Cryptocurrency Q&A
What is the purpose of the FEI number?
What is the purpose of the FEI number?
Martino
Thu Sep 19 2024
|
5 answers
1043
Excuse me, could you please elaborate on the purpose of the FEI number? I understand it's associated with financial entities and possibly has some regulatory significance, but I'm not entirely clear on its exact function and why it's important. Could you please provide a concise explanation of what the FEI number stands for, its purpose, and how it's used in the finance industry? Thank you in advance for your clarification.
5 answers
Alessandra
Sat Sep 21 2024
The FDA Establishment Identifier, also known as the Firm Establishment Identifier (FEI), is a unique numerical code assigned by the Food and Drug Administration (FDA) to identify a particular firm. This system is designed to ensure the accurate tracking and monitoring of firms operating within the pharmaceutical and medical device industries.
Was this helpful?
284
32
SakuraPetal
Sat Sep 21 2024
During the process of registering or updating a firm's information with the FDA, multiple records (FEIs) may be created for the same firm due to the interaction of various FDA systems. This can lead to confusion and inefficiencies in the management of these records.
Was this helpful?
220
74
Ilaria
Fri Sep 20 2024
To address this issue, the FDA conducts an evaluation of the multiple FEIs assigned to a single firm. The purpose of this evaluation is to determine which FEI should be considered the primary or "surviving" FEI for the firm.
Was this helpful?
207
78
Martina
Fri Sep 20 2024
The surviving FEI is then used as the primary identifier for the firm across all FDA systems. This ensures that all relevant information about the firm is associated with a single, consistent identifier, making it easier for the FDA to monitor and regulate the firm's activities.
Was this helpful?
241
83
BitcoinWizardry
Fri Sep 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its customers, including spot trading, futures trading, and wallet management. These services are designed to provide users with a comprehensive and secure platform for buying, selling, and storing digital assets.
Was this helpful?
91
86
