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Maijoor defends late LEI relief amid industry frustration

Esma chairman says early Mifid relief would have removed incentives to register LEIs

Steven Maijoor Esma
Steven Maijoor, Esma: “The relief was right on time and at the right moment”

Steven Maijoor, chairman of the European Securities and Markets Authority (Esma), