Legal Entity Identifier Register - LEI

News

EIOPA-guidelines on the use of the Legal Entity Identifier (LEI)

10/24/2014: EIOPA has issued guidelines on the use of the Legal Entity Identifier (LEI) by national competent authorities to allow the use of these unique identification code for insurance and reinsurance undertakings across Europe. Unless their national regulator advises differently, regulated institutions that need to apply the Solvency II Directive must apply for their LEI(s) by 30 June next year. EIOPA also stated its support of the adoption of the LEI as a system for "achieving a unique, worldwide identification of parties to financial transactions".

More information - Guidelines on the use of the Legal Entity Identifier (LEI) (PDF 234 kB)

Latest information of the Regulatory Oversight Committee

07/08/2014: Latest information of the Regulatory Oversight Committee (ROC) concerning the establishment of the Global Legal Entity Indentifier Foundation (GLEIF) and associated renaming of Pre-LEI to LEI

Regulatory Oversight Committee Welcomes First Meeting of Global LEI Foundation (PDF 115 kB)

Establishment of the Global LEI Foundation (PDF 77 kB)

Basic information about the new identification requirements

06/24/2014: A basic information sheet about LEI is provided in the PDF file attached below.

LEI Basic info (PDF 1.1 MB)

PRESS RELEASE: Bundesanzeiger Verlag accredited under www.leireg.de as the official international issuing body of Pre-LEIs (Pre-Legal-Entity-Identifiers)

05/22/2014: As of 21 May 2014, the Bundesanzeiger Verlag has been accredited as the official international Pre-Legal-Entity-Identifier (Pre-LEI) issuing body by the Regulatory Oversight Committee with the support of BaFin (the Federal Financial Supervisory Authority).

The full press release is attached as a PDF file.

PRESS RELEASE (PDF 28 kB)

Official endorsement announcement from Regulatory Oversight Committee (ROC)

05/21/2014: The official announcement of the Bundesanzeiger Verlag’s endorsement is available under the link specified below.

Regulatory Oversight Committee Note of 21 May 2014 (PDF 159 kB)

From 02/12/2014: LEI required for derivative transactions

02/03/2014: Pursuant to Art. 9 of the EMIR regulation, companies are obligated to report the conclusion of all new derivative contracts, or the amendment or premature termination of existing derivative contracts, to a transaction register. This provision shall enter into force on 12 February 2014.

Submitted reports must quote a Legal Entity Identifier (LEI) for identification of the business participants (natural persons excepted). A LEI may be requested already now, as a provisional code in the CEIReg. This so-called Pre-LEI shall be used in EMIR Art. 9 reports until such time as the global LEI allocation system enters into force. Pre-LEIs will thereafter be converted to a final LEI, the number remaining unchanged.

For further information, please visit the BaFin website at Reporting obligation for derivatives.

Latest information of the ESMA concerning the Legal Entity Identifier

01/16/2014: The European Securities and Markets Authority (ESMA) informs about the latest Update on the Legal Entity Identifier in their letter of 22 October 2013. It is stated, that any Pre-LEI issued by any of the endorsed Pre-LOUs (Local Operating Units) of the Global Legal Entity Identifier System will be eligible for the identification of business transactions.

You will be able to find more information on this topic on the official homepage of the ESMA.