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ARTICLE · 26 JANUARY 2018

Legal Entity Identifiers: January 2018 Update

Arthur Cox
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Legal Entity Identifiers – January 2018 Update (including the recent 6 month grace period granted by ESMA from the MiFIR LEI requirements).

IrelandFinance and Banking
Phil Cody
Phil Cody
Robert Cain
Robert Cain
Kim O'Dowd
Kim O'Dowd
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A Legal Entity Identifier (LEI) is a global reference code which uniquely identifies a legal entity. It comprises a 20 digit alphanumeric code unique to the legal entity, and has been required for Transparency Directive purposes and for reporting under the European Market Infrastructure Regulation for some time. It is also relevant to certain other European directives and regulations, and has most recently been the subject of a 6-month grace period granted by ESMA to entities that are subject to transaction reporting obligations under the Markets in Financial Instruments Regulation.

ESMA confirmed in its Briefing: Legal Entity Identifier (LEI) in October 2017 that any legal entity can apply for an LEI, and that the term "legal entity" includes but is not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal

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