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LEI Oversight Committee Holds Inaugural Meeting

The Financial Stability Board (FSB) issued a press release on 28 January 2013 confirming that the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier (LEI) System held its inaugural meeting in Toronto on 24/25 January.

The ROC is charged with responsibility for overseeing the development of the Global LEI System, which will facilitate unique identification of parties to financial transactions. It has assumed responsibility for the project from the FSB. Authorities from over 50 jurisdictions attended the meeting.

The ROC will publish regular progress reports on the work of the Committee.

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