Regulatory Alerts2020-09-24
Added · Updated
Recommendation of the European Systemic Risk Board on identifying legal entities
The European Systemic Risk Board recommends that the European Commission propose a Union legal framework requiring legal entities involved in financial transactions to obtain and maintain a Legal Entity Identifier (LEI). Until such legislation is adopted, relevant authorities are urged to require supervised entities to hold an LEI and to systematically use LEIs in financial reporting and public disclosures. The Commission must report on the implementation of the legislative proposal by 30 June 2023, while national authorities must report on interim measures by 31 December 2021.
Topics
Share