diff --git a/be/FunctionalEntities/FunctionalEntities.rdf b/be/FunctionalEntities/FunctionalEntities.rdf
index 2eb581d7d..fb8c553b3 100644
--- a/be/FunctionalEntities/FunctionalEntities.rdf
+++ b/be/FunctionalEntities/FunctionalEntities.rdf
@@ -12,8 +12,8 @@
     <!ENTITY fibo-fnd-aap-agt "http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/" >
     <!ENTITY fibo-fnd-rel-rel "http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/" >
     <!ENTITY fibo-fnd-org-fm "http://www.omg.org/spec/EDMC-FIBO/FND/Organizations/FormalOrganizations/" >
+    <!ENTITY fibo-fnd-pty-rl "http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/" >
     <!ENTITY fibo-be-le-lp "http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/" >
-    <!ENTITY fibo-be-le-lei "http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LEIEntities/" >
     <!ENTITY fibo-be-corp-corp "http://www.omg.org/spec/EDMC-FIBO/BE/Corporations/Corporations/" >
     <!ENTITY fibo-be-fct-fct "http://www.omg.org/spec/EDMC-FIBO/BE/FunctionalEntities/FunctionalEntities/" >
 ]>
@@ -31,8 +31,8 @@ xmlns:sm="http://www.omg.org/techprocess/ab/SpecificationMetadata/"
      xmlns:fibo-fnd-aap-agt="http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/"
      xmlns:fibo-fnd-rel-rel="http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/"
      xmlns:fibo-fnd-org-fm="http://www.omg.org/spec/EDMC-FIBO/FND/Organizations/FormalOrganizations/"
+     xmlns:fibo-fnd-pty-rl="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/"
      xmlns:fibo-be-le-lp="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/"
-     xmlns:fibo-be-le-lei="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LEIEntities/"
      xmlns:fibo-be-corp-corp="http://www.omg.org/spec/EDMC-FIBO/BE/Corporations/Corporations/"
      xmlns:fibo-be-fct-fct="http://www.omg.org/spec/EDMC-FIBO/BE/FunctionalEntities/FunctionalEntities/">
 
@@ -58,7 +58,6 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <skos:changeNote rdf:datatype="&xsd;string">The http://www.omg.org/spec/EDMC-FIBO/BE/20131101/FunctionalEntities/FunctionalEntities.rdf version of this ontology was modified per the issue resolutions identified in the FIBO BE 1.0 FTF report.</skos:changeNote>
         <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/FND/</sm:dependsOn>
         <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/</sm:dependsOn>
-        <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LEIEntities/</sm:dependsOn>
         <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/BE/Corporations/Corporations/</sm:dependsOn>
 
         <sm:contentLanguage rdf:datatype="&xsd;anyURI">http://www.w3.org/standards/techs/owl#w3c_all</sm:contentLanguage>
@@ -72,8 +71,8 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Organizations/FormalOrganizations/"/>
+        <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/"/>
-        <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LEIEntities/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/BE/Corporations/Corporations/"/>
 
    </owl:Ontology>
@@ -144,7 +143,7 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <rdfs:label>functional business entity</rdfs:label>
         <skos:definition rdf:datatype="&xsd;string">a business entity defined in terms of its function</skos:definition>
         <fibo-fnd-utl-av:explanatoryNote rdf:datatype="&xsd;string">The key distinguishing feature of a functional business entity is that it may itself be constituted as some kind of business or legal entity, but the definition of this entity does not depend on it always having one specific legal structure (for example, always being a limited company). This would define for example a bank, a special purpose vehicle, most government bodies and so on.</fibo-fnd-utl-av:explanatoryNote>
-        <rdfs:subClassOf rdf:resource="&fibo-be-le-lei;ContractuallyCapableEntity"/>
+        <rdfs:subClassOf rdf:resource="&fibo-fnd-pty-rl;AgentInRole"/>
         <rdfs:subClassOf>
             <owl:Restriction>
                 <owl:onProperty rdf:resource="&fibo-fnd-rel-rel;hasIdentity"/>
diff --git a/be/LegalEntities/CorporateBodies.rdf b/be/LegalEntities/CorporateBodies.rdf
index a191a078f..542887022 100644
--- a/be/LegalEntities/CorporateBodies.rdf
+++ b/be/LegalEntities/CorporateBodies.rdf
@@ -118,6 +118,7 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <skos:editorialNote rdf:datatype="&xsd;string">It is the laws of this jurisdiction that cause and allow the legal entity to exist and to incur debt and be sued at law as a legal entity.</skos:editorialNote>
         <rdfs:domain rdf:resource="&fibo-be-le-cb;Corporation"/>
         <rdfs:range rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
+        <rdfs:subPropertyOf rdf:resource="&fibo-be-le-lp;isOrganizedIn"/>
     </owl:ObjectProperty>
 
