Monthly Archives: May 2026

Spotlight on GLEIF

1. What is the mission and vision of GLEIF?

GLEIF’s vision is one verifiable, trusted, global identity behind every business. Its mission is to empower global trust and transparency through open, digital, and reliable organizational identity services.

GLEIF advances this mission through the Legal Entity Identifier (LEI) and its digital counterpart, the verifiable LEI (vLEI). The LEI is a globally standardized code that enables clear and unique identification of legal entities. The vLEI extends verified organizational identity into the digital domain, enabling counterparties to computationally verify the identity, authority, and role of a person acting on behalf of a legal entity.

Together, the LEI and vLEI support more trusted, efficient, and interoperable business relationships across borders, sectors, and digital ecosystems.

2. Why is trustworthy digital identity critical for existing and emerging markets?

Digital trust depends on knowing which organization is involved in a transaction, relationship, or exchange of information. As business becomes more digital and cross-border, organizations need reliable ways to identify legal entities, counterparties, suppliers, customers, and authorized representatives.

In established markets, trusted organizational identity can reduce friction in compliance, onboarding, payments, reporting, and supply chain due diligence. In emerging markets, it can help organizations demonstrate their legitimacy, access services, and participate more confidently in global commerce.

The LEI and vLEI provide a standardized foundation for this trust. They make organizational identity data more consistent, transparent, and reusable across systems and jurisdictions.

3. How will digital identity transform the Canadian and global economy? How does your organization address challenges associated with this transformation?

Digital trust and identity verification can help economies operate with greater confidence by reducing uncertainty about who organizations are, who owns them, and who is authorized to act on their behalf. This is relevant across financial services, payments, supply chains, digital credentials, regulatory reporting, and cross-border trade.

GLEIF addresses these challenges by maintaining and advancing the Global LEI System, an internationally recognized infrastructure for organizational identity. The Global LEI Index makes standardized legal entity reference data openly available, while the vLEI brings verified organizational identity into digital workflows.

This helps create a common identity layer that can be used across sectors and jurisdictions, rather than relying on fragmented, organization-specific approaches.

4. What role does Canada have to play as a leader in this space?

Canada has an opportunity to show how public and private sector collaboration can support trusted, interoperable digital identity ecosystems. Through organizations such as DIACC, Canada is convening the policy, standards, certification, and implementation discussions needed to make digital trust practical and widely adopted.

From GLEIF’s perspective, Canada can play a strong role by aligning domestic digital trust initiatives with globally interoperable standards. This is especially important for organizational identity, where businesses, regulators, and service providers need trusted identity information that works across borders.

By connecting Canadian digital trust initiatives with global identity infrastructure such as the LEI and vLEI, Canada can support services that are locally relevant and internationally interoperable.

5. Why did your organization join the DIACC?

GLEIF joined DIACC to contribute to Canada’s digital trust and identity verification ecosystem and to learn from the organizations shaping it. DIACC brings together public and private sector leaders working on practical frameworks, certification, and adoption pathways for trusted digital services.

As digital wallets, credentials, authentication services, and verification tools continue to develop, they need a reliable organizational identity layer. The LEI and vLEI are designed to support that need.

By joining DIACC as a Sustaining Member, GLEIF aims to support trusted, interoperable organizational identity in Canada and contribute global expertise from the LEI and vLEI ecosystems.

6. What else should we know about your organization?

The Global Legal Entity Identifier Foundation (GLEIF) is a not-for-profit organization established by the Financial Stability Board in June 2014. GLEIF supports the implementation and use of the Legal Entity Identifier and the verifiable LEI to advance trusted organizational identity worldwide.

The LEI is used globally to provide clear and unique identification of legal entities. In Q1 2026, the active LEI population surpassed 3 million, reflecting growing demand for standardized organizational identity across sectors and regions. GLEIF is also advancing the vLEI as a digital credential for organizational identity, with ISO 17442-3 published in 2024 to standardize vLEIs across the global LEI ecosystem.

Request for Comment & IPR Review: PCTF Automotive Identity Profile

Notice of Intent: DIACC is collaborating to develop and publish the Automotive Identity Profile of the Pan-Canadian Trust Framework (PCTF) to standardize and secure digital identity verification practices across the automotive financing and leasing ecosystem. During this public review period, DIACC is looking for community feedback to ensure that the conformance criteria is clear and auditable.

To learn more about the Pan-Canadian vision and benefits-for-all value proposition please review the Pan-Canadian Trust Framework Overview.

Document Status: This review document has been developed by members of the DIACC’s Trust Framework Expert Committee (TFEC) who operate under the DIACC controlling policies and consist of representatives from both the private and public sectors. This document has been approved by the TFEC for public comment.

Summary:

In response to Canadian bank directives on dealership identity verification, the PCTF Automotive Identity Profile will establish transparent, auditable assurance criteria recognized through the DIACC PCTF Certification Program. This will give dealerships, lenders, and technology partners confidence in secure, privacy-preserving digital identity tools that meet regulatory expectations. The result is a consistent trust layer across vehicle purchasing and financing that reduces fraud, document counterfeiting, and strengthens AML compliance sector-wide.

Invitation:

  • All interested parties are invited to comment

Period:

  • Opens: May 4, 2026 at 23:59 PT | Closes: June 4, 2026 at 23:59 PT

When reviewing the Conformance Criteria, please consider the following and note that responses to these questions are non-binding and serve to improve the PCTF.

  1. Would you consider the Conformance Criteria as auditable or not? That is, could you objectively evaluate if an organization was compliant with that criteria and what evidence would be used to justify that?
  2. Would you like to see examples added to specific conformance criteria regarding how or what an organization must do to meet the criteria? If yes, please include an example accordingly in the appropriate column found in the DIACC Comment Submission Spreadsheet.

Review Document: PCTF Automotive Identity Profile

Intellectual Property Rights:

Comments must be received within the 30-day comment period noted above. All comments are subject to the DIACC contributor agreement; by submitting a comment you agree to be bound by the terms and conditions therein. DIACC Members are also subject to the Intellectual Property Rights Policy. Any notice of an intent not to license under either the Contributor Agreement and/or the Intellectual Property Rights Policy with respect to the review documents or any comments must be made at the Contributor’s and/or Member’s earliest opportunity, and in any event, within the 30-day comment period. IPR claims may be sent to review@diacc.ca. Please include “IPR Claim” as the subject.

Process:

  • All comments are subject to the DIACC contributor agreement.
  • Submit comments using the provided DIACC Comment Submission Spreadsheet.
  • Reference the corresponding line number for each comment submitted.
  • Email completed DIACC Comment Submission Spreadsheet to review@diacc.ca.
  • Questions may be sent to review@diacc.ca.

Value to Canadians:

The DIACC’s mandate is to collaboratively develop and deliver resources to help Canadians to digitally transact with security, privacy, and convenience. The PCTF is one such resource and guides the digital trust and identity verification ecosystem interoperability by putting policy, standards, and technology into practice aligning with defined levels of assurance. The DIACC is a not-for-profit coalition of members from the public and private sector who are making a significant and sustained investment in accelerating Canada’s Identity Ecosystem.

Context:

The purpose of this review is to ensure transparency in the development and diversity of a truly Pan-Canadian, and international, input. In alignment with our Principles for an Identity Ecosystem, processes to respect and enhance privacy are being prioritized through every step of the PCTF development process.

DIACC expects to modify and improve this Recommendation based upon public comments. Comments made during the review will be considered for incorporation into the next iteration and DIACC will prepare a Disposition of Comments to provide transparency with regard to how each comment was handled.