Regulatory Alerts2022-07-05 | NBB_2022_17Added · Updated
National Bank of Belgium Circular NBB_2022_17 on Legal Entity Identifier (LEI) Applicability
The National Bank of Belgium requires specific insurance, reinsurance, and mixed holding entities established under Belgian law to apply for and use a Legal Entity Identifier (LEI). This obligation applies to Belgian insurance and reinsurance companies, their branches in the European Economic Area, ultimate parent companies under Article 351 of the Supervision Act, mixed insurance holdings, and Belgian branches of third-country insurers. The circular also recommends that these entities obtain LEIs for their branches in third countries, third-country legal entities, and non-regulated group members to facilitate cross-border identification and reporting standardization.
Topics
Share