 
diff --git a/be/LegalEntities/LEIEntities.rdf b/be/LegalEntities/LEIEntities.rdf
index f46cfc27b..6696ee56a 100644
--- a/be/LegalEntities/LEIEntities.rdf
+++ b/be/LegalEntities/LEIEntities.rdf
@@ -11,8 +11,10 @@
     <!ENTITY fibo-fnd-utl-av "http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/" >
     <!ENTITY fibo-fnd-aap-agt "http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/" >
     <!ENTITY fibo-fnd-rel-rel "http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/" >
+    <!ENTITY fibo-fnd-plc-adr "http://www.omg.org/spec/EDMC-FIBO/FND/Places/Addresses/" >
     <!ENTITY fibo-fnd-pty-rl "http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/" >
     <!ENTITY fibo-fnd-law-jur "http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/" >
+    <!ENTITY fibo-be-le-lp "http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/" >
     <!ENTITY fibo-be-le-fbo "http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/FormalBusinessOrganizations/" >
     <!ENTITY fibo-be-le-lei "http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LEIEntities/" >
 ]>
@@ -28,8 +30,10 @@ xmlns:sm="http://www.omg.org/techprocess/ab/SpecificationMetadata/"
      xmlns:fibo-fnd-utl-av="http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/"
      xmlns:fibo-fnd-aap-agt="http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/"
      xmlns:fibo-fnd-rel-rel="http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/"
+     xmlns:fibo-fnd-plc-adr="http://www.omg.org/spec/EDMC-FIBO/FND/Places/Addresses/"
      xmlns:fibo-fnd-pty-rl="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/"
      xmlns:fibo-fnd-law-jur="http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/"
+     xmlns:fibo-be-le-lp="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/"
      xmlns:fibo-be-le-fbo="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/FormalBusinessOrganizations/"
      xmlns:fibo-be-le-lei="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LEIEntities/">
 
@@ -54,6 +58,7 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
 
         <skos:changeNote rdf:datatype="&xsd;string">The http://www.omg.org/spec/EDMC-FIBO/BE/20131101/LegalEntities/LEIEntities.rdf version of this ontology was modified per the issue resolutions identified in the FIBO BE 1.0 FTF report.</skos:changeNote>
         <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/FND/</sm:dependsOn>
+        <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/</sm:dependsOn>
         <sm:dependsOn rdf:datatype="&xsd;anyURI">http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/FormalBusinessOrganizations/</sm:dependsOn>
 
         <sm:contentLanguage rdf:datatype="&xsd;anyURI">http://www.w3.org/standards/techs/owl#w3c_all</sm:contentLanguage>
@@ -66,8 +71,10 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/"/>
+        <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Places/Addresses/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/"/>
+        <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/FormalBusinessOrganizations/"/>
 
    </owl:Ontology>
@@ -81,12 +88,13 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
     ///////////////////////////////////////////////////////////////////////////////////////
      -->
 
