Solvency II LEI Imperative Makes Progress

Selwyn Blair-Ford, head of global regulatory policy, Wolters Kluwer Financial Services

The Frankfurt-based European Insurance and Occupational Pensions Authority (EIOPA) on August 29 closed submissions for feedback on its draft guidelines, which will oblige insurance and pension providers in the EU to register for the legal entity identifier (LEI).

The advisory body's draft guidelines oblige entities that fall under Solvency II to register for LEIs by June 30, 2015, with smaller organizations following by June 30, 2016. The entities will be required to use the LEI as part of their

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