LEI: A Question of Registration
Registering Interest?
In May, a coalition of financial services trade associations published recommendations for global legal entity identifier (LEI) requirements, as requested by regulators and market participants. It was perhaps not a big surprise that it recommended the new identifiers be assigned via a self-registration process, meaning it would not be up to the financial services firm to register all the entities it deals with, but for the entity itself to register.
This model has certainly been tried and tested
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