-    <owl:ObjectProperty rdf:about="&fibo-be-le-lei;isRecognizedIn">
-       <rdfs:label>recognized as such in</rdfs:label>
-        <skos:definition rdf:datatype="&xsd;string">The concept of what is considered legal, with respect to a legal entity, is a function of the jurisdiction in which it is recognized.</skos:definition>
-        <rdfs:domain rdf:resource="&fibo-be-le-lei;ContractuallyCapableEntity"/>
-        <rdfs:range rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
-   </owl:ObjectProperty>
+    <owl:ObjectProperty rdf:about="&fibo-be-le-lei;hasAddressOfLegalFormation">
+        <rdfs:label>has address of legal formation</rdfs:label>
+        <skos:definition rdf:datatype="&xsd;string">indicates the address of legal formation for the entity, in the jurisdiction in which the entity is established, used for registration purposes with respect to obtaining an LEI</skos:definition>
+      <rdfs:subPropertyOf rdf:resource="&fibo-be-le-fbo;hasRegisteredAddress"/>
+        <rdfs:domain rdf:resource="&fibo-be-le-lp;LegalEntity"/>
+        <rdfs:range rdf:resource="&fibo-be-le-fbo;RegisteredAddress"/>
+    </owl:ObjectProperty>
 
 
     <!-- 
@@ -105,38 +113,38 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <rdfs:subClassOf>
             <owl:Restriction>
                 <owl:onProperty rdf:resource="&fibo-fnd-rel-rel;hasIdentity"/>
-                <owl:onClass rdf:resource="&fibo-be-le-fbo;FormallyConstitutedOrganization"/>
+                <owl:onClass rdf:resource="&fibo-be-le-lp;LegalEntity"/>
                 <owl:qualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:qualifiedCardinality>
             </owl:Restriction>
         </rdfs:subClassOf>
+    </owl:Class>
+
+    <owl:Class rdf:about="&fibo-be-le-lp;LegalEntity">
         <rdfs:subClassOf>
             <owl:Restriction>
-                <owl:onProperty rdf:resource="&fibo-be-le-lei;isRecognizedIn"/>
-                <owl:onClass rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
+                <owl:onProperty rdf:resource="&fibo-fnd-aap-agt;isIdentifiedBy"/>
+                <owl:onClass rdf:resource="&fibo-be-le-lei;LegalEntityIdentifier"/>
                 <owl:qualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:qualifiedCardinality>
             </owl:Restriction>
         </rdfs:subClassOf>
     </owl:Class>
 
-
     <owl:Class rdf:about="&fibo-be-le-lei;LegalEntityIdentifier">
         <rdfs:label>legal entity identifier</rdfs:label>
-        <skos:definition rdf:datatype="&xsd;string">A code which uniquely identifies a formal business organization and is allocated to it as a result of it being recognized as being a contractually capable entity (ISO 17442 Legal Entity).</skos:definition>
-        <skos:editorialNote rdf:datatype="&xsd;string">This is at variance with the name of this identifier type, but is in line with the stated aim of the LEI initiative to which this identification code refers.</skos:editorialNote>
+        <skos:definition rdf:datatype="&xsd;string">an organization identifier that uniquely identifies a legal entity as defined in ISO 17442</skos:definition>
         <rdfs:subClassOf rdf:resource="&fibo-be-le-fbo;OrganizationIdentifier"/>
         <rdfs:subClassOf>
             <owl:Restriction>
                 <owl:onProperty rdf:resource="&fibo-fnd-aap-agt;identifies"/>
-                <owl:onClass rdf:resource="&fibo-be-le-fbo;FormallyConstitutedOrganization"/>
+                <owl:onClass rdf:resource="&fibo-be-le-lp;LegalEntity"/>
                 <owl:qualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:qualifiedCardinality>
             </owl:Restriction>
         </rdfs:subClassOf>
     </owl:Class>
 
-
     <owl:Class rdf:about="&fibo-be-le-lei;LegalEntityIdentifierScheme">
         <rdfs:label>legal entity identifier scheme</rdfs:label>
-        <skos:definition rdf:datatype="&xsd;string">The scheme under which the LEI code is defined.</skos:definition>
+        <skos:definition rdf:datatype="&xsd;string">the scheme that defines the LEI</skos:definition>
         <rdfs:subClassOf rdf:resource="&fibo-be-le-fbo;OrganizationIdentificationScheme"/>
         <rdfs:subClassOf>
             <owl:Restriction>
@@ -146,4 +154,28 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         </rdfs:subClassOf>
     </owl:Class>
 
