Corporate ownership in the LEI system

Beyond identifying entities, the LEI system records relationships between them. This “Level 2” data captures two links: the direct accounting consolidating parent (the entity immediately above in the consolidation) and the ultimate accounting consolidating parent (the top of the chain).

Together these let you trace who ultimately controls an entity, and — read the other way — which subsidiaries a parent consolidates. LEIatlas turns this into a navigable graph: every parent and subsidiary is a link, and the group page collects the whole structure around one entity.

Where a parent is not disclosed, the record carries a reporting exception explaining why — for example that there is no consolidating parent, or that disclosure is legally constrained. An exception is information, not a gap.