Esma’s LEI Xmas Extension: Last-Minute Gift or Lump of Coal?
Jamie Hyman talks with an LEI issuer, advocate and end-user about how Esma’s LEI grace period will impact operations during the first half of 2018.
More than 1 million Legal Entity Identifiers (LEIs) were registered in the lead-up to the January 3, 2018 deadline for compliance with Europe’s revised Markets in Financial Information Directive (Mifid II). Yet that number still falls far short of the estimated number of LEIs necessary as mandated under Mifid II’s rules, which require nearly every company, charity, trust, or fund to obtain an identifier.
As a result, five days before Christmas and two weeks before Mifid II’s deadline, pan
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