Source: https://www.leiroc.org/lei/uses.htm
Timestamp: 2018-08-21 09:38:38
Document Index: 7973318

Matched Legal Cases: ['Art. 26', 'Art. 26', 'Art. 3', 'Art 1', 'arts 275', 'art 4', 'arts 275', 'art 4', 'arts 275', 'art 45', 'art 45', 'art 46', 'arts 3', '§ 32', '§ 32', 'art 242', 'art 242', 'arts 15', 'art 45', 'arts 15', 'arts 230', 'arts 230', 'art 1003', 'arts 232', '§ 240', 'art 43', 'art 244', 'art 373', 'art 1234', 'art 246', 'art 267', 'art 43', 'art 244', 'art 373', 'art 1234', 'art 246', 'art 267', 'art 371', 'art 371', 'art 371', 'art 371', 'art 371', 'art 242', 'art 242', 'arts 200', 'art 35', 'art 45', 'arts 275', '§ 324', '§1817', '§161', '§1464', '§ 161', '§ 324', '§ 1844', '§ 1817', '§ 1467', '§ 1844', '§ 3106', '§ 5365', '§ 1464', '§ 161', '§ 324', '§ 1844', '§ 1467', '§ 1817', '§ 1464', '§ 161', '§ 1464', '§ 248', '§ 1467', '§ 1817', 'art 46', 'art 252', 'art 325', 'arts 229', 'art 49']

At the G-20 Summit of June 2012, the heads of state and government encouraged "global adoption of the LEI to support authorities and market participants in identifying and managing financial risks" (see paragraph 44 of the G20 Communiqué).
The Global LEI System was established for a large range of potential uses including the following:
by authorities of any jurisdiction or financial sector to assess systemic risk and maintain financial stability, conduct market surveillance and enforcement, supervise market participants, conduct resolution activities, prepare high quality financial data, and to undertake other official functions; and
by the private sector to support improved risk management, increased operational efficiency, more accurate calculation of exposures, and other needs.
In addition to the use of the LEI for derivatives reporting, which has entered into force in major markets, authorities are extending reporting requirements for the LEI, where appropriate, to the banking sector, securities issuance, investment holdings for insurance and funds, and other uses such as identification of firms in credit registers. The ROC and its members remain committed to support the introduction of the Global LEI System as a unique identifier of parties to financial transactions.
ROC members have committed to support the introduction of the Global LEI System for official or international identification purposes.
Examples of laws and regulations can be found in the LEI ROC Progress Report of 30 April 2018, including 91rules or draft rules using the LEI in 45jurisdictions (see Annex 1 of the report). The table of regulatory uses in Annex 1 of the report is also accessible as an Excel file. The simplified version below shows these 48 examples plus three examples added after the publication of the report (marked as NEW in the first column). Examples are also available on the Global LEI Foundation website (see here).
Reg ID Master/Base Regulation Local Reg ID Action Summary Description Groups being involved LEI is: number of LEIs Implementation by (Description): Link to source Requirement to keep LEI current Wording and source of requirement to keep the LEI current
AR01 Banco Central de la Republica Argentina, COMUNICACIÓN "A" 5642 of 7 October 2014 and COMUNICACIÓN "B" 11029 of 8 June 2015 Supervision of financial institutions: Financial institutions regulated by the Central Bank of Argentina are required to obtain an LEI (banks and non-banks financial institutions including financial companies). 80 07.Aug.15 http://www.bcra.gov.ar/pdfs/comytexord/a5642.pdf and http://www.bcra.gov.ar/pdfs/comytexord/b11029.pdf No
AU01 ASIC Derivative Transaction Rules (Reporting) 2013 (F2015C00262 ) Derivative reporting Identification of counterparties in OTC derivative reporting A few thousands Oct. 2014 to Oct. 2015 http://www.comlaw.gov.au/Details/F2015C00262 No
AU02 RG 223 Guidance on ASIC market integrity rules for competition in exchange markets Securities transaction reporting: Identification of the client that originated an order in the reporting of information about securities transactions from a market participant to a market operator. Option among several other identifiers Aug.13
AU03 NIL ASIC Derivative Transaction Rules (Clearing) 2015 (F2015L01960) Derivative transaction clearing: introducing a mandatory central clearing regime in Australia for over-the-counter (OTC) interest rate derivatives denominated in Australian dollars (AUD interest rate derivatives), and in US dollars, euros, British pounds and Japanese yen (G4 interest rate derivatives). The clearing mandate applies to Australian and foreign financial institutions that meet the clearing threshold. The LEI is requested for the identification of entities meeting the clearing threshold or opting in or out of the status of clearing entities. Australian and foreign financial institutions Requested https://www.legislation.gov.au/Details/F2015L01960 Unknown
AU04 APRA Reporting Standard ARS 221.0 Large Exposures Banking supervision: LEIs are requested for instance for twenty largest exposures and all those exposures exceeding or equal to 10% of Tier 1 Capital. Concerning government-related entities: twenty largest exposures and all those exposures exceeding or equal to 5% of Tier 1 Capital.
The rule instructs to report the LEI of the counterparty for each exposure or the LEI of the principal counterparty if the exposure is to a group of connected counterparties. Otherwise, report N/A if the counterparty or principal counterparty has no LEI Requested 01.Jan.19 http://www.apra.gov.au/adi/PrudentialFramework/Documents/Final%20Reporting%20standard%20-%20ARS%20221.0%20Large%20Exposures.pdf
BR1 RFB Normative Instruction No. 1,634 Business registry
the CNPJ (National Registry of Legal Entity), which includes information on entities of interest to the federal, state, the Federal District and the municipalities will include the LEI for entities that have this identifier Unknown
CA01 ONTARIO SECURITIES COMMISSION RULE 91-507 TRADE REPOSITORIES AND DERIVATIVES DATA REPORTING
Derivative reporting: Identification of each counterparty (and reporting agent if applicable), clearing agency, clearing member, broker/clearing intermediary and electronic trading venue to a transaction in the recordkeeping and reporting of a derivative transaction subject to the reporting requirements
Applies in Ontario, Manitoba and Quebec Clearing agency, clearing member, broker, trading venue, reporting & non-reporting counterparties, agent reporting the transaction Required 16000-20000 31.Oct.14 http://www.osc.gov.on.ca/en/SecuritiesLaw_rule_20160512_91-507_derivatives-data-reporting.htm;
Yes Section 28.1 requires that each local counterparty, other than an individual and those not eligible to receive an LEI, that is party to a transaction that is required to be reported to a designated trade repository obtain, maintain and renew an LEI, regardless of whether the local counterparty is the reporting counterparty. 28.1 --- Maintenance of an LEI means ensuring that the reference data associated with the LEI assigned to the local counterparty is updated with all relevant and accurate information in a timely manner. --- Renewal of an LEI means providing the associated Local Operating Unit with acknowledgement that the reference data associated with the LEI assigned to the local counterparty is accurate.
CA02 Multilateral Intrument 96-101 Trade Repositories and Derivatives Data Reporting Final Rule Derivative reporting: Identification of each counterparty (and reporting agent if applicable), clearing agency, clearing member, broker/clearing intermediary and electronic trading venue to a transaction in the recordkeeping and reporting of a derivative transaction subject to the reporting requirements
Applies in Alberta, British Columbia, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island and Yukon Clearing agency, clearing member, broker, trading venue, reporting & non-reporting counterparties, agent reporting the transaction Required 29 July 2016 6 Paragraphs 27 and 28 of theMultilateral Intrument 96-101 Trade Repositories and Derivatives Data Reporting- https://www.bcsc.bc.ca/Securities_Law/Policies/Policy9/Group/?group=96%20101 Yes A person that is eligible to receive a legal entity identifier as determined by the Global LEI System, other than an individual, that is a local counterparty to a derivative required to be reported under this Instrument, must (a) before executing a transaction, obtain a legal entity identifier assigned in accordance with the requirements imposed by the Global LEI System, and (b) for as long as it is a counterparty to a derivative required to be reported under this Instrument, maintain and renew the legal entity identifier referred to in paragraph (a).
