Company numbers are identifiers issued by corporate registers to give certainty and clarity to legal entity information. When they are well-designed they are unique, persistent and unambiguous. The reason they are so important is that companies change their names relatively frequently, and legal names are even reused, meaning that such identifiers are the only way of categorically identifying legal entities.
Great news – it looks as if Europe is taking a huge step forward for corporate transparency and open data with the new Public Sector Information directive.
Buried deep in a consultation paper published by the UK’s Financial Conduct Authority (FCA) is some good news for open data: the FCA is considering making the Mutuals Public Register – a public record of building societies, credit unions and other registered societies – available as open data (currently, it’s charged for).
This is the third in a series of data-focused blog posts explaining what goes on behind the scenes when we bring a new jurisdiction into OpenCorporates.
This summer, the UK Department for Business, Energy and Industrial Strategy (BEIS) authored a draft bill to create a register of beneficial owners for overseas entities that own land in the UK. As part of our work advocating for more open company data, OpenCorporates responded to the public consultation on the draft legislation. A brief summary, and our full response, is available below.
Background: OpenCorporates has come a long way in the past 6 years, and is increasingly core infrastructure for the corporate world, not to mention an essential tool for journalists, investigators, NGOs and governments. It’s time to ensure that its corporate structure reflects and safeguards that position, ensuring it will always act in the public interest, … Continue reading A corporate structure for the public good, Part 2: basic structure
This is the second of our behind-the-scenes series of data-focused blog posts intended to help explain what happens when we introduce a new company jurisdiction to OpenCorporates. In the previous blog post we discussed how we find new sources of company data & choose the most appropriate one. In this, Part 2, we’re covering Analysis … Continue reading From company register to standardized open data, our processes explained – Part 2: Analysis