Why you will need a LEI if you are an insurance company or a pension fund

12/14/2015: Companies and groups supervised by the Federal Financial Supervisory Authority (BaFin) will be facing some changes in respect of mandatory reporting to the supervisory authority after the new supervisory regime pursuant to Solvency II launches on January 1, 2016. This will also apply to the use of the LEI regarding the reporting of companies and groups within the scope of the Solvency II guideline but also to the remaining companies, albeit to a lesser extent.

The BaFin for this reason published the Information Sheet on reporting for direct and reinsurance companies, insurance groups and pension funds(PDF 251 kB) for companies under its supervision. The source document is currently available in German only.

Specific information on reporting pursuant to Solvency II is given in Chapter 3. The LEI is defined as the identification number in Chapter 3.7.2 of the information on regular quantitative reporting to the supervisory authority. The ordinance on reporting requirements will prescribe the use of the LEI for the abovementioned purposes.

Should you still be without a LEI, you may apply for this via CEIReg - safely, conveniently and fast.