public:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition

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public:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition [2026/10/08 14:26] – [Definition] nick_didopublic:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition [2026/10/08 15:38] (current) – nick_dido
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 ===== Discussion ===== ===== Discussion =====
  
-Legal Entity Recognition identifies the jurisdiction-dependent status under which an [[public:99_annexes:annex-b-terms-and-definitions:o:organization|Organization]] is recognized as a [[public:99_annexes:annex-b-terms-and-definitions:l:legal_entity|Legal Entity]].+Legal Entity Recognition identifies the [[public:99_annexes:annex-b-terms-and-definitions:j:jurisdiction|Jurisdiction]]-dependent status under which a [[public:99_annexes:annex-b-terms-and-definitions:p:person|Person]] or [[public:99_annexes:annex-b-terms-and-definitions:o:organization|Organization]] is recognized as a [[public:99_annexes:annex-b-terms-and-definitions:l:legal_entity|Legal Entity]].a person 
  
 An Organization exists independently of a particular Legal Entity Recognition. Recognition under the laws of a [[public:99_annexes:annex-b-terms-and-definitions:j:jurisdiction|Jurisdiction]] establishes the legal personality, rights, obligations, and capacity applicable to the Organization within that Jurisdiction. An Organization exists independently of a particular Legal Entity Recognition. Recognition under the laws of a [[public:99_annexes:annex-b-terms-and-definitions:j:jurisdiction|Jurisdiction]] establishes the legal personality, rights, obligations, and capacity applicable to the Organization within that Jurisdiction.
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 ===== Definition ===== ===== Definition =====
  
-> The [[private:01-fx:07-information-model:start|FX Information Model]] SHALL represent [[public:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition|Legal Entity Recognition]] independently of the [[public:99_annexes:annex-b-terms-and-definitions:i:identity|Identity]] of the recognized [[public:99_annexes:annex-b-terms-and-definitions:o:organization|Organization]].//+> //jurisdiction-dependent recognition under applicable law through which a Person or Organization has legal status, rights, obligations, or capacity///
  
 ===== Source ===== ===== Source =====
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 ===== Note ===== ===== Note =====
  
-  * Legal Entity Recognition applies to an Organization+  * Legal Entity Recognition applies to a Person or Organization
   * Legal Entity Recognition does not define an additional Party Kind   * Legal Entity Recognition does not define an additional Party Kind
   * An Organization may have more than one Legal Entity Recognition   * An Organization may have more than one Legal Entity Recognition
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 ===== Example ===== ===== Example =====
  
-Example Bank is an Organization incorporated under the laws of Jurisdiction A.+**Example Bank** is an Organization incorporated under the laws of Jurisdiction A.
  
 The applicable Legal Entity Recognition identifies: The applicable Legal Entity Recognition identifies:
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   * The incorporation record as supporting Evidence   * The incorporation record as supporting Evidence
  
-Example: Bank later receives recognition in Jurisdiction B. The Information Model records a separate Legal Entity Recognition for Jurisdiction B.+**Example Bank** later receives recognition in Jurisdiction B.
  
 Both Legal Entity Recognitions refer to the same Organization. They do not create two Organizations or two Party Identities. Both Legal Entity Recognitions refer to the same Organization. They do not create two Organizations or two Party Identities.
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  • Last modified: 2026/10/08 14:26
  • by nick_dido