Esma Issues LEI Brief, Urges Firms to Step up Efforts

The European Securities and Markets Authority (Esma) urges market participants to take action now to obtain their LEI code before the Mifid II January 3, 2018 deadline.

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With the regulation’s implementation date less than three months away, Esma is making efforts to raise industry awareness and facilitate compliance with the LEI requirements via a brief issued October 9.

From January 3, Mifid II’s ‘No LEI, No Trade’ requirement mandates all entities trading with European counterparties across all asset classes to obtain an LEI code.

“Based on its previous experience with EMIR reporting, Esma urges reporting entities not to delay in addressing this important m

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