Pension Funds, Insurers Face Greater LEI Challenge
EIOPA Deadline Puts Pressure On Lagging Segment of Financial Industry
In eight months' time, financial services firms regulated by the European Insurance and Occupational Pensions Authority (EIOPA) will have to register for a legal entity identifier (LEI). During this period, insurance and pension firms must identify their entities that need LEI codes, prepare to manage the LEI data that will generate, and solve all related compliance issues, cautions Mark Davies, London-based CEO of Avox, a business entity data vendor.
EIOPA last month published final guidelines
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