This Q&A clarifies the use of Legal Entity Identifiers (LEI) for the purpose of trade reporting to trade repositories.
The Q&A’s purpose is to promote common supervisory approaches and practices in the application of EMIR. It provides responses to questions posed by the general public, market participants and competent authorities.
The Q&As are aimed at national competent authorities to ensure convergent supervisory activities. It should also help investors and other market participants by providing clarity on the requirements under EMIR.
Press release
Full Q&A
See also: IMF-Participation in the Regulatory Oversight Committee of the Global Legal Entity Identifier
The Regulatory Reform blog says: The most recent previous update to the document occurred in August 2013. The only part which appears to have been updated since that time is the answer to question 10(b) within the ‘Part III: Trade Repositories’ section. The question asks “What code should be used to identify counterparties (LEIs, interim LEIs or BICs)?” for the purposes of trade reporting. The answer clarifies that a pre-LEI issued by any of the endorsed pre-LOUs (Local Operating Units) of the Global Legal Entity Identifier System may be used. The question also provides a link to a list of endorsed pre-LOUs.
Blog, 23.10.13
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