CA03 RULE 2800C
TRANSACTION REPORTING FOR DEBT SECURITIES IIROC Notice 14-0250 on the master regulation Fixed income transaction reporting: IIROC Dealer Members must confidentially report details of all fixed income transactions to IIROC, including the LEI (if the entity has one) of the reporting Dealer Member and of the trade counterparty if that counterparty is another IIROC Dealer Member, Bank, Inter-Dealer Bond Broker (IDBB), or Alternative Trading System (ATS). If the counterparty is a customer, the LEI of the customer may be provided optionally Required for dealer members, dealer member as a counterparty, trading venue, clearing house; Optional for their customers Requested Less than 300 1 November 2015 http://www.iiroc.ca/Documents/2014/1e5d1c52-fd61-4e93-b16f-abc26e72234c_en.pdf Unknown
CA04 National Instrument 45-106 NIL Securities regulation: entities who rely on exemptions to file a prospectus to distribute securities are required to file a report with the relevant Canadian securities commissions which include the LEI of the issuers if they have one Securities issuers Requested 30.Jun.16 http://www.albertasecurities.com/Regulatory%20Instruments/5233703-CSA_Notice_NI_45-106.pdf No
CA05 National Instrument 94-102 Derivatives: Customer Clearing and
Protection of Customer Collateral and Positions and Related Companion Policy Derivatives reporting - cleared derivatives
The identification of the customer of a clearing intermediary would include the LEI of the customer (if the customer is eligible to obtain an LEI as determined by the Global Legal Entity Identifier System). customers of cleared derivatives Required 3 July 2017 http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_20170119_94-102_customer-clearing.htm Yes (covers a subset of the population already covered by other regulation on LEI uses for derivatives reporting, which require a current LEI)
CH01 NIL Financial Market Infrastructure Act (FMIA) Derivative transaction reporting: Identification of reporting entities and reporting counterparties, in certain instances: identification of (i) non-reporting counterparties, (ii) clearing member of reporting counterparty, (iii) CCPs Parties involved in derivative transactions Required ((in certain instances, LEI requested / other identifiers allowed) Entered into effect 1 January 2016 - German
o Act (FMIA): https://www.admin.ch/opc/de/classified-compilation/20141779/index.html
o Ordinance (FMIO): https://www.admin.ch/opc/de/classified-compilation/20152105/index.html
- English (unofficial translations)
o Act (FMIA): https://www.admin.ch/opc/en/classified-compilation/20141779/index.html
o Ordinance (FMIO): https://www.admin.ch/opc/en/classified-compilation/20152105/index.html Yes For certain reported LEIs, a "valid" LEI is required
CH02 NIL FINMA Circular 2018/2 (Duty to report securities transactions) Securities transactions reporting: Identification of beneficial owner (for legal entities, foundations, collective investment schemes) Parties involved in securities transactions Requested (other identifiers allowed) As from 1 January 2018 https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/rundschreiben/finma-rs-2018-02.pdf?la=en
CN01 Measures for the Registration of Pledged Receivables (Revised), Order of the People's Bank of China, 2017 No 3 Pledged receivables: Institutional pledgors or pledgees of the Registration System of Pledged Receivables should provide identifiers such as business registration number, uniform social credit code, LEI. Institutional pledgeors and pledgees in the Registration System of Pledged Receivables Option among several other identifiers 01.Dec.17 For Chinese: http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3407871/index.html
http://www.pbc.gov.cn/english/130721/3421031/index.html No
EU01 Article 16(3) of the EBA Regulation EBA RECOMMENDATION ON THE USE OF LEGAL ENTITY IDENTIFIER (LEI) - EBA/REC/2014/01 - 29 January 2014 - Banking supervision: Competent authorities in Member States should require that all credit and financial institution in the European Union subject to reporting obligations under Regulation (EU) No 575/2013 obtain an LEI and use it to fulfil their reporting obligations Credit and financial institutions Required 31 March 2014 to 31 December 2014 depending on the institution https://www.eba.europa.eu/documents/10180/561173/EBA-REC-2014-01+%28Recommendation+on+the+use+of+the+Legal+Entity+Identifier%29.pdf Unknown
EU02 Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions Banking supervision: reporting to EBA of data on Large exposures, as well as identifying entities within the consolidated group. The EBA Q&A of 7 March 2014 admits that the LEI field can be left empty when an LEI is not available, provided the alternative code field is used Counterparties of credit and financial institutions and group entities of credit and financial institutions Requested Mar.14 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AJOL_2014_191_R_0001 Annex III, F 40.01 column 010 and Annex I, C 06.02 column 025 (information on affiliates)
Consolidated version as of 9 November 2017:
https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1522174960870&uri=CELEX:02014R0680-20180301
https://www.eba.europa.eu/single-rule-book-qa?p_p_id=questions_and_answers_WAR_questions_and_answersportlet&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&p_p_col_id=column-1&p_p_col_pos=1&p_p_col_count=2&_questions_and_answers_WAR_questions_and_answersportlet_jspPage=%2Fhtml%2Fquestions%2Fviewquestion.jsp&_questions_and_answers_WAR_questions_and_answersportlet_viewTab=1&_questions_and_answers_WAR_questions_and_answersportlet_questionId=427910&_questions_and_answers_WAR_questions_and_answersportlet_statusSearch=1
EU03 Article 16 of EIOPA's Founding Regulation (EU)
No 1094/2010 EIOPA's Guidelines on the use of LEI
[EIOPA-BoS-14-026] Supervision of the insurance and institutions for occupational retirement provision (IORP) sectors
National competent authorities in Member States should request that all insurance institutions and institutions for occupational retirement provision (IORP) under their supervision obtain an LEI, that the LEI be consistently used for national reporting, and used for reporting to EIOPA.
Guidelines are subject to comply or explain; they are not regulatory or implementing technical standards. I.e. in accordance with Article 16(3) of the EIOPA Regulation competent authorities and financial institutions shall make every effort to comply with guidelines and recommendations. Insurance institutions and institutions for occupational retirement provision (IORP) Required 5,000-6,000 (insurance);
140,000 to 250,000 (IORP) By 30 June 2015 for institutions subject to Solvency II;
By 30 June 2016 for other institutions. https://eiopa.europa.eu/Publications/Guidelines/LEI_GLs_EN_ORI.pdf No
EU04 DIRECTIVE 2009/138/EC
(Solvency II Framework) COMMISSION IMPLEMENTING REGULATION (EU) 2015/2450 of 2 December 2015 laying down implementing technical standards with regard to the templates for the submission of information to the supervisory authorities according to Directive 2009/138/EC of the European Parliament and of the Council
COMMISSION IMPLEMENTING REGULATION (EU) 2015/2452 of 2 December 2015 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report in accordance with Directive 2009/138/EC of the European Parliament and of the Council Insurance Supervision
The LEI to be used in priority (if existent) as an Identification code of the undertaking.
The LEI is to be used in priority (if existent) to identify all undertakings in the scope of the group in the meaning of Article 212(1)(c) of Directive 2009/138/EC. Participating insurance and reinsurance undertakings, insurance holding companies, mixed financial holding companies or mixed activity insurance holding company Requested 4,000 (Solvency II reporting insurance) Entry into force of Regulations 2015/2450: 1 January 2016;
2015/2452: 20 January 2016. https://eur-lex.europa.eu/eli/reg_impl/2015/2450/oj;
https://eur-lex.europa.eu/eli/reg_impl/2015/2452/oj No
EU05 Regulation (EU) No 648/2012 (EMIR- European Market Infrastructure Regulation) COMMISSION IMPLEMENTING REGULATION (EU) No 1247/2012 of 19 December 2012, as amended by COMMISSION IMPLEMENTING REGULATION (EU) 2017/105 of 19 October 2016
(Text with EEA relevance) Derivative transactions reporting: Identification of the entities involved in a derivative contract (counterparties; beneficiary; broking entity; CCP; clearing member; entity submitting a report) and of the underlying of a derivative contract.
Trade Repositories supervised by ESMA are instructed to validate the LEIs used in regulatory reporting, including format validation and validation against the GLEIF database. TRs should reject the reports that fail their validation checks.
While other codes were allowed in the initial version of regulation of the regulation 1247/2012, where an LEI was not available, a Q&A brought a clarification, and the regulation 2017/105 deleted the reference to other codes, effective 1 November 2017. Parties involved in derivative transactions: counterparties, beneficiary, clearing member, CCP, broker, reference entity, reporter etc. Required 350000 http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:352:0020:0029:EN:PDF
ESMA validation rules to be applied by Trade Repositories: https://www.esma.europa.eu/press-news/esma-news/esma-updates-emir-validation-rules.
ESMA consultation on review of standards for reporting:
Regulation 2017/105: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32017R0105.
Q&A: https://www.esma.europa.eu/sites/default/files/library/esma70-1861941480-52_qa_on_emir_implementation.pdf
Information page on derivatives trade reporting: https://www.esma.europa.eu/policy-rules/post-trading/trade-reporting Yes Yes for reporting entity.Q&A for Regulation (EU) No 648/2012 (EMIR) clarifies that an LEI issued by, and duly renewed and maintained according to the terms of, any of the endorsed pre-LOUs should be used to identify the counterparties. Under the validation rules (version 1 March 2018) for the counterparty other than the reporting entity, field shall be populated with a valid LEI included in the GLEIF database maintained by the Central Operating Unit. The status of the LEI shall be "Issued", "Lapsed", "Pending transfer" or "Pending archival". Lapsed LEIs are not allowed for the reporting counterparty.
The Q&A (q4) states:" While issuers of financial instruments should ensure that their LEI is renewed according to the terms of any of the accredited Local Operating Units of the Global Entity Identifier System,
under Article 3(2) of RTS 23 operators of trading venues and systematic internalisers are not
expected to ensure that the LEI pertaining to the issuer of the financial instrument has been
EU06 Directive 2011/61/EU of the European Parliament and of the
Council of 8 June 2011 on Alternative Investment Fund Managers (AIFMD) ESMA Guidelines on reporting obligations under Articles 3(3)(d) and 24(1), (2) and (4) of the
AIFMD Identification of managers of alternative investment funds (AIF) as well as prime broker, companies in which the AIF has a dominant influence, certain counterparties, five largest sources of borrowed cash or securities, when an LEI is available managers of alternative investment funds (AIF) as well as prime broker, companies in which the AIF has a dominant influence, certain counterparties, five largest sources of borrowed cash or securities, Requested 7000 Aug.14 http://www.esma.europa.eu/content/Guidelines-reporting-obligations-under-Articles-33d-and-241-2-and-4-AIFMD-0 No
EU07 Regulation (EC) No 1060/2009 Commission Delegated Regulation (EU) 2015/1 of 30 September 2014 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards for the periodic reporting on fees charged by credit rating agencies for the purpose of ongoing supervision by the European Securities and Markets Authority Text with EEA relevance Identification of credit rating agencies in the reporting of fees charged to their clients Credit rating agencies Required 40 Q1 2016 http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1428494389130&uri=CELEX:32015R0001 (Annex I, field 2 of tables 1 to 4) No
EU08 Regulation (EC) No 1060/2009 Commission Delegated Regulation (EU) 2015/2 of 30 September 2014 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards for the presentation of the information that credit rating agencies make available to the European Securities and Markets Authority Text with EEA relevance Credit rating agencies regulation Identification of (i) credit rating agencies; (ii) entities for which credit ratings have been issued (iii) in case of the subsidiary of a rated parent, the parent entity; (iv) in case of credit ratings on structured finance instruments, the identification of the originator. Credit rating agencies; entities being rated; Originator of the structured finance instruments being rated Required if entity is eligible
(but alternatives envisaged until LEI available / more widely used) Maximum 50,500
(multiple counts for entities rated by several agencies) March 2016 http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1428495271399&uri=CELEX:32015R0002 No
EU09 Regulation (EC) No 1060/2009 REGULATION (EU) 2015/3 (supplementing Regulation (EC) No 1060/2009) Financial market regulation Identification of the issuer of structured finance instruments Issuer of structured finance instruments Required - 1 January 2017 http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1428504312070&uri=CELEX:32015R0003 No
EU10 Regulation (EU) No 600/2014 MiFIR & DIRECTIVE 2014/65/EU MIFID II Commission Delegated Regulation (EU) 2017/585 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the data standards and formats for financial instrument reference data and technical measures in relation to arrangements to be made by the European Securities and Markets Authority and competent authorities (Text with EEA relevance. ) Financial market regulation Obligation for European trading venues and systematic internalisers to supply financial instruments reference data, including the LEI of the issuer of financial instruments that are subject to transaction reporting obligations under Art. 26 MiFIR Issuer of financial instruments Required At least 7000 (securities admitted to trading on a regulated market) 03.Jan.18 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.087.01.0368.01.ENG&toc=OJ:L:2017:087:TOC No
EU11 Regulation (EU) No 600/2014 MiFIR & DIRECTIVE 2014/65/EU MIFID II Commission Delegated Regulation (EU) 2017/590 of 28 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities (Text with EEA relevance. ) Transaction reporting in financial instruments: identification of the investment firms and their clients subject to transaction reporting obligation under Art. 26 MiFIR[2].
