Following the financial crisis, the goal of the drivers of the Legal Entity Identifier (LEI) initiative – the Group of 20, the Financial Stability Board and many regulators around the world – was to use the LEI to create transparency in the derivatives markets. As demonstrated with the current LEI population, these efforts have generated excellent results. In many jurisdictions around the globe, public authorities rely on the LEI to evaluate risk, take corrective steps and, if required, minimize market abuse and improve the accuracy of financial data.

It is the prerogative of the authorities acting in individual jurisdictions to mandate the use of LEIs. The Global Legal Entity Identifier Foundation (GLEIF) closely monitors initiatives relevant to legal entity identification in regulatory reporting and supervision.

GLEIF issues a list which provides an overview of the current and proposed regulatory activities including the use of the LEI. We will update the list regularly. Should you find any missing upcoming legislation relevant to LEI adoption please provide feedback using our contact page.

To access the list , please click on this link:  22-01-2019-regulatory-use-of-the-lei (1)

About: GLEIF

Established by the Financial Stability Board in June 2014, the Global Legal Entity Identifier Foundation (GLEIF) is tasked to support the implementation and use of the Legal Entity Identifier (LEI). The foundation is backed and overseen by the LEI Regulatory Oversight Committee, representing public authorities from around the globe that have come together to jointly drive forward transparency within the global financial markets. GLEIF is a supra-national not-for-profit organization headquartered in Basel, Switzerland.

GLEIF makes available the Global LEI Index; i.e. the only global online source that provides open, standardized and high quality legal entity reference data. By doing so, GLEIF enables people and businesses to make smarter, less costly and more reliable decisions about who to do business with.

Source:  GLEIF