GLEIF Reporting Exception Ontology
type: Vocabulary
type: Ontology
abstract: Ontology for representing exceptions to reporting of parents, for entities registered with a Legal Entity Identifier. The Global Legal Identifier System (GLEIS) requires that legal entities with an LEI provide information on their ultimate and direct accounting consolidating parents. Relationship reporting is mandatory with exceptions allowed for certain well-defined reasons. This ontology provides a simple structure for recording reasons for each exception by LEI.
contributor: bryon
contributor: www.workingontologist.com
contributor: peterivett
creator: GLEIF
issued: 2019-02-01T00:00:00+00:00
license: https://www.gleif.org/en/meta/lei-data-terms-of-use/
rights: Copyright (c) 2019 Global Legal Entity Identifier Foundation (GLEIF)
rights holder: GLEIF
source: https://www.gleif.org/en/about-lei/common-data-file-format/level-2-data-reporting-exceptions-format
title: Global Legal Entity Identifier Foundation Reporting Exception Ontology
preferred namespace prefix: gleif-repex
imports: L1
imports: L2
version IRI: ReportingException

direct consolidation reporting exception
type: Class
subclass of: reporting exception
definition: The legal entity has declined to report a direct accounting consolidation parent, based on applicable accounting standards.
has tag: DIRECT_ACCOUNTING_CONSOLIDATION_PARENT

binding legal commitments
type: NamedIndividual
type: exception reason
definition: Binding legal commitments (other than the laws or regulations of a jurisdiction), such as articles governing the legal entity or a contract, prevent providing or publishing this information. The LOU is not expected to verify or analyze whether the legal framework constitutes a legal obstacle.
has tag: BINDING_LEGAL_COMMITMENTS

ultimate consolidation reporting exception
type: Class
subclass of: reporting exception
definition: The legal entity has declined to report an ultimate accounting consolidation parent, based on applicable accounting standards.
has tag: ULTIMATE_ACCOUNTING_CONSOLIDATION_PARENT

has exception reason
type: ObjectProperty
domain: reporting exception
range: exception reason
definition: A single reason provided by the legal entity for declining to provide the mandatory report of a specified type of information (beyond the minimum reference data needed purely for identification of the legal entity).

has exception reference
type: DatatypeProperty
domain: reporting exception
definition: References of the law, regulation or other element of the legal framework to support reason(s) provided by the legal entity for declining to provide information on its parents.

has reporting entity
type: ObjectProperty
domain: reporting exception
range: RegisteredEntity
definition: The LEI-registered legal entity which raised this exception.

consent not obtained
type: NamedIndividual
type: exception reason
definition: There is no parent according to the definition used, because there is no known person controlling the entity (e.g., diversified shareholding).
has tag: CONSENT_NOT_OBTAINED

detriment not excluded
type: NamedIndividual
type: exception reason
definition: The child entity has sought to consult the parent entity about the reporting of the parent information to the GLEIS but could not confirm the absence of detriment in a way that can appropriately prevent liability risks for the child entity (or those acting on its behalf) under the applicable legal framework. The disclosure of this information would be detrimental to the legal entity or the relevant parent. This will include reasons generally accepted by public authorities in similar circumstances, based on a declaration by the entity. This reason may be used only when all following cumulative circumstances apply: [i) the parent could not be informed via the GLEIS and have the possibility to correct the relationship information before publication (including raising a cause for opt out, either because the parent does not have an LEI, or it has an LEI but the GLEIS has not yet implemented such system;] ii) the relationship is not already in the public domain (information being in the public domain assumes here that the way the information came into the public domain did not infringe the applicable legal framework); iii) the child entity has reasons to believe that the parent may consider disclosure to be detrimental; (iv) the child entity has sought to consult the parent entity of the reporting of the parent information to the GLEIS but could not confirm the absence of detriment in a way that can appropriately prevent liability risks for the child entity (or those acting on its behalf) under the applicable legal framework.
has tag: DETRIMENT_NOT_EXCLUDED

disclosure detrimental
type: NamedIndividual
type: exception reason
definition: The disclosure of this information would be detrimental to the legal entity or the relevant parent. This will include reasons generally accepted by public authorities in similar circumstances, based on a declaration by the entity.
has tag: DISCLOSURE_DETRIMENTAL

legal obstacles
type: NamedIndividual
type: exception reason
definition: Obstacles in the laws or regulations of a jurisdiction prevent providing or publishing this information. This does not include cases where, under the applicable legal framework disclosing the parent relationship would require the consent of one of the entities in the relationship, or both, and such consent could not be obtained (in these cases 'CONSENT_NOT_OBTAINED' is the applicable code). The LOU is not expected to verify or analyze whether the legal framework constitutes a legal obstacle.
has tag: LEGAL_OBSTACLES

natural persons
type: NamedIndividual
type: exception reason
definition: There is no parent according to the definition used, because the entity is controlled by natural person(s) without any intermediate legal entity meeting the definition of accounting consolidating parent.
has tag: NATURAL_PERSONS

no known person
type: NamedIndividual
type: exception reason
definition: There is no parent according to the definition used, because there is no known person controlling the entity (e.g., diversified shareholding).
has tag: NO_KNOWN_PERSON

no LEI
type: NamedIndividual
type: exception reason
definition: The parent does not consent to have an LEI.
has tag: NO_LEI

non consolidating
type: NamedIndividual
type: exception reason
definition: There is no parent according to the definition used, because the entity is controlled by legal entities not subject to preparing consolidated financial statements.
has tag: NON_CONSOLIDATING

reporting exception
type: Class
subclass of: Restriction
  min cardinality: 0
  on property: has exception reference
subclass of: Restriction
  min qualified cardinality: 1
  on class: exception reason
  on property: has exception reason
subclass of: Restriction
  on class: RegisteredEntity
  on property: has reporting entity
  qualified cardinality: 1
definition: A single exception to a specified reporting requirement, giving reasons and references where applicable.

exception reason
type: Class
one of: no LEI
one of: natural persons
one of: non consolidating
one of: no known person
one of: legal obstacles
one of: consent not obtained
one of: ExceptionReasonKindLegalCommitments
one of: detriment not excluded
one of: disclosure detrimental
definition: A single reason provided by the legal entity for declining to provide the mandatory report of a specified type of information (beyond the minimum reference data needed purely for identification of the legal entity).