Act now to obtain Legal Entity Identifier (LEI)

The FCA has confirmed its intention to the EBA to implement its recommendation EBA/REC/2014/01, the adoption of the LEI system, aimed at achieving a unique and worldwide identification of parties to financial transactions.

Every IFPRU firm is therefore required to obtain an LEI (and group entities, if applicable) from the Local Operating Unit and submit to the FCA by 31 December 2014.

If you report on a consolidated basis, then you will also need to obtain LEIs for all relevant group entities on which information is required under COREP/FINREP reporting, including the parent company regardless of it being an institution or a holding company under the Capital Requirements Regulation.

Click the links below to find out more:
Should you require any assistance in the LEI process then please contact us.
 

Contacts

Kelly Sheppard

Related links

Financial services