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A.P. U.S. Government and Politics
Legs Project
Selecting a Legislative District
Purpose:
In order to better understand the legislative process and the complicated
nature of Congress, our class will
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What is legsim?
Legsim stands for Legal Entity identifier (LEI) General System. It is a unique identifier that allows for the clear and unambiguous identification of legal entities participating in financial transactions.
Who is required to file legsim?
All legal entities participating in financial transactions are required to obtain and file legsim.
How to fill out legsim?
To fill out legsim, legal entities must apply for an LEI through a registered Local Operating Unit (LOU) and provide the necessary information.
What is the purpose of legsim?
The purpose of legsim is to improve transparency in financial markets and help regulators monitor systemic risk.
What information must be reported on legsim?
Information such as the legal name, address, ownership information, and registration details of the legal entity must be reported on legsim.
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