Regulatory Use of Legal Entity Identifiers

Finance & Banking Industry

LEI Resources

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).

JurisdictionMaster/Base RegulationImpactLEI required
GlobalCommittee on Payments and Market Infrastructuresall over-the-counter (OTC) derivatives contracts should be reported to trade repositories (TRs); each transaction identified by a Unique Transaction Identifier (UTI)Recommended
GlobalBasel Committee on Banking Supervisionbanks required to include money laundering (ML) and financing of terrorism (FT) within overall risk managementRecommended
EUEMIREuropean Markets Infrastructure Regulationcounterparties to derivatives contracts as well as beneficiaries, brokers, Central Counterparty Clearing Houses (CCPs) and clearing membersYES
EUMARMarket Abuse Regulationissuers of financial instruments; entities involved or reporting in suspicious transactionsYES
EUCRRCapital Requirements Regulationcredit and financial institutionsYES
EUAIFMDAlternative Investment Funds Directivefunds and fund managersYES
EUCRARCredit Rating Agencies Regulationcredit rating agencies and rated entitiesYES
EUSolvency IISolvency IIpension funds and insurance companiesYES
EUCSDRCentral Securities Depositories RegulationCSDs, CSDs’ participantsYES
EUTransparency Directiveissuers of financial instruments listed on Regulated MarketsYES
EUSFTRSecurities Financing Transactions Regulationparties involved in securities financing transactions and the beneficiaries of the rights and obligations arising fromYES
EUProspectus Regulationissuers of securities offered to the public or admitted to trading on a regulated market situated or operating within a EU member stateYES
EUMiFID II / MiFIRMarkets in Financial Instruments Directive II & Markets in Financial Instruments RegulationRead full MiFID II / MiFIR impactYES
USHMDAHome Mortgage Disclosure Actdepository institutions required to collect, report and disclose data about originations and purchases of mortgage loans and applicationsYES
USSECSecurities Exchange Actproposed rule change relating to adopt FINRA Rule 6800 Series (Consolidated Audit Trail Compliance Rule)YES
MalaysiaRENTASReal-time Electronic Transfer of Funds and Securities SystemThe Financial Markets Committee (FMC) together with Bank Negara adopted LEI for RENTASYES
IndiaRBI 1934Reserve Bank of India ActLEI required for over-the-counter (OTC) derivative marketsYES
IsraelBank of Israel Order, 5776-2016financial institutions providing information regarding transactions in foreign currency derivatives, index derivatives and interest rate derivativesYES