Regulation Legal Entity Identifiers

Financial Regulatory Use of Legal Entity Identifiers (LEI)

LEI Financial Regulation Summary

Financial regulatory use of Legal Entity Identifiers (LEIs) is driven by the authorities in local jurisdictions. RapidLEI provides the summary information of current legislation where LEIs are required (or proposed as a requirement).

Jurisdiction Master/Base Regulation Impact LEI required
Global Committee on Payments and Market Infrastructures all over-the-counter (OTC) derivatives contracts should be reported to trade repositories (TRs); each transaction identified by a Unique Transaction Identifier (UTI) Recommended
Global Basel Committee on Banking Supervision banks required to include money laundering (ML) and financing of terrorism (FT) within overall risk management Recommended
EU EMIR European Markets Infrastructure Regulation counterparties to derivatives contracts as well as beneficiaries, brokers, Central Counterparty Clearing Houses (CCPs) and clearing members YES
EU MAR Market Abuse Regulation issuers of financial instruments; entities involved or reporting in suspicious transactions YES
EU CRR Capital Requirements Regulation credit and financial institutions YES
EU AIFMD Alternative Investment Funds Directive funds and fund managers YES
EU CRAR Credit Rating Agencies Regulation credit rating agencies and rated entities YES
EU Solvency II Solvency II pension funds and insurance companies YES
EU CSDR Central Securities Depositories Regulation CSDs, CSDs’ participants YES
EU Transparency Directive issuers of financial instruments listed on Regulated Markets YES
EU SFTR Securities Financing Transactions Regulation parties involved in securities financing transactions and the beneficiaries of the rights and obligations arising from YES
EU Prospectus Regulation issuers of securities offered to the public or admitted to trading on a regulated market situated or operating within a EU member state YES
EU MiFID II / MiFIR Markets in Financial Instruments Directive II & Markets in Financial Instruments Regulation Read full MiFID II / MiFIR impact YES
US HMDA Home Mortgage Disclosure Act depository institutions required to collect, report and disclose data about originations and purchases of mortgage loans and applications YES
US SEC Securities Exchange Act proposed rule change relating to adopt FINRA Rule 6800 Series (Consolidated Audit Trail Compliance Rule) YES
Malaysia RENTAS Real-time Electronic Transfer of Funds and Securities System The Financial Markets Committee (FMC) together with Bank Negara adopted LEI for RENTAS YES
India RBI 1934 Reserve Bank of India Act LEI required for over-the-counter (OTC) derivative markets YES
Israel Bank of Israel Order, 5776-2016 financial institutions providing information regarding transactions in foreign currency derivatives, index derivatives and interest rate derivatives YES