Tuesday November 21 2017

News Source: Fund Regulation

Focus: MIFID and MIFIR

Type: General

Country: European Union




On 20th November 2017, the European Securities and Markets Authority (ESMA) published a presentation on LEI requirements under MiFID II.

Entities who are directly subject to the reporting requirements:

  • MiFID investment firms,
  • Trading Venues,
  • ARMs

Entities that are not directly subject to the reporting requirements but must be identified in the report with an LEI:

  • Clients
  • Issuers of financial instruments listed/traded on European trading venues, i.e. traditional exchanges, MTFs as well as new OTF venues (e.g. interdealer brokers)
  • Brokers, firm transmitting the order
  • Decision makers (incl. investment managers acting under discretionary mandate).
  • CCPs

A client who is a legal entity or structure, including a charity or trust, must make arrangements to obtain an LEI code if it wants its investment firm to continue to act on its instructions or make a decision to trade on its behalf from 3 January 2018 onwards.

Please click on the above link for more information.