Regulation EU 600/2014; the reporting obligation applies to: "a) financial instruments which are admitted to trading or traded on a trading venue or for which a request for admission to trading has been made; (b) financial instruments where the underlying is a financial instrument traded on a trading venue; and (c) financial instruments where the underlying is an index or a basket composed of financial instruments traded on a trading venue. The obligation shall apply to transactions in financial instruments referred to in points (a) to (c) irrespective of whether or not such transactions are carried out on the trading venue.
Investment firms are required to ensure that the reference data related to their LEI is renewed according to the terms of any of the accredited Local Operating Units of the GLEIS.
Investment firms are required to obtain the LEI of their clients, validate the format and content of the LEI code against ISO 17442 and the global LEI database maintained by the Central Operating Unit. Investment firms cannot provide a service that would trigger the obligation of an investment firm to submit a transaction report for a transaction entered into on behalf of a client who is eligible for an LEI, prior to the LEI being obtained from that client. Investment firms and their clients involved in financial instrument transactions Issued LEIs Required (if the entity is eligible for an LEI/if the client is a legal entity) 03.Jan.18 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.087.01.0449.01.ENG&toc=OJ:L:2017:087:TOC
ESMA Guidance on transaction reporting, order record keeping and clock synchronisation under MIFID II: https://www.esma.europa.eu/press-news/esma-news/esma-provides-guidance-transaction-reporting-order-record-keeping-and-clock Yes for investment firms Commission Delegated Regulation 2017/590 specifies that investment firms responsible for execution of transactions should ensure that they are identified in the transaction report submitted pursuant to their transaction reporting obligation using validated, issued and duly renewed LEIs.
EU12 Regulation (EU) No 600/2014 MiFIR & DIRECTIVE 2014/65/EU MIFID II Commission Delegated Regulation (EU) 2017/580 of 24 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the maintenance of relevant data relating to orders in financial instruments (Text with EEA relevance. ) Financial market regulation Order record keeping requirements for EU trading venues: identification of members or participants in the venue, non-executing brokers and clients that submit orders. Members or participants in trading venues, non-executing brokers and clients that submit orders Required (same as above for clients) 03.Jan.18 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.087.01.0193.01.ENG&toc=OJ:L:2017:087:TOC
ESMA Guidance on transaction reporting, order record keeping and clock synchronisation under MIFID II: https://www.esma.europa.eu/press-news/esma-news/esma-provides-guidance-transaction-reporting-order-record-keeping-and-clock No Would be required under the current text if governance principles of the GLEIS required it
EU13 Regulation (EU) No 600/2014 MiFIR & DIRECTIVE 2014/65/EU MIFID II (i) Commission Delegated Regulation (EU) 2017/575 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards concerning the data to be published by execution venues on the quality of execution of transactions (Text with EEA relevance. )
(ii) Commission Delegated Regulation (EU) 2017/576 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the annual publication by investment firms of information on the identity of execution venues and on the quality of execution (Text with EEA relevance. ) Financial market regulation Execution venues must publish data on the quality of execution of transactions - the execution venues to be identified by LEI or Market Identifier Code.
Investment firms must publish data on the identity of top five execution venues for each class of financial instruments - the execution venues to be identified by LEI or Market Identifier Code. Execution venues purely optional/other identifiers allowed even if the entity has an LEI 03.Jan.18
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32017R0575
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32017R0576 No
EU14 Regulation (EU) No 600/2014 MiFIR Commission Delegated Regulation (EU) 2016/2022 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards concerning the information for registration of third-country firms and the format of information to be provided to the clients (Text with EEA relevance )
ESMA/2015/1006 (Based on Regulation (EU) No 600/2014 MiFIR) Financial market regulation Third country firm applying for the provision of investment services or performance of activities in the EU shall submit to ESMA their LEI
Third country firm applying for the provision of investment services or performance of activities in the EU Requested 3 January 2018 (Draft RTS submitted to European Commission on 30 June 2015) http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1521651657434&uri=CELEX:32016R2022
http://www.esma.europa.eu/system/files/2015-esma-1006_-_mifid_ii_final_report_on_mifid_ip_technical_standards.pdf
Draft RTS under Article 46(7) of MiFIR No
EU15 EU Regulation on market abuse (MAR) COMMISSION IMPLEMENTING REGULATION (EU) 2016/523 of 10 March 2016 laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council Financial market regulation MAR aims at enhancing market integrity and investor protection. To this end MAR updates and strengthens the existing framework by extending its scope to new markets and trading strategies and by introducing new requirements. For reporting of Managers' dealing: identification of issuer, emission allowances market participants, auction platform, auctioneer or auction monitors concerned by the reporting and public disclosure of the transactions conducted by their managers
Issuers, emission allowance market participants, auction platforms, auctioneers or auction monitors Required
Implementation by 3 July 2016 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2016.088.01.0019.01.ENG&toc=OJ:L:2016:088:TOC No
EU16 NIL
COMMISSION DELEGATED REGULATION (EU) 2016/1437 of 19 May 2016 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on access to regulated information at Union level Financial market regulation: Identification of issuers whose securities are admitted to trading on regulated markets
The LEI is the unique identifier for all issuers to be used by official appointed mechanism to report information to the European Electronic Access Point (EAAP) operated by ESMA to facilitate the search for regulated information on issuers, such as financial and audit reports, payments to governments, home member state, inside information, major shareholding notifications and more generally information required to be disclosed by issuers under Art. 3 of Directive 2004/109/EC. Issuers whose securities are admitted to trading on regulated markets Required (if eligible to an LEI) 7,000 Implementation by 1 Jan. 2017 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32016R1437 No
EU17 Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories COMMISSION IMPLEMENTING REGULATION (EU) 2017/394 of 11 November 2016 laying down implementing technical standards with regard to standard forms, templates and procedures for authorisation, review and evaluation of central securities depositories, for the cooperation between authorities of the home Member State and the host Member State, for the consultation of authorities involved in the authorisation to provide banking-type ancillary services, for access involving central securities depositories, and with regard to the format of the records to be maintained by central securities depositories in accordance with Regulation (EU) No 909/2014 of the European Parliament and of the Council Financial market regulation: Identification of (1) Central Securities Depositories (CSDs), CSD participants, settlement banks, issuers, (2) CSD participants' clients (legal persons) where known to the CSD (1) Central Securities Depositories (CSDs), CSD participants, settlement banks, issuers, (2) CSD participants' clients (legal persons) where known to the CSD Required (except use (2), optional 40 CSDs;
26,000 CSD participants;
7,000 issuers 31 March 2017 for entry into force of COMMISSION IMPLEMENTING REGULATION (EU) 2017/394
Some LEI related provisions may have a later date. http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32017R0394&from=EN#.pdf
Q&A: https://www.esma.europa.eu/sites/default/files/library/esma70-708036281-2_csdr_qas.pdf Yes The Q&A specifies that: "The notary function is a core service provided by a CSD. The CSD has a responsibility to verify that it has the correct credentials in place for issuers that wish to issue securities into its system. The CSD should verify that the LEI is for the correct entity, and that it is current (i.e. the status of the LEI shall be either "Issued", "Pending Transfer" or "Pending archival")."
