Your weekly LEI roundup with highlights from the LEI ecosystem.
In this series, we aim to bring you the latest news from the LEI ecosystem, so you can start the week one step ahead.
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March Issuance Stats
March was a very busy month for the LEI ecosystem in general. RapidLEI issued the second highest number of new LEIs in our history. These last months of consistent growth have helped us hit a new milestone – over 80k organisations now have LEIs under management with RapidLEI.
March Global LEI Data Quality Report
The Global Legal Entity Identifier Foundation (GLEIF) has published March’s “Global LEI Data Quality Report” which provides high-quality and standardized entity reference data, identifying the overall data quality within the Global LEI System.
RapidLEI Data Quality
RapidLEI recorded just 9 data quality issues for March. This reinforces the commitment to data quality enforced by the RapidLEI platform and vetting team.
Check out RapidLEI’s LEI statistics page for the latest data quality trends and insights for three top LOUs – RapidLEI, GMEI Utility (DTCC) and Bloomberg.
FCA extends the period for reporting LEIs of non-EEA Third Country Issuers Under UK SFTR
The Financial Conduct Authority (FCA) has recently announced the extension of the period during which reports under UK SFTR without the LEI of a non-EEA third country issuer are accepted. The mentioned reports are not required to be submitted until at least 13 April 2022. The FCA also recognizes that there are still many non-EEA third country issuers lacking an LEI.
GLEIF publishes March’s BIC-to-LEI Relationship File
This file matches a Business Identifier Code (BIC) assigned to an organization against its Legal Entity Identifier (LEI). The BIC-to-LEI relationship file is built upon a mapping process established by SWIFT and certified by GLEIF which allows market participants to connect and cross-reference these key entity identifiers, making easier the process of gathering counterpart information and reducing the cost related to entity verification.
The latest published BIC-to-LEI relationship file can be found on GLEIF’s website.
More LEI news from around the web
- Bank of England: Delivering data standards and transforming data collection in financial services.
- Digest MyHQ: Legal Entity Identifier – Everything you need to know about LEI in India.
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About The Author: Elena Sanz
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