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ARTICLE · 23 AUGUST 2023

UK Financial Insights From Katten | Issue 2

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UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe.

United KingdomFinance and Banking
Christopher Collins
Christopher Collins
Peter Englund
Peter Englund
Carolyn Jackson
Carolyn Jackson
Nathaniel Lalone
Nathaniel Lalone
Ciara McBrien
Ciara McBrien
Neil Robson
Neil Robson
Trisha Sircar
Trisha Sircar
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UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe.

To read more issues of UK Financial Insights from Katten, please click here.

DTCC Announces Wind Down of Global Markets Entity Identifier Business

By Carolyn Jackson, Neil Robson, Nathaniel Lalone, Christopher Collins, Ciara McBrien

On July 27, the Depository Trust & Clearing Corporation (DTCC) announced its decision to exit the Global Markets Entity Identifier (GMEI) business by August 22. Through its GMEI business, DTCC issued Legal Entity Identifiers (LEIs) in more than 140 jurisdictions, representing approximately a 50 percent share of all LEIs issued worldwide. As part of the financial crisis regulatory reform, LEIs are required to be provided on most financial transactions, including derivatives transactions, to identify legal entities and their financial transactions in a globally

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