EU18 Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate Commission Delegated Regulation (EU) 2015/2303 of 28 July 2015 supplementing Directive 2002/87/EC of the European Parliament and of the Council with regard to regulatory technical standards specifying the definitions and coordinating the supplementary supervision of risk concentration and intra-group transactions Financial conglomerate supervision: reporting of significant transactions between group entities, and of significant risk concentration by counterparties and groups of interconnected counterparties, geographical areas, economic sectors, currencies, identifying the names, company register numbers or other identification numbers of the relevant group companies of the financial conglomerate and their respective counterparties, including LEI, where applicable Financial conglomerates and their significant counterparties Requested http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2015.326.01.0034.01.ENG No
EU19 EU Regulation on market abuse (MAR) COMMISSION DELEGATED REGULATION (EU) 2016/957 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the appropriate arrangements, systems and procedures as well as notification templates to be used for preventing, detecting and reporting abusive practices or suspicious orders or transactions Financial market regulation For reporting of suspicious transactions and orders to authorities: identification of (i) the reporting entity and (ii) the suspected entity (as part of the prevention of insider dealing, market manipulation or attempted insider dealing or market manipulation) Report entities and suspected entities of suspicious transactions Requested Implementation by 3 July 2016
http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R0957&from=EN
EU20 NIL European Banking Authority XBRL Filing Rules Taxonomy v.4.1 of 11 August 2015
EBA/XBRL/2015/06 Bank supervision - regulatory reporting: requirement for LEI codes pre-registered with the European Banking Authority (EBA) by the relevant National Supervisory Authorities (NSA) to be used as entity identifier in 2nd level remittance (ie reporting from the NSA to EBA) (introduced in V.2 of March 2014). Required https://www.eba.europa.eu/documents/10180/1739059/EBA+XBRL+Filing+Rules+v4.1.pdf
EU21 Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories COMMISSION IMPLEMENTING REGULATION (EU) 2017/393 of 11 November 2016 laying down implementing technical standards with regard to the templates and procedures for the reporting and transmission of information on internalised settlements Financial market regulation: Identification of settlement internalisers Settlement internalisers Required April 2019 (first report submitted within 10 working days from the end of the first quarter following 10 March 2019) http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32017R0393&from=EN#.pdf
Master REGULATION (EU) 2015/2365 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance) Securities Financing Transactions Regulation (SFTR) will require:
all securities financing transactions (SFTs) to be reported to recognised trade repositories;
the disclosure by investment funds of their use of SFTs and total return swaps (TRS) to investors in pre-investment documentation and regular reports; and express consent from, and disclosure of risks to counterparties entering into rights of use and title transfer collateral arrangements in relation to securities. Parties to the security financing transactions and the beneficiaries of the rights and obligations arising therefrom Required expected: Q3 2018 http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015R2365&from=EN
related draft regulations published in March 2017:
https://www.esma.europa.eu/sites/default/files/library/esma70-708036281-82_2017_sftr_final_report_and_cba.pdf
EU23 Regulation (EU) No 1227/2011 (REMIT) Commission Implementing Regulation (EU) No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency Text with EEA relevance Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) - data reporting implementation instruction for wholesale energy contracts both in relation to the supply of electricity and natural gas and for the transportation of those commodities. LEI is one of the identifiers used to report standard and non-standard contracts for the supply of electricity or natural gas
Organised Market Places should register with the Agency for the Cooperation of Energy Regulators (ACER) with at least one of the following codes which are relevant for transaction reporting: Legal Entity Identifier (LEI) code, Market Identifier Code (MIC). For market participants, the Q&A states that "any EIC, BIC, GS1 or LEI code used for reporting purposes must be provided with the registration as market participant" Parties involved in wholesale energy contracts Option among several other identifiers http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R1348
Q&A: https://documents.acer-remit.eu/questions-answers-on-remit/ No
EU24 Regulation (EU) No 596/2014 (MAR) Commission Implementing Regulation (EU) 2016/378 of 11 March 2016 laying down implementing technical standards with regard to the timing, format and template of the submission of notifications to competent authorities according to Regulation (EU) No 596/2014 of the European Parliament and of the Council (Text with EEA relevance) Securities regulation - prevention of market abuse: The text requires an LEI for the the entities described in the next column. This applies when market operators of regulated markets and investment firms and market operators operating an MTF or an OTF notify the competent authority of the trading venue of any financial instrument for which a request for admission to trading on their trading venue is made, which is admitted to trading, or which is traded for the first time. Issuer or operator of the trading venue identifier, Underlying issuer of Derivatives and Securitised Derivatives related fields Required http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R0378&from=EN No
EU25 REGULATION (EU) 2016/867 OF THE EUROPEAN CENTRAL BANK of 18 May 2016 on the collection of granular credit and credit risk data (ECB/2016/13) AKA "Anacredit" Regulation Credit registry: Article 9 - Identification of counterparties - 1.For the purpose of reporting pursuant to this Regulation, reporting agents and NCBs shall identify counterparties using: (a) an LEI, where such an identifier has been assigned; or (b) if no LEI has been assigned, a national identifier, as further detailed in Annex IV. Reporting agents (banks) and their counterparties (legal entities only) Required for reporting agents, requested for counterparties No new LEIs expected. Reporting agents already have one for EBA reporting and for counterparties the code is requested. 1 September 2018 https://www.ecb.europa.eu/stats/money_credit_banking/anacredit/html/index.en.html
guidelines: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32017O0038&from=EN
EU26 Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments COMMISSION IMPLEMENTING REGULATION (EU) 2017/1093 of 20 June 2017 laying down implementing technical standards with regard to the format of position reports by investment firms and market operators(Text with EEA relevance) Securities regulation - Commodity derivatives and emission allowances
Investment firms trading in commodity derivatives or emission allowances or derivatives thereof outside a trading venue shall provide competent authorities with the breakdown of their positions and the positions of their clients and the clients of those clients until the end client is reached, using the LEI for the entities describedin the next column. Reporting entity, position holder, ultimate parent, Required 3 January 2018 http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1522780107052&uri=CELEX:32017R1093
Q&A: https://www.esma.europa.eu/sites/default/files/library/esma70-872942901-28_cdtf_qas.pdf
EU27 Regulation (EU) No 648/2012 of the European
Parliament and of the Council on OTC derivatives, central counterparties and trade repositories
laying down implementing technical standards with regard to the format of the records to be
maintained by central counterparties according to Regulation (EU) No 648/2012 of the European
(Text with EEA relevance) Securities regulations: recordkeeping by central counterparties (CCPs) Clearing member, beneficiary of a contract (if not a counterparty), party that transfered a contract, security that is the underlying asset in a derivative contract; interoperable CCP clearing one leg of the transaction Optional (in most cases: LEI, interim entity identifier
(20 alphanumerical digits), BIC (11
alphanumerical digits) or client code (50
alphanumerical digits). 10 January 2013 https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1521640956839&uri=CELEX:32012R1249
EU28 Directive 2014/59/EU of the European Parliament and of the Council establishing
a framework for the recovery and resolution of credit institutions and investment firm COMMISSION DELEGATED REGULATION (EU) 2016/1712
supplementing Directive 2014/59/EU of the European Parliament and of the Council establishing
a framework for the recovery and resolution of credit institutions and investment firms with
regard to regulatory technical standards specifying a minimum set of the information on financial
contracts that should be contained in the detailed records and the circumstances in which the
requirement should be imposed
(Text with EEA relevance) Resolution: recordkeeping of designated financial contracts by certain financial institutions in certain financial groups, to facilitate access to information by competent authorities and resolution authorities.
Institutions subject to maintenance of information (as listed in Art 1(1) of Directive 2014/59): (b) financial institutions that are established in the Union when the financial institution is a subsidiary of a credit institution or investment firm, or of a company referred to in point (c) or (d), and is covered by the supervision of the parent undertaking on a consolidated basis in accordance with Articles 6 to 17 of Regulation (EU) No 575/2013; (c) financial holding companies, mixed financial holding companies and mixed-activity holding companies that are established in the Union; (d) parent financial holding companies in a Member State, Union parent financial holding companies, parent mixed financial holding companies in a Member State, Union parent mixed financial holding companies;
Financial contracts covered: (a) securities contracts, including: (i) contracts for the purchase, sale or loan of a security, a group or index of securities; (ii) options on a security or group or index of securities; (iii) repurchase or reverse repurchase transactions on any such security, group or index; (b) commodities contracts, including: (i) contracts for the purchase, sale or loan of a commodity or group or index of commodities for future delivery; (ii) options on a commodity or group or index of commodities; (iii) repurchase or reverse repurchase transactions on any such commodity, group or index; (c) futures and forwards contracts, including contracts (other than a commodities contract) for the purchase, sale or transfer of a commodity or property of any other description, service, right or interest for a specified price at a future date; (d) swap agreements, including: (i) swaps and options relating to interest rates; spot or other foreign exchange agreements; currency; an equity index or equity; a debt index or debt; commodity indexes or commodities; weather; emissions or inflation; (ii) total return, credit spread or credit swaps; (iii) any agreements or transactions that are similar to an agreement referred to in point (i) or (ii) which is the subject of recurrent dealing in the swaps or derivatives markets; (e) inter-bank borrowing agreements where the term of the borrowing is three months or less; (f) master agreements for any of the contracts or agreements referred to in points (a) to (e);
LEI where available to identify the reporting counterparty and the other counterparty of the financial contract Requested 14 October 2016 https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1521643966638&uri=CELEX:32016R1712
EU29 Directive 2014/65/EU of the European Parliament and of the Council COMMISSION DELEGATED REGULATION (EU) 2017/589 of 19 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the organisational requirements of investment firms engaged in algorithmic trading (Text with EEA relevance) Securities regulation - record keeping for investment firms engaged in high frequency algorithmic trading
Information relating to every initial decision to deal and incoming orders from clients should include the LEI of the client, where the client is a legal entity. The LEI shall also be used for the investment firm to which the order was transmitted. clients; investment firms to which orders are submitted required 3 January 2018 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32017R0589
EU30 Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments COMMISSION DELEGATED REGULATION (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives (Text with EEA relevance) Securities regulation - reference data to be provided for the purpose of transparency calculations
LEI should be reported for the issuer of the underlying bond of interest rate derivatives and for the reference entity of credit derivative (single name CDS or a derivative on a single name CDS) issuer of the underlying bond of interest rate derivatives and for the reference entity of credit derivative required 3 January 2018 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32017R0583
EU31 Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories European Security and Markets Authority (ESMA) Final Report Draft regulatory technical standards on settlement discipline under the Regulation No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and regulation (EU) No 236/2012 (CSDR) Financial market regulation:report on settlement fails
LEIs of the CSD are part of the information to be reported in settlement fails report by CSDs to competent and relevant authorities and in reports on settlement fails to be made public.
