Meeting Client and Counterparty Identifier Requirements Under MiFID II

No LEI No Trade

January 3rd 2018 deadline for Markets in Financial Instruments Directive II (MiFID II) is fast approaching. It requires firms within scope to ensure they have a Legal Entity Identifier (LEI) to identify all clients, counterparties and issuers. 

In partnership with the A-Team, Thomson Reuters has commissioned a survey with a group of entity data executives about their readiness to comply with LEI MiFID II requirements. It considers requirements for large financial institutions, corporates, smaller investment managers and non-European organisations. The real concerns are that a lack of LEI registrations by clients come January 3, 2018 could create a stop to some trading relationships and transactions.

Read the report to get further insights:

  • MiFID II LEI requirements
  • Current LEI landscape
  • Insights into LEI coverage and use cases
  • Best practice approach to LEI
  • Future state of LEI beyond MiFID II 

More than half responders indicated their organisation had 74% or less LEI coverage for their ‘entities of interest’.

 

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