+    <owl:Class rdf:about="&fibo-be-le-lei;MunicipalEntity">
+        <rdfs:label>municipal entity</rdfs:label>
+        <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;LegalEntity"/>
+        <owl:disjointWith rdf:resource="&fibo-be-le-lei;Sovereign"/>
+        <owl:disjointWith rdf:resource="&fibo-be-le-lei;SupranationalEntity"/>
+        <skos:definition rdf:datatype="&xsd;string">Municipal entity in the sense of a legal entity, that is, what it is that incurs debt for a municipality, i.e. the Municipality in the sense of the legal entity, as distinct from the Municipal government. Draft definition: The legal entity which is a city or municipality. This has a Government which sets laws applicable within the geographical area corresponding to this legal entity. It is identified as a legal entity as well as the setter of laws because it is able to incur debt in its own right.</skos:definition>
+    </owl:Class>
+
+    <owl:Class rdf:about="&fibo-be-le-lei;Sovereign">
+        <rdfs:label>sovereign</rdfs:label>
+        <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;LegalEntity"/>
+        <owl:disjointWith rdf:resource="&fibo-be-le-lei;SupranationalEntity"/>
+        <skos:definition rdf:datatype="&xsd;string">the legal person corresponding to a state or country</skos:definition>
+    </owl:Class>
+
+    <owl:Class rdf:about="&fibo-be-le-lei;SupranationalEntity">
+        <rdfs:label>supranational entity</rdfs:label>
+        <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;LegalEntity"/>
+        <skos:definition rdf:datatype="&xsd;string">a governmental or non-governmental entity that is established by international law or treaty or incorporated at an international level; an international organization, or union, whereby member states transcend national boundaries or interests to share in the decision-making and vote on issues pertaining to the wider grouping</skos:definition>
+        <fibo-fnd-utl-av:adaptedFrom rdf:datatype="&xsd;string">ISO 17442, Financial services - Legal Entity Identifier (LEI), section 3.2</fibo-fnd-utl-av:adaptedFrom>
+        <fibo-fnd-utl-av:adaptedFrom rdf:datatype="&xsd;anyURI">http://www.investopedia.com/terms/s/supranational.asp</fibo-fnd-utl-av:adaptedFrom>
+        <fibo-fnd-utl-av:explanatoryNote rdf:datatype="&xsd;string">The European Union and the World Trade Organization are both supranationals. In the EU, each member votes on policy that will affect each member nation. The benefits of this construct for the EU are the synergies derived from social and economic policies along with a stronger presence on the international stage.</fibo-fnd-utl-av:explanatoryNote>
+    </owl:Class>
+
 </rdf:RDF>
\ No newline at end of file
diff --git a/be/LegalEntities/LegalPersons.rdf b/be/LegalEntities/LegalPersons.rdf
index 296ecc0b8..eb7156beb 100644
--- a/be/LegalEntities/LegalPersons.rdf
+++ b/be/LegalEntities/LegalPersons.rdf
@@ -15,6 +15,7 @@
     <!ENTITY fibo-fnd-aap-ppl "http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/People/" >
     <!ENTITY fibo-fnd-pty-rl "http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/" >
     <!ENTITY fibo-fnd-pty-pty "http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Parties/" >
+    <!ENTITY fibo-fnd-law-jur "http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/" >
     <!ENTITY fibo-fnd-law-lcap "http://www.omg.org/spec/EDMC-FIBO/FND/Law/LegalCapacity/" >
     <!ENTITY fibo-be-le-lp "http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/" >
 ]>
@@ -36,6 +37,7 @@ xmlns:sm="http://www.omg.org/techprocess/ab/SpecificationMetadata/"
      xmlns:fibo-fnd-aap-ppl="http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/People/"
      xmlns:fibo-fnd-pty-rl="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/"
      xmlns:fibo-fnd-pty-pty="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Parties/"
+     xmlns:fibo-fnd-law-jur="http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/"
      xmlns:fibo-fnd-law-lcap="http://www.omg.org/spec/EDMC-FIBO/FND/Law/LegalCapacity/"
      xmlns:fibo-be-le-lp="http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/">
 