LEIs of the settlement participants among the top 10 participants with highest rates of settlement fails (based on the number of instructions, and based on value), for participants identified by LEI are also to be reported by CSDs to the competent authorities and relevant authorities. CSD and certain CSD participants required draft https://www.esma.europa.eu/press-news/esma-news/esma-issues-technical-standards-settlement-discipline-under-csdr
EU32 Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to
the activity of credit institutions and the prudential supervision of credit institutions and investment firms COMMISSION IMPLEMENTING REGULATION (EU) 2016/2070 of 14 September 2016 laying down implementing technical standards for templates, definitions and IT-solutions to be used by institutions when reporting to the European Banking Authority and to competent authorities in accordance with Article 78(2) of Directive 2013/36/EU of the European Parliament and of the Council (Text with EEA relevance) Banking supervision - (calculation of capital requirements) identification of entities for supervisory benchmarking portfolios
LEIs is used in the regulation, along with other identifiers, to identify counterparties in low default portfolio, on which institutions should report information, but not in the reporting by those institutions counterparties for information Version as amended by regulation 2017/1486:
http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1522778931206&uri=CELEX:02016R2070-20170920
EU33 Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market Commission Delegated Regulation (EU) 2017/2055 of 23 June 2017 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for the cooperation and exchange of information between competent authorities relating to the exercise of the right of establishment and the freedom to provide services of payment institutions (Text with EEA relevance. ) Payment services providers
LEI should be provided, where available, for the identification of payment institutions, e-money institutions, their agents and distributors, in the notification process between competent authorities of the home and of the host Member States for payment institutions intending to exercise the right of establishment and the freedom to provide services on a cross-border basis within the European Union. payment institutions, e-money institutions, their agents and distributors requested 13 July 2017 http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2017.294.01.0001.01.ENG No
EU34 Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/ECText with EEA relevance. Securities regulations - prospectus
Identification of issuers, offerors and guarantors in the prospectus to be drawn up, approved and published when securities are offered to the public or admitted to trading on a regulated market.
The requirement of a prospectus does not apply for certain types of securities, and in certain circumstances, such as offers of securities to the public with a a total consideration in the Union of less than EUR 1 000 000, which shall be calculated over a period of 12 months, offers of securities addressed solely to qualified investors, or to fewer than 150 natural or legal persons per Member State, other than qualified investors. issuers, offerors and guarantors required 21 July 2019 https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1522169553743&uri=CELEX:32017R1129 no
EU35 Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments Commission Implementing Regulation (EU) 2017/1005 of 15 June 2017 laying down implementing technical standards with regard to the format and timing of the communications and the publication of the suspension and removal of financial instruments pursuant to Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments (Text with EEA relevance. ) Securities regulations - suspension or removal of financial instruments
LEI of the issuer should be provided in the publication and communication to the relevant competent authority by a trading venue operator of its decision to suspend or remove the financial instrument and related derivatives from trading; and of its decision to lift a suspension of a financial instrument and related derivatives. Teh same applies for publication and communication by Competent Authorities of such action, and for communications to ESMA and other competent authorities of their decisions on to follow a suspension, a removal or a lifting of a suspension. issuers required 3 January 2018 https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1522173831891&uri=CELEX:32017R1005 no
EU36 Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories COMMISSION DELEGATED REGULATION (EU) 2017/392
(Text with EEA relevance) Securities regulations - Central securities depositories (CSDs)
An application for authoritisation by an applicant CSD shall include the LEI of the applicant CSD. Central securities depositories required 30 March 2017 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.065.01.0048.01.ENG no
EU37 Regulation (EU) No 596/2014 (MAR) Draft Implementing Technical Standards on forms and procedures for cooperation under Article 24 and 25 of Regulation (EU) No 596/2014 on market abuse Financial market regulation - cooperation between authorities on market abuse
The form for a request for assistance requires to include the LEI, if applicable, to describe the identity of any person connected with the transaction or order any person connected with the transaction or order requested draft https://www.esma.europa.eu/sites/default/files/library/final_report_on_its_cooperation_mar.pdf no
EU38 Article 35 of EIOPA's Founding Regulation (EU) No 1094/2010; provisions of Directive (EU) 2016/23412 (IORP Directive). EIOPA's initiative on pensions data:
Decision of the Board of Supervisors on EIOPA's regular information requests towards NCAs regarding provision of occupational pensions information
[EIOPA-BoS/18-114] Reporting requirements, Supervision
Institutions for occupational retirement provision (IORP).
The reporting requirements shall apply to:
(i) all NCAs being responsible for the supervision of arrangements or activities subject to Directive (EU) 2016/2341, which are Members of the Board of Supervisors of EIOPA, and
(ii) the EEA EFTA Members of the Board of Supervisors of EIOPA to the extent to which Directive (EU) 2016/2341 is binding on them. Institutions for occupational retirement provision (IORP) Requested 140,000-250,000 Q3 2019 https://eiopa.europa.eu/Pages/News/EIOPA-is-significantly-enhancing-European-pensions-statistics.aspx
https://eiopa.europa.eu/Publications/Protocols/Decision%20on%20Consultation%20Paper_EIOPA-CP-17-005.pdf No
HK01 section 63(2) of the Banking Ordinance Interim reporting requirements for OTC derivative transactions Derivative transaction reporting: collecting, keeping and maintaining details of certain OTC derivatives transactions by banks (interest rate swap and non-deliverable forward). The interim regime is expected to be replaced by a new regime in 2015. Requested if the entity has one 05.08.2013; amendments made in September 2014 to the HKTR reference manual to remove the flexibility of reporting identify codes other than LEI for transacting parties that are TR members http://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2013/20130628e2.pdf Yes HKMA stated to LEI ROC that Reporting firms are required to provide the HKTR any updates or changes of their own LEIs as well as to verify the status of the LEI(s) of their counterparties regularly to ensure the LEI submitted to the trade repository are up-to-dated. The HKTR performs regular check in the trade repository system to verify the status of the LEIs of the reporting firms.
IN01 Section 45(W) of the RBI Act, 1934 Reserve Bank of India Notification RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 Introduction of Legal Entity Identifier for OTC derivatives markets OTC derivatives
LEI will be implemented for all participants in the Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives in India, in a phased manner Participants in OTC derivative markets Required Several stages depending on the market participants between August 2017 and March 2018 https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI3143399AEE12E684FCF9FEEA7E03E0E9064.PDF#.pdf Yes "Lapsed LEIs will not be deemed valid for Trade Repository (TR) reporting".
IN02 Reserve Bank of India Instruction Bank supervision - large exposures: RBI will require banks to make it mandatory for corporate borrowers having aggregate fund-based and non-fund based exposure of ₹ 5 crore and above from any bank to obtain LEI registration and capture the same in the Central Repository of Information on Large Credits (CRILC). The objective is to facilitate assessment of aggregate borrowing by corporate groups, and monitoring of the financial profile of an entity/group. Corporate borrowers Required To be determined in instructions to be published by end-October 2017 https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=41855 unknown
JP01 NIL Financial Instruments and Exchange Act (FIEA) Derivative transaction reporting: : With regard to trade reporting requirements for OTC derivatives, when relevant counterparty holds LEI, it is requested to report such LEI under the Financial Instruments and Exchange Act and the Cabinet Office Ordinance on the Regulation of OTC Derivatives. Parties involved in OTC derivative transactions Requested Over 500 counterparties Financial Instruments and Exchange Act
http://www.japaneselawtranslation.go.jp/law/detail/?id=2355&vm=04&re=01&new=1
Cabinet Office Ordinance on the Regulation of OTC Derivatives, etc.
http://www.japaneselawtranslation.go.jp/law/detail/?id=2450&vm=04&re=01&new=1
LU01 Circular CSSF 15/627 of 3 December 2015 Financial market regulation
The LEI of all Luxembourg domiciled undertakings for collective investment subject to the law of 17 December 2010 ("UCI law"), specialised investment funds (SIFs) subject to the law of 13 February 2007 ("SIF law") and investment companies in risk capital ("SICARs") subject to the law of 15 June 2004 ("SICAR law") should be included the U 1.1 reporting, field 2040, if these UCIs have been allocated an LEI. Luxembourg domiciled undertakings for collective investments Requested some 16,700 funds and sub-funds, not all of which may have an LEI CIRCULAR CSSF 15/627 of 3 December 2015
http://www.cssf.lu/fileadmin/files/Reporting_legal/SOC_Banques_OPC/Guidelines_U1_1_reporting.pdf
MX01 NIL Banco de Mexico Circular 14/2015, as modified by Circular 24/2017 of 27 December 2017 Financial institutions and their counterparts According to deadlines to be set by Banco de Mexico. For derivatives, deadlines set in MX02 Credit institutions, trusts, brokerage houses, investment funds and other financial institutions and their counterparts Required implementation deadlines to be set http://www.banxico.org.mx/sistema-financiero/informacion-general/codigo-lei-referencia-banco-m001.html Yes Circular 14/2015 as modified in 2017 states that: "Each Financial Entity, when concluding any of the Transactions, must have a current LEI Code issued in its name, as well as collect from the corresponding Counterpart the LEI Code issued in its name and verify that the latter is in force at the time of conclusion of the referred Operation." (unofficial translation)
MX02 NIL Banco de Mexico Circular 25/2017 of 27 December 2017 Derivative transactions: Requires that the financial entities (i.e. credit institutions, brokerage houses) and other paticipants of the derivatives market have a current LEI code in order to enter into derivatives transactions Participants to derivative markets Required (i) 1 June 2018 for financial entities investment funds, regulated multiple-purpose financial institutions and general deposit warehouses ("almacénes generales de depósito")
(ii) 1 August 2018 for financial entities that are counterparties of entities in (i) (i.e. (i) plus insurance companies, investment fund operators, investment companies specialized in retirement funds, non-regulated multiple purpose financial companies, credit unions, development agencies and foreign financial entities )
iii) 3 September 2018 for other counterparties that are trusts or national legal entities, when the sum of the transaction plus the notional amount of all current transactions is more than 35 million UDIS to the date of the transaction http://www.banxico.org.mx/disposiciones/normativa/circular-4-2012/%7B6EE9E8EF-F839-1A10-87D6-9B0C2EC4A008%7D.pdf Yes LEIs "must be in force at the time of the respective Derivative Transactions"
RU01 Federal Law No 86-FZ dated 10.07.2002 On the Central Bank of the Russian Federation (Bank of Russia)
Federal Law No 39-FZ dated 22.04.1996 On Securities Market Bank of Russia Ordinance No. 4104-U, Dated 16 August 2016, On the types of agreements concluded not on organised platforms, the information on which must be reported to repository, persons, that must report such information, process, composition, form and terms of reporting to repository, additional requirements to the process of maintaining the register of agreements by the repository, process and terms of reporting by the repository and also process, composition, form and terms of reporting by the repository to the Bank of Russia OTC derivatives and repo: All OTC derivatives and repo operations must be reported to trade repository. Trade repository will decline to register the operation if the reporting does not contain the LEI of the reporting party.
