.
- Type of entity: Select the entity’s classification from a comprehensive list including credit institutions, investment firms, CCPs, and various financial and non-financial categories.
- Hierarchy of the entity within the group: Specify the entity’s position such as ultimate parent, parent other than ultimate, subsidiary, or other group-related statuses.
- Outsourcing LEI of the direct parent undertaking: When applicable, provide the LEI of the entity’s direct parent, shown based on the hierarchy selection.
- Date fields: Enter the date of last update, date of integration, and if applicable, the date of deletion of the entity in the register in YYYY-MM-DD format.
- Financial deletion status: Indicate whether the financial entity has been deleted in the register, which triggers display or auto-fill of the deletion date.
- Currency: Specify the currency code used for the entity’s financial statements.
- Value of total assets: Record the monetary value of the entity’s total assets, as per the previous year’s financial statement, related to ICT services.
Practical Application for ServiceNow Customers
By accurately completing this form, customers can ensure their legal entities are correctly registered with standardized identifiers and classifications, facilitating regulatory compliance and robust digital resilience tracking. The detailed hierarchy and financial data fields support precise group structure reporting and financial oversight, which are critical for governance and audit readiness.
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. |