@@ -75,6 +77,7 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/People/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Parties/"/>
+        <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/"/>
         <owl:imports rdf:resource="http://www.omg.org/spec/EDMC-FIBO/FND/Law/LegalCapacity/"/>
 
     </owl:Ontology>
@@ -96,6 +99,20 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <rdfs:subPropertyOf rdf:resource="&fibo-fnd-rel-rel;designates"/>
     </owl:ObjectProperty>
 
+    <owl:ObjectProperty rdf:about="&fibo-be-le-lp;isOrganizedIn">
+        <rdfs:label>is organized in</rdfs:label>
+        <skos:definition rdf:datatype="&xsd;string">indicates the juridiction whose laws a legal entity is organized under</skos:definition>
+        <rdfs:domain rdf:resource="&fibo-be-le-lp;LegalEntity"/>
+        <rdfs:range rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
+        <rdfs:subPropertyOf rdf:resource="&fibo-be-le-lp;isRecognizedIn"/>
+    </owl:ObjectProperty>
+
+    <owl:ObjectProperty rdf:about="&fibo-be-le-lp;isRecognizedIn">
+        <rdfs:label>is recognized in</rdfs:label>
+        <skos:definition rdf:datatype="&xsd;string">indicates the jurisdiction whose laws determine what is meant by legal, with respect to a legal person</skos:definition>
+        <rdfs:domain rdf:resource="&fibo-be-le-lp;LegalPerson"/>
+        <rdfs:range rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
+   </owl:ObjectProperty>
 
     <!-- 
     ///////////////////////////////////////////////////////////////////////////////////////
@@ -121,8 +138,32 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <skos:definition rdf:datatype="&xsd;string">an entity, as a firm, that is not a single natural person, as a human being, authorized by law with duties and rights, recognized as a legal authority having a distinct identity, a legal personality</skos:definition>
         <fibo-fnd-utl-av:definitionOrigin rdf:datatype="&xsd;string">Black's Law Dictionary Free Online, see http://thelawdictionary.org/juridical-person/</fibo-fnd-utl-av:definitionOrigin>
         <rdfs:subClassOf rdf:resource="&fibo-fnd-org-fm;FormalOrganization"/>
+        <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;LegalEntity"/>
+    </owl:Class>
+
+    <owl:Class rdf:about="&fibo-be-le-lp;LegalEntity">
+        <rdfs:label>legal entity</rdfs:label>
         <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;LegalPerson"/>
         <owl:disjointWith rdf:resource="&fibo-be-le-lp;NaturalPerson"/>
+        <rdfs:subClassOf>
+            <owl:Restriction>
+                <owl:onProperty rdf:resource="&fibo-be-le-lp;isOrganizedIn"/>
+                <owl:onClass rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
+                <owl:qualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:qualifiedCardinality>
+            </owl:Restriction>
+        </rdfs:subClassOf>
+        <skos:definition rdf:datatype="&xsd;string">a partnership, corporation, or other organization having the capacity to negotiate contracts, assume financial obligations, and pay off debts, organized under the laws of some jurisdiction</skos:definition>
+        <fibo-fnd-utl-av:adaptedFrom rdf:datatype="&xsd;string">Barron's Dictionary of Banking Terms, Sixth Edition, 2012, definition of legal entity</fibo-fnd-utl-av:adaptedFrom>
+        <fibo-fnd-utl-av:adaptedFrom rdf:datatype="&xsd;string">ISO 17442, Financial services - Legal Entity Identifier (LEI), first edition, 2012-06-01, section 3.1</fibo-fnd-utl-av:adaptedFrom>
+        <skos:scopeNote rdf:datatype="&xsd;string">The term 'legal entities' includes, but is not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal contracts, regardless of whether they are incorporated or constituted in some other way (e.g. trust, partnership, contractual). It excludes natural persons, but includes governmental organizations and supranationals.</skos:scopeNote>
+        <skos:example rdf:datatype="&xsd;string">Examples of eligible legal entities include, without limitation:
+-   all financial intermediaries;
+-   banks and finance companies;
+-   all entities that issue equity, debt or other securities for other capital structures;
+-   all entities listed on an exchange;
+-   all entities that trade stock or debt, investment vehicles, including mutual funds, pension funds and alternative investment vehicles constituted as corporate entities or collective investment agreements (including umbrella funds as well as funds under an umbrella structure, hedge funds, private equity funds, etc.);
+-   all entities under the purview of a financial regulator and their affiliates, subsidiaries and holding companies;
+-   counterparties to financial transactions.</skos:example>
     </owl:Class>
 