(replaces Bank of Russia Ordinance No. 3253-U, Dated 30 April 2014, On the Procedure for Maintaining the Register of Agreements Concluded on Terms of a Master Agreement (Single Agreement), Timeframes for Providing Information Necessary for Maintaining the Said Register and Information therefrom, and Submitting the Register of Agreements Concluded on Terms of a Master Agreement (Single Agreement) to the Central Bank of the Russian Federation (Bank of Russia)) Credit organizations, broker-dealers, asset managers, depositories, book runners, private pension funds, investment funds, trade organisers, clearing organisations, insurance companies that engage in OTC derivatives trading. Required 1000-2000 After July 1, 2015 the register of OTC transactions must contain LEIs of counterparties. After July 1, 2015 new entries to the register were rejected by the trade repository if they do not contain LEIs of parties. http://www.cbr.ru/analytics/?PrtID=na_vr&docid=132 No
RU02 Federal Law No 39-FZ dated 22.04.1996 On Securities Market Federal Law No 39-FZ dated 22.04.1996 On Securities Market Securities regulation
The list of securities owners must contain international identification code of entities that perform the record keeping of securities ownership (nominee holders). The concerned entities are nominee holders of securities, depositories, including foreign entities. Required 500-700 01.08.2014 http://pravo.gov.ru/proxy/ips/?docbody=&nd=102040905&intelsearch=39-%D4%C7 No
SG01 Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013 Derivative transaction reporting: identification of the entities described in the next column. reporting entities, counterparties, clearing entity of interest rate derivatives contract or credit derivatives contract traded in Singapore or booked in Singapore Required 31.10.2013 http://www.mas.gov.sg/~/media/MAS/Regulations%20and%20Financial%20Stability/Regulations%20Guidance%20and%20Licensing/Securities%20Futures%20and%20Fund%20Management/Regulations%20Guidance%20and%20Licensing/Regulations/Reporting%20Regs.pdf
UK01 Bank of England Act 1998 Sterling Money Market Daily Reporting
(SMMD) Monetary policy, statistics: The LEI is requested for the submitting organisation for sterling money market reporting. LEI is also requested for the reporting agent and also counterparty identification. Counterparty identification coverage is determined by MiFIDII. Also includes provisions for branch identifcation.
Reporting institutions will be required to provide the LEI where available until the implementation of MiFID II. Counterparties and reporting agents to Sterling Money Market Transactions Generally required, but requested where available for non-financial counterparties until 3 January 2018 http://www.bankofengland.co.uk/statistics/Documents/reporters/defs/instructions_smm.pdf No
UK02 NIL Loan level data collection for buy to let lending Monetary policy, bank supervision, statistics (lending): The LEI is requested for the reporting entity. LEI is requested where available for the borrower. submitting firm, intermediary Requested as default preferred option. Q3 2017 for phase 1 data model: http://www.bankofengland.co.uk/statistics/Documents/reporters/defs/BTLdatamod.pdf
Technical documentation: http://www.bankofengland.co.uk/statistics/Documents/reporters/defs/BTLtechdoc.pdf No
US01 Dodd-Frank Wall Street Reform and Consumer Protection Act Securities and Exchange Commission 17 CFR Parts 275 and 279 Rules Securities regulation - Asset management: Rules Implementing Amendments to the Investment Advisers Act of 1940
Each investment adviser that is required to file Form ADV. Requested 1,351 Mar.12 "Rules Implementing Amendments to the Investment Advisers Act of 1940; Final Rule," 76 FR 42950, July 19, 2011. https://www.sec.gov/rules/final/2011/ia-3221.pdf
US02 17 CFR Part 4 and 17 CFR Parts 275 and 279, "Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF; Joint Final Rules," Financial market regulation:
Reporting by investment advisers (registered or required to register with the SEC) to private funds with private fund regulatory assets under management of at least $150 million. Reporting entities include "large hedge fund advisers" (those with $1.5 billion in AUM attributable to hedge funds) "large liquidity fund advisers" (those with at least $1 billion in combined AUM attributable to liquidity funds and registered money market funds), and "large private equity advisers" (those with at least $2 billion in AUM attributable to private equity funds). Reporting also is required by certain commodity pool operators and commodity trading advisors. (Form PF) Requested · 4,092 private funds; and
· 394 parallel funds. Data field as of December 2012, reported beginning March 2013 17 CFR Part 4 and 17 CFR Parts 275 and 279, "Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF; Joint Final Rules," 76 Fed. Reg. 71128, November 16, 2011. https://www.gpo.gov/fdsys/pkg/FR-2011-11-16/pdf/2011-28549.pdf
Form PF (Paper Version). https://www.sec.gov/rules/final/2011/ia-3308-formpf.pdf No
US03 17 CFR Part 45, "Swap Data Recordkeeping and Reporting Requirements; Final Rule," Derivative transaction reporting: identification of each counterparty to any swap subject to the jurisdiction of the CFTC in all recordkeeping and reporting counterparty to any swap subject to the jurisdiction of the CFTC Required 40000 31 Dec .2012 (applies also to non-expired swaps entered into before that date) 17 CFR Part 45, "Swap Data Recordkeeping and Reporting Requirements; Final Rule," 77 Fed. Reg. 2136, January 13, 2012. https://www.gpo.gov/fdsys/pkg/FR-2012-01-13/pdf/2011-33199.pdf
17 CFR Part 46, "Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps; Final Rule," 77 Fed. Reg. 35200, June 12, 2012. http://www.cftc.gov/idc/groups/public/@lrfederalregister/documents/file/2012-12531a.pdf
US04 COMMODITY FUTURES TRADING
17 CFR Parts 3, 32, and 33 Derivative transaction reporting: Identification of filing counterparty in the annual filing of physically delivered commodity options exempted from the reporting above (Form TO). Requested Same as US03 01.Mar.14 "Commodity Options; Final Rule and Interim Final Rule," 77 Fed. Reg. 25320, April 27, 2012. http://www.cftc.gov/idc/groups/public/@lrfederalregister/documents/file/2012-9888a.pdf
"Agency Information Collection Activities: Proposed Collection, Comment Request: Form TO, Annual Notice Filing for Counterparties to Unreported Trade Options; Notice," 77 Fed. Reg. 74647, December 17, 2012. https://www.gpo.gov/fdsys/pkg/FR-2012-12-17/pdf/2012-30227.pdf; Form TO: https://www.cftc.gov/sites/default/files/idc/groups/public/@newsroom/documents/file/cftcformto.pdf
Relief from the Reporting Requirements of § 32.3(b)(1) of the Commission's Regulations, and Certain Recordkeeping Requirements of § 32.3(b), for End Users Eligible for the Trade Option Exemption, CFTC Staff No-Action Letter No., 13-08, April 5, 2013. http://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/13-08.pdf
US05 17 CFR Part 242.
613 (Regulation NMS, Consolidated Audit Trail) Financial market regulation: Consolidated tracking system or consolidated audit trail system to capture customer and order event information for orders in national market system securities Participants to capital markets Customer if the Industry Member has or acquires the LEI for its Customer. Industry Members: Required to submit the LEI of the Industry Member if such LEI has been obtained. Various compliance dates ranging from one to three years after publication in the Federal Register 17 CFR Part 242, "Consolidated Audit Trail; Final Rule," 77 Fed. Reg. 45722, August 1, 2012. https://www.gpo.gov/fdsys/pkg/FR-2012-08-01/pdf/2012-17918.pdf; https://www.catnmsplan.com/. Order Approving the National Market System Plan Governing the Consolidated Audit Trail, Release No. 34-79318 (November 15, 2016) [Release No. 34-79318]. https://www.gpo.gov/fdsys/pkg/FR-2016-11-23/pdf/2016-27919.pdf
US06 National Association of Insurance Commissioners (NAIC) 2013 NAIC Annual Statement and 2014 Quarterly Statement Filing Guidance for the Legal Entity Identifier (LEI) Electronic Only Column in the Investment Schedules Insurance supervision:
Identification of mortgagers, counterparties, depositories, issuers of stock and bonds in which the insurance company is investing, for reporting to the supervisor. 31.Mar.13 2013 NAIC Annual Statement and 2014 Quarterly Statement Filing Guidance for the Legal Entity Identifier (LEI) Electronic Only Column in the Investment Schedules," NAIC Blanks (E) Working Group, 2012-30BWG, August 11, 2012.
http://www.naic.org/documents/2012-30BWG_Modified.pdf
FAQ: http://www.naic.org/documents/education_home_lei_implementation_faqs.pdf
http://www.naic.org/cipr_topics/topic_legal_entity_identifier.htm No
US07 Dodd-Frank Wall Street Reform and Consumer Protection Act 17 CFR Parts 15, 17, 18 and 20 (The final rules on Ownership and Control Reports and Forms 102/102S, 40/40S, and 71) Derivative transaction reporting: Trader identification/market participant data for the reporting of certain trading accounts active in designated contract markets or swap execution facilities. Form 102 requires the reporting party to provide the LEI (if any) of the reporting party and of various other parties reportable on the form, such as account owners, controllers, and originators. Parties involved in derivative transactions Requested 36000 (may overlap CFR part 45) 2 phases: 01.10.2015 1 Feb. 2016
(entered into force on 1.10 2014) 17 CFR Parts 15, 17, 18 and 20, "Ownership and Control Reports, Forms 102/102S, 40/40S, and 71; Final Rule," 78 Fed. Reg. 69178, November 18, 2013. Link to Source: https://www.cftc.gov/sites/default/files/idc/groups/public/@lrfederalregister/documents/file/2013-26789a.pdf
US08 Municipal Securities Rulemaking Board (MSRB) Rule A12 Financial market regulation: registration of all MSRB-regulated entities (brokers, dealers, municipal securities dealers and municipal advisors)
(Form A 12) Optional/other identifiers allowed even if entity has an LEI 1,765 MSRB registrants (120 provided LEI) 10.Aug.14 Exchange Act Release No. 34-71616; File No. SR-MSRB-2013-09 (February 26, 2014). https://www.sec.gov/rules/sro/msrb/2014/34-71616.pdf; http://www.msrb.org/Rules-and-Interpretations/SEC-Filings/~/media/Files/SEC-Filings/2013/MSRB-2013-09-Federal-Register-Approval.ashx; http://www.msrb.org/~/media/Files/Regulatory-Notices/Announcements/2014-05.ashx?n=1
Guidance on the MSRB Municipal Advisor Registration Process, MSRB Regulatory Notice 2014-10, May 12, 2014. http://www.msrb.org/~/media/Files/Regulatory-Notices/Announcements/2014-10.ashx?n=1
MSRB Registration Manual for Dealers and Municipal Advisors, July 2014. http://www.msrb.org/msrb1/pdfs/MSRB-Registration-Manual.pdf.
