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SOUTH AMERICA SPECIFIC REQUIREMENTS LETTER CLARIFICATION LETTER TO SPECIFIC REQUIREMENTS FROM LEAR SOUTH AMERICA, REGARDING THE GLOBAL REQUIREMENTS AND CODE OF CONDUCT OF SUPPLIERS (Rev. 9 26 October
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LEAR (Legal Entity Attribute Repository) is a database that contains information about legal entities participating in the financial markets, specifically focusing on the identification and attributes relevant to trading.
Entities that engage in financial transactions and require legal entity identification, such as large financial institutions and corporations, are typically required to file LEAR.
Filling out LEAR involves providing detailed information about the legal entity, including its name, registration number, address, and relevant identifiers such as LEI (Legal Entity Identifier).
The purpose of LEAR is to provide a consistent and reliable framework for identifying legal entities, improving transparency and data sharing across financial markets.
Information that must be reported includes the legal entity's name, registration details, address, primary business activity, and relevant identifiers like LEI.
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