     <owl:Class rdf:about="&fibo-be-le-lp;LegalPerson">
@@ -138,6 +179,13 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
                 <owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:minQualifiedCardinality>
             </owl:Restriction>
         </rdfs:subClassOf>
+        <rdfs:subClassOf>
+            <owl:Restriction>
+                <owl:onProperty rdf:resource="&fibo-be-le-lp;isRecognizedIn"/>
+                <owl:onClass rdf:resource="&fibo-fnd-law-jur;Jurisdiction"/>
+                <owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:minQualifiedCardinality>
+            </owl:Restriction>
+        </rdfs:subClassOf>
     </owl:Class>
 
     <owl:Class rdf:about="&fibo-be-le-lp;NaturalPerson">
@@ -189,7 +237,8 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
 
     <owl:Class rdf:about="&fibo-be-le-lp;StatutoryBody">
         <rdfs:label>statutory body</rdfs:label>
-        <skos:definition rdf:datatype="&xsd;string">A legal person which is created and given legal personhood by act of statute.</skos:definition>
+        <skos:definition rdf:datatype="&xsd;string">a body set up by a government to consider evidence and make judgements in some field of activity</skos:definition>
+        <fibo-fnd-utl-av:adaptedFrom rdf:datatype="&xsd;anyURI">http://www.collinsdictionary.com/dictionary/english/statutory-body</fibo-fnd-utl-av:adaptedFrom>
         <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;JuridicalPerson"/>
     </owl:Class>
 
diff --git a/be/Partnerships/Partnerships.rdf b/be/Partnerships/Partnerships.rdf
index b95ed89d7..d10670fb4 100644
--- a/be/Partnerships/Partnerships.rdf
+++ b/be/Partnerships/Partnerships.rdf
@@ -338,6 +338,7 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <rdfs:label>partnership</rdfs:label>
         <skos:definition rdf:datatype="&xsd;string">venture in which two or more legal entities carry out some business activities under a common identity</skos:definition>
         <skos:editorialNote rdf:datatype="&xsd;string">If the partnership doesn't limit the liability of the partners then the party to the contract is a natural person. If it does, then it's an artificial legal person (Body Corporate) - see Legally Incorporated Partnerships. Scope Note: This term of Partnership in the most general sense is ancestral to both of those.</skos:editorialNote>
+        <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;JuridicalPerson"/>
         <rdfs:subClassOf rdf:resource="&fibo-be-le-fbo;FormallyConstitutedOrganization"/>
         <rdfs:subClassOf>
             <owl:Restriction>
diff --git a/be/Trusts/Trusts.rdf b/be/Trusts/Trusts.rdf
index 9b4723257..b1cc265cf 100644
--- a/be/Trusts/Trusts.rdf
+++ b/be/Trusts/Trusts.rdf
@@ -282,6 +282,7 @@ Copyright (c) 2013-2015 Object Management Group, Inc.</sm:copyright>
         <rdfs:label>trust</rdfs:label>
         <skos:definition rdf:datatype="&xsd;string">A fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.</skos:definition>
         <skos:editorialNote rdf:datatype="&xsd;string">This is a legal agreement between parties that someone owns, and is thereby an asset that they own. They can be taxed on this as any other asset. There are generally accepted things such as the source of funds that will determine who the revenue agency will go after. Definition reference URL: http://www.investopedia.com/terms/t/trust.asp</skos:editorialNote>
+        <rdfs:subClassOf rdf:resource="&fibo-be-le-lp;JuridicalPerson"/>
         <rdfs:subClassOf rdf:resource="&fibo-be-le-fbo;FormallyConstitutedOrganization"/>
         <rdfs:subClassOf>
             <owl:Restriction>