LEI listed on checklist: http://www.msrb.org/msrb1/pdfs/MSRB-Registration-Checklist-Form-A-12.pdf
US09 Dodd-Frank Wall Street Reform and Consumer Protection Act 17 CFR Parts 230, 239, 270, 274 and 279 (FORM N-MFP) Financial market regulation Identification of the reporter and of securities held by the reporter or subject to repo, in the monthly reporting by Money Market Funds (MMF) (Form N-MFP) Reporter and of securities held by the reporter or subject to report Requested 125 reporting entities, as of 30.09.2017. 16 April 2016 17 CFR Parts 230, 239, 270, 274 and 279, "Money Market Fund Reform; Amendments to Form PF; Final Rule," 79 Fed. Reg. 47736, August 14, 2014. Link to Source.
US10 Regulation C, modified by Dodd-Frank Wall Street Reform and Consumer Protection Act 12 CFR Part 1003 (Banks and banking- BUREAU OF CONSUMER FINANCIAL PROTECTION:Home Mortgage Disclosure) Financial market regulation Reporting of the LEI and parent LEI by the Financial Institution, and universal loan identifier that includes the LEI of the home mortgage lender, generally home mortgage lenders that report HDMA Required to be collected in 2018 and reported to regulators beginning 1 March 2019 6700 to 10000 Regulation C was published on October 28, 2015, with technical corrections on September 13, 2017, and implementation starting on 1 January 2018. https://www.federalregister.gov/documents/2015/10/28/2015-26607/home-mortgage-disclosure-regulation-c Yes
US11 Dodd-Frank Wall Street Reform and Consumer Protection Act 17 CFR Parts 232, 240, 249, and 249b, "Nationally Recognized Statistical Rating Organizations; Final Rule," 79 Fed. Reg. 55078, September 15, 2014 Credit rating agencies: The Securities and Exchange Commission (SEC) adopted amendments to existing rules and new rules that apply to credit rating agencies registered with the SEC as nationally recognized statistical rating organizations ("NRSROs"). Paragraph (b) of § 240.17g-7 generally requires an NRSRO to disclose credit rating histories for certain of its credit ratings. The information that must be disclosed about the credit rating includes the LEI of an obligor rated by the NRSRO or of an issuer whose securities or money market instruments are rated by the NRSRO, if the LEI is available. If it is not available, then the NRSRO must disclose the Central Index Key (CIK) number of the obligor or issuer, if available. There are 10 NRSROs registered with the Commission. Paragraph (b) of Rule 17g-7 requires an NRSRO to disclose, with respect to credit rating histories for certain of its ratings, the LEI of an obligor rated by the NRSRO or of an issuer whose securities or money market instruments are rated by the NRSRO, if the LEI is available. If it is not available, then the NRSRO must disclose the CIK number of the obligor or issuer (as applicable), if available. Effective date: 15.06.2015 https://www.gpo.gov/fdsys/pkg/FR-2014-09-15/pdf/2014-20890.pdf No
US12 Dodd-Frank Wall Street Reform and Consumer Protection Act 12 CFR Part 43, 12 CFR Part 244, 12 CFR Part 373, 12 CFR Part 1234, 12 CFR Part 246 and 24 Part 267 Financial market regulation: securitized assets Identification of the obligor of loans or asset held or to be held by an open market collateralized loan obligation (CLO), in the information provided to potential investors The obligor of loans or asset held or to be held by an open market collateralized loan obligation (CLO) Requested Unknown 24 Dec 2016 12 CFR Part 43, 12 CFR Part 244, 12 CFR Part 373, 12 CFR Part 1234, 12 CFR Part 246 and 24 Part 267, "Credit Risk Retention; Final Rule," 79 Fed. Reg. 77602, December 24, 2014. Link to Source. No
US13 12 CFR Part 371 - Recordkeeping Requirements for Qualified Financial Contracts (QFC) 12 CFR Part 371 Deposit insurance and resolution: require insured depository institutions (IDIs) that are subject to Part 371 that have total assets of $50 billion or more and IDIs that are affiliates of financial companies that are subject to the U.S. Treasury QFC recordkeeping rule to use an LEI to identify themselves. If those entities do not already have an LEI, they must obtain one for recordkeeping purposes.
Smaller IDIs that are subject to Part 371 would be required to use an LEI only if they already have an LEI. All IDIs subject to Part 371 would be required to identify all QFC counterparties that have LEIs by their LEI, if those counterparties already have an LEI. These smaller IDIs and counterparties will not be required to get an LEI if they do not already have one. Certain insured depository institutions (IDIs), certain IDI subsidiaries, QFC counterparties, and immediate and ultimate parents (some required to report their LEI and others requested if one is available) Required for records entities with total assets of $50 billion or more and IDIs that are affiliates of financial companies subject to the U.S. Treasury QFC rule; requested for IDI records entities with total assets of less than $50 billion TBD 01.10.2017 https://www.gpo.gov/fdsys/pkg/FR-2017-07-31/pdf/2017-15488.pdf yes "In order for an LEI to be
properly maintained, it must be kept
current and up to date according to the
standards established by the Global LEI
US14 Dodd-Frank Wall Street Reform and Consumer Protection Act 17 CFR Part 242.900 (Regulation SBSR) Derivative transaction reporting: Identification of persons involved in security-based swaps that are reported to security-based swap data repositories (registered SDRs) Persons involved in security-based swaps that are reported to security-based swap data repositories Required for participants in registered SDRs At least 3500 TBD (reporting to begin on the later of two conditions precedent) 17 CFR Part 242, "Regulation SBSR-Reporting and Dissemination of Security-Based Swap Information; Final rule," 80 Fed. Reg. 14564, March 19, 2015. Link to Source.
US15 Federal Reserve's General Regulatory Reporting Authority Federal Register, Vol. 80, No. 127 /38202 (July 2, 2015) Financial market regulation and bank supervision: identification of all banking and non-banking reportable entities in forms FR Y-6, FR Y-7 and F Y 10.[3] Top tier entities are already required to report their LEI since 2014.
Annual Report of Holding Companies; Annual Report of Foreign Banking Organizations; Report of Changes in Organizational Structure for Bank holding companies (BHCs) and savings and loan holding companies (SLHCs) (collectively, holding companies (HCs)), securities holding companies, foreign banking organizations (FBOs), state member banks unaffiliated with a BHC, Edge Act and agreement corporations, and nationally chartered banks that are not controlled by a BHC (with regard to their foreign investments only). Financial institutions Requested 3,981 31 December 2015 Sept. 2015 (Final approval 2 July 2015) http://www.federalreserve.gov/reportforms/forms/FR_Y-620151231_i.pdf
http://www.federalreserve.gov/reportforms/forms/FR_Y-720151231_i.pdf
http://www.federalreserve.gov/reportforms/forms/FR_Y-1020161014_i.pdf Yes
US16 Dodd-Frank Wall Street Reform and Consumer Protection Act 17 CFR Parts 200,
210, 230,
232, 239, 240, 249, 270, 274 Financial market regulation: registered investment companies SEC adopted new rules and forms, and amendments to existing rules and forms, to modernize the reporting and disclosure of information by registered investment companies. Newly adopted reporting forms require or request LEIs. The SEC adoption will require each fund to report the LEI of: (i) the registered investment company, and (ii) each series (i.e., the fund). The adopted forms also request the LEI, if any and as applicable, of various counterparties, issuers of investments held by the funds, and various service providers of the fund. Funds and their registered investment company, counterparties, issuers of investments held by the funds, service providers of the fund Required (for the registrant and the funds), and Requested (for issuers, counterparties, and service providers) Approximately 3100 registrants (including approximately 17000 series thereof) plus potentially a substantial number of LEIs for issuers, counterparties, and service providers Form N-PORT has a compliance date of June 1, 2018 for larger entities (fund complexes with assets under management of $1 billion+) and a compliance date of June 1, 2019 for smaller entities. Form N-CEN has a compliance date of June 1, 2018. "Investment Company Reporting Modernization; Adopted Rule," 81 Fed. Reg. 81870. https://www.gpo.gov/fdsys/pkg/FR-2016-11-18/pdf/2016-25349.pdf
US17 NIL 18 CFR Part 35 (FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY) Energy Market Regulation: The Federal Energy Regulatory Commission (FERC) proposes to have electric market participants report their "Connected Entities" using LEIs. According to the proposed rule, FERC proposes "that regional transmission organizations (RTOs) and independent system operators (ISOs) require their market participants to obtain LEIs, and to report their own LEI and the LEI of each of their Connected Entities, if the Connected Entity has obtained one." Electric market participants Required in some parts and Requested "if the entity has one" in other parts Draft published on 29 September 2015 "Collection of Connected Entity Data From Regional Transmission Organizations and Independent System Operators," 80 Fed. Reg., 58382, September 29, 2015. Link to Source.
US18 Dodd-Frank Wall Street Reform and Consumer Protection Act 17 CFR Part 45 (Amendments to Swap Data Recordkeeping and Reporting Requirements for
Cleared Swaps) Derivatives reporting: The amendments introduced to the rule already described in this table under US03 relate to cleared swaps. The LEI of the Swap Data Repository (SDR) to which the Derivatives Clearing Organization (DCO) reported clearing swaps replacing the original swap and the original swap SDR, clearing swap SDR, the SDR to which the clearing swaps are reported The LEI of the SDR to which the DCO reported clearing swaps replacing the original swap and the original swap SDR, clearing swap SDR 2017 http://www.cftc.gov/idc/groups/public/@newsroom/documents/file/federalregister061416.pdf
US19 Dodd-Frank Wall Street Reform and Consumer Protection Act Securities and Exchange Commission 17 CFR Parts 275 and 279 Rules Securities regulation - Asset management: Form ADV and Investment Advisers Act Rules; Final Rule Custodians for separately managed accounts and private funds that are not broker-dealers or are broker dealers but do not have an SEC registation number. Each investment adviser that is deemed a "relying adviser" on a filing adviser's Form ADV. Requested 01.Oct.17 "Form ADV and Investment Advisers Act Rules; Final Rule," 81 FR 60418, September 1, 2016. https://www.federalregister.gov/documents/2016/09/01/2016-20832/form-adv-and-investment-advisers-act-rules and https://www.sec.gov/rules/final/2016/ia-4509.pdf
US20 FFIEC Form 031/041/051 - Quarterly Consolidated Reports of Condition and Income This report is required by law: 12 U.S.C. § 324 (State member banks); 12 U.S.C. §1817 (State nonmember banks); 12 U.S.C. §161 (National banks); and 12 U.S.C. §1464 (Savings associations). Banking supervision: An institution must provide its LEI on the cover page of the Call Report only if the institution already has an LEI. The LEI must be a currently issued, maintained, and valid LEI, not an LEI that has lapsed. An institution that does not have an LEI is not required to obtain one for purposes of reporting it on the Call Report. All state member banks, state nonmember banks, national banks and savings associations Requested if an entity already has an LEI 6,142 potential LEIs based on the information in the Federal Register Notice 30.09.2016 https://www.ffiec.gov/forms031.htm Page 16 of the Call Report Instructions: https://www.fdic.gov/regulations/resources/call/crinst/2016-09/916Inserts093016.pdf Yes
US21 FFIEC Form 101 - Quarterly Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework This report is required by law: 12 U.S.C. § 161 (National banks), 12 U.S.C. § 324 and 12 U.S.C. § 1844(c) (State member banks and BHCs, respectively), 12 U.S.C. § 1817 (Insured state nonmember commercial and savings banks), 12 U.S.C. § 1467a(b)(2) (Savings and loan holding companies), 12 U.S.C. § 1844(c), 12 U.S.C. §§ 3106 and 3108(a), 12 U.S.C. § 5365, 12 CFR 252.153(b)(2) (Intermediate holding companies), and 12 U.S.C. § 1464 (Savings associations). Banking supervision: An institution must provide its LEI on the cover page of the FFIEC 101 report only if the institution already has an LEI. The LEI must be a currently issued, maintained, and valid LEI, not an LEI that has lapsed. An institution that does not have an LEI is not required to obtain one for the purposes of reporting it on the FFIEC 101 report. [Banking organisations subject to advanced capital adequacy framework] The following entities meeting criteria listed in the FFIEC Form 101 instructions: national banks, State member banks, BHCs, Insured state nonmember commercial and savings banks, Savings and loan holding companies, Intermediate holding companies, and Savings associations Requested if an entity already has an LEI 50 potential LEIs based on the information in the Federal Register Notice 30.09.2016 https://www.ffiec.gov/forms101.htm Page 5 of the FFIEC 101 Instructions: https://www.ffiec.gov/pdf/FFIEC_forms/FFIEC101_201609_i.pdf
US22 FFIEC Form 102 - Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule This report is required by law: 12 U.S.C. § 161 (National banks), 12 U.S.C. § 324 and 12 U.S.C. § 1844(c) (State member banks and Bank holding companies, respectively), 12 U.S.C. § 1467a(b) (Savings and loan holding companies), 12 U.S.C. § 1817 (Insured state nonmember commercial and savings banks), and 12 U.S.C. § 1464 (Savings associations). Banking supervision: A market risk institution must provide its LEI on the cover page of the FFIEC 102 report only if the market risk institution already has obtained an LEI. The LEI must be a currently issued, maintained, and valid LEI, not an LEI that has lapsed. A market risk institution that does not have an LEI is not required to obtain one for purposes of reporting it on the FFIEC 102 report. [Banking organisations subject to the market risk capital rule)The following entities meeting criteria listed in the FFIEC Form 102 instructions: National banks, State member banks, Bank holding companies, savings and loan holding companies, Insured state nonmember commercial and savings banks, Savings associations. Requested if an entity already has an LEI 44 potential LEIs based on the information in the Federal Register Notice 31.12.2016 https://www.ffiec.gov/forms102.htm Page 5 of the FFIEC 102 Instructions: https://www.ffiec.gov/pdf/FFIEC_forms/FFIEC102_20161028_i_draft.pdf
US23 FFIEC Form 009/009A - Country Exposure Report/Country Exposure Information Report This report is required to be filed pursuant to authority contained in the following statutes: 12 U.S.C. §§ 161 and 1817 (national banks), 12 U.S.C. § 1464(federal savings associations), 12 U.S.C. §§ 248(a), 1844(c), and 3906 (state member banks and bank holding companies); 12 U.S.C. §§ 1467a(b)(2) and 5412 (savings and loan holding companies); 12 U.S.C. 5365(a) (intermediate holding companies); and 12 U.S.C. §§ 1817 and 1820 (insured state nonmember commercial and savings banks and insured state savings associations) Banking supervision: A reporting institution must provide its LEI on the cover page of this report only if it already has an LEI. The LEI must be a currently issued, maintained, and valid LEI, not an LEI that has lapsed. If a reporting institution does not have an LEI, it is not required to obtain one for purposes of reporting it on this report. The following entities meeting criteria listed in the FFIEC Form 009/009A instructions: National banks, federal savings associations, state member banks and bank holding companies, savings and loan holding companies, intermediate holding companies, insured state nonmember commercial and savings banks and insured state savings associations Requested if an entity already has an LEI 129 potential LEIs based on the information in the Federal Register Notice 30.09.2016 https://www.ffiec.gov/forms009_009a.htm Page 6 of the FFIEC 009/009A Instructions: https://www.ffiec.gov/PDF/FFIEC_forms/FFIEC009_201609_i.pdf
US24 FFIEC Form 016 - Annual Dodd-Frank Act Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-$50 Billion in Total Consolidated Assets This report is required to be filed pursuant to authority contained in the following statutes: 12 CFR part 46 (OCC); 12 CFR part 252, subpart B (Board); 12 CFR part 325, subpart C (FDIC). Banking supervision: On October 6, 2017, an initial Paperwork Reduction Act Federal Register notice was published for the proposed new FFIEC 016, Annual Dodd-Frank Act Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-$50 Billion in Total Consolidated Assets, which will replace the U.S. banking agencies' three existing stress test reports for institutions with $10-$50 billion in assets. The proposal includes having reporting institutions provide their Legal Entity Identifier on the report form, if they already have one. Under the proposal, the new FFIEC 016 would first be used for reporting as of December 31, 2017, with the report on the stress test results due July 31, 2018. The following entities meeting criteria listed in the FFIEC Form 016 instructions: State Member Banks, National Banks, Federal Savings Associations, State Nonmember Banks, State Savings Associations (collectively, "depository institutions"), Bank Holding
Companies' (BHCs), and Savings and Loan Holding Companies' (SLHCs) Requested if an entity already has an LEI 128 potential LEIs based on the information in the Federal Register Notice 31.07.2018 https://www.ffiec.gov/forms016.htm yes The LEI must be a currently issued, maintained, and valid LEI, not an LEI that has lapsed.
US25 Fixing America's Surface Transportation Act ("FAST Act") Securities and Exchange Commission 17 CFR Parts 229,230,232, 239,240,249,270, 274 and 275 Securities regulation: Corporate Issuers: FAST Act Modernization and Simplification of Regulation S-K: SEC proposed rule amendments to modernize and simplify certain disclosure requirements in Regulation S-K and related rules and forms. If adopted, the SEC proposal would require registrants to include in an exhibit to certain filings the LEI, if one has been obtained, of the registrant and each subsidiary listed in the exhibit. Registered corporate issuers The LEI is requested only if the registrant and its subsidiaries already have one. Proposing release was published on October 11, 2017. FAST Act Modernization and Simplification of Regulation S-K: Proposed Rule, 82 FR 50988, November 2, 2017. https://www.gpo.gov/fdsys/pkg/FR-2017-11-02/pdf/2017-22374.pdf.
US26 COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 49 Proposed Amendments To Swap Data Access Provisions and Certain Other Matters Acces to derivatives data by certain domestic and foreign regulators
The LEI is envisaged to be used in lists of entities regulated by Appropriate Domestic Regulators (ADR) and Appropriate Foreign Regulators (AFR), to help Swap Data Repositories determine whether the ADR or AFR can access swap data. draft https://www.cftc.gov/sites/default/files/idc/groups/public/@lrfederalregister/documents/file/2017-01287a.pdf
ZA01 section 58 of the Financial Markets Act (Act 19 of 2012) Registrar of Securities Services - draft Trade Reporting Obligation Board Notice OTC derivatives
Reportable information is expected to include the LEI TBD https://www.fsb.co.za/NewsLibrary/Press%20Release%20-%20Trade%20Reporting%20Obligations%20Board%20Notice.pdf
IMPORTANT NOTE: the information in this report is provided to the best of the knowledge of the ROC, in a summary form, and is not intended as legal advice. Only the official publications of the relevant jurisdictions should be relied upon.
For column ("LEI is")
Optional : The LEI is purely optional other identifiers are allowed even if the relevant entity has an LEI
Requested : The LEI is mandated only if the relevant entity already has one
Required : The entity is required to obtain an LEI
NA : other uses, for instance when the LEI is provided for information
Required/requested : the LEI is required for some entities and requested for others