On 3 February 2025, the European Securities and Markets Authority published the results of its survey conducted last October on legal entities identifiers (LEIs).
The purpose of the survey was to collect feedback from market participants on the opportunities and challenges, costs and benefits, of using different identifiers (other than the LEI) in future financial reporting more broadly.
Among other things the survey results note an overwhelming preference for the LEI as the legal entity identifier for reporting and the very high costs associated with gearing the reporting systems of financial firms towards additional identifiers.