The European Securities and Markets Authority (ESMA) has issued a statement to support the implementation of Legal Entity Identifiers (LEI) requirements under MiFIR.

Among other things the statement provides that to support the smooth introduction of the LEI requirements, ESMA will allow for a temporary period of six months that:

• investment firms may provide a service triggering the obligation to submit a transaction report to the client, from which it did not previously obtain an LEI code, under the condition that before providing such service the investment firm obtains the necessary documentation from this client to apply for an LEI code on his behalf; and
• trading venues report their own LEI codes instead of LEI codes of non-EU issuers currently not having their own LEI codes.

The FCA has also issued a response to ESMA’s statement.

View ESMA issues statement on LEI implementation under MiFID II, 20 December 2017

View FCA response to ESMA’s public statement on LEIs, 20 December 2017