====== Recognition Status ====== [[public:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]] ===== Discussion ===== Recognition Status identifies the lifecycle condition of a [[public:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition|Legal Entity Recognition]] at a specified time. Recognition Status indicates whether the applicable legal recognition is proposed, pending, active, suspended, revoked, expired, dissolved, terminated, or in another condition defined by the applicable [[public:99_annexes:annex-b-terms-and-definitions:c:controlled_vocabulary|Controlled Vocabulary]]. A Recognition Status may identify: * A stable identifier or code * A preferred label * A definition * The applicable lifecycle condition * Permitted preceding statuses * Permitted succeeding statuses * Applicable transition rules * The authority assigning the status * The reason for the status * The date or time at which the status became effective * An applicable [[public:99_annexes:annex-b-terms-and-definitions:e:effective_period|Effective Period]] * Supporting [[public:99_annexes:annex-b-terms-and-definitions:e:evidence_reference|Evidence References]] * Applicable [[public:99_annexes:annex-b-terms-and-definitions:p:provenance_reference|Provenance References]] Recognition Status remains distinct from the existence or [[public:99_annexes:annex-b-terms-and-definitions:i:identity|Identity]] of the recognized [[public:99_annexes:annex-b-terms-and-definitions:p:party|Party]]. Suspending, revoking, expiring, dissolving, or terminating a Legal Entity Recognition does not automatically remove the underlying [[public:99_annexes:annex-b-terms-and-definitions:p:person|Person]] or [[public:99_annexes:annex-b-terms-and-definitions:o:organization|Organization]] from the Information Model. Recognition Status also remains distinct from: * Entity Status * Registration Status * Identifier Status * [[public:99_annexes:annex-b-terms-and-definitions:l:legal_form|Legal Form]] * [[public:99_annexes:annex-b-terms-and-definitions:o:organization_classification|Organization Classification]] * Operational Status * Regulatory Authorization Status Entity Status describes an entity's condition. Registration Status describes the condition of a registration record. Identifier Status describes an identifier's condition. Recognition Status describes the condition of a Legal Entity Recognition. These statuses may be related, but a change in one does not automatically establish a change in another unless the applicable rules explicitly define that relationship. ===== Definition ===== > //classification indicating the lifecycle condition of a Legal Entity Recognition at a specified time// ===== Source ===== Adapted from: * [[https://www.gleif.org/ontology/Base/|Global Legal Entity Identifier Foundation Base Ontology]] * Relevant concepts and relationships: Entity Status, Registration Status, Event Status, Period, and status-related concepts * Retrieved: 2026-10-09 * [[https://www.gleif.org/en/about-lei/common-data-file-format/lei-cdf-format|Global Legal Entity Identifier Foundation, LEI Common Data File Format]] * Relevant concepts and data elements: Entity Status, Registration Status, Legal Entity Events, effective dates, and historical reference data * Retrieved: 2026-10-09 * [[https://www.gleif.org/ontology/pylodev2/GLEIF_L1.html|Global Legal Entity Identifier Foundation Level 1 Ontology]] * Relevant concepts and relationships: Legal Entity, Legal Entity Event Status, Legal Entity Identifier Registration Status, and Legal Entity reference data * Retrieved: 2026-10-09 * [[https://spec.edmcouncil.org/fibo/ontology/FBC/FunctionalEntities/BusinessRegistries/hasRegistrationStatus|Financial Industry Business Ontology, Business Registries Ontology]] * Relevant concepts and relationships: Registration Status, Business Registry, Registration Authority, and registered entity information * Retrieved: 2026-10-09 * [[https://www.omg.org/spec/Commons/Organizations|OMG Commons Organizations Ontology]] * Relevant concepts and relationships: Organization, Legal Entity, Formal Organization, legal recognition, and organizational status * Retrieved: 2026-10-09 This corpus defines the expression //Recognition Status//. The referenced sources define Entity Status, Registration Status, Event Status, and related lifecycle concepts but do not necessarily define a concept having this exact name or scope. ===== Note ===== * Recognition Status applies to Legal Entity Recognition * Each Legal Entity Recognition identifies one current Recognition Status * Recognition Status does not define an additional Party Kind * Recognition Status does not replace the Identity of the recognized Party * Recognition Status remains distinct from Entity Status * Recognition Status remains distinct from Registration Status * Recognition Status remains distinct from Identifier Status * Recognition Status remains distinct from Legal Form * Recognition Status remains distinct from Organization Classification * A Recognition Status value uses an identified Controlled Vocabulary * The Controlled Vocabulary defines the permitted Recognition Status values * The Controlled Vocabulary may define permitted status transitions * A status change identifies when the new status becomes effective * A time-dependent Recognition Status identifies its applicable Effective Period * A prior Recognition Status remains available as historical information * A status change does not silently overwrite the prior status * Supporting Evidence may identify the authority or legal basis for a status assignment * Revoking or ending Legal Entity Recognition does not automatically remove the recognized Party * The platform-independent definition does not require a particular enumeration, state-machine implementation, database representation, programming-language type, or serialization format ===== Example ===== **Example Bank** is an [[public:99_annexes:annex-b-terms-and-definitions:o:organization|Organization]] having a [[public:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition|Legal Entity Recognition]] in **Jurisdiction A**. The applicable Recognition Status history is: ^ Recognition Status ^ Effective Period ^ Reason ^ | ''Pending'' | ''2024-01-05 through 2024-01-19'' | Registration application under review | | ''Active'' | ''2024-01-20 through 2026-06-29'' | Registration approved by **Registration Authority A** | | ''Suspended'' | ''2026-06-30 through 2026-07-14'' | Required filing not received | | ''Active'' | ''Beginning 2026-07-15'' | Required filing accepted | The temporary ''Suspended'' status does not create a new Organization or replace the Identity of **Example Bank**. The Information Model preserves the earlier ''Pending'', ''Active'', and ''Suspended'' status information with their applicable Effective Periods, Evidence References, and Provenance References. The Recognition Status Controlled Vocabulary may contain: ^ Status Value ^ Meaning ^ | ''Proposed'' | Recognition has been proposed but has not entered a formal review process | | ''Pending'' | Recognition is awaiting a decision or completion of an applicable process | | ''Active'' | Recognition is currently in effect | | ''Suspended'' | Recognition is temporarily not in effect or is subject to a temporary restriction | | ''Revoked'' | The applicable authority has withdrawn the recognition | | ''Expired'' | Recognition ended because its defined validity period elapsed | | ''Dissolved'' | Recognition ended following dissolution under applicable law | | ''Terminated'' | Recognition ended through another defined terminating event | The applicable Controlled Vocabulary and governing legal framework determine which values and transitions are permitted. ---- © 2026 Dido Solutions, Inc. and Jackrabbit Consulting, Inc.