Legal Entity Identifier (LEI) use under the EU financial regulation - Page 2
Internal Electricity Market Glossary

 


 

 

LEI under EMIR

 

 

Under EMIR, the LEI is mandatory for the identification of all legal entities involved in the derivative contract to be reported to the EU trade repositories, including financial and non-financial counterparties that enter into derivative contracts, the beneficiary of derivative contracts, the broking entity and the clearing member (see Article 3 of Commission Implementing Regulation (EU) No 1247/2012), the role of LEI in the reporting process under the EMIR Regulation is described in greater detail here).

 

 

LEI under MAR

 

 

Under MAR, the LEI of the issuer is part of the mandatory information to be included in the notifications by persons discharging managerial responsibilities and by all persons closely associated with them (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).

 

Under MAR LEI is also used in the context of providing reference data, operators of trading venues and systematic internalisers are advised to inform the issuers pertaining to the financial instruments concerned of their obligation to obtain the LEI of the issuer of every financial instrument in order to comply with the requirements under:

 

- Article 1 of the MAR RTS (Commission Delegated Regulation (EU) 2016/909 of 1 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the content of notifications to be submitted to competent authorities and the compilation, publication and maintenance of the list of notifications), and

 

- Article 2 of the MAR ITS (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).

 

 

LEI under the Transparency Directive

 

 

Under the Transparency Directive and 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 regulatory information at Union level Officially Appointed Mechanisms (OAMs) are obliged to obtain the LEI of the issuer of financial instruments admitted to trading on regulated markets.

 

 

LEI under REMIT

 

 

In the REMIT compliance system ACER code and the LEI may be used interchangeably.

 

 


 

 



Last Updated on Monday, 13 February 2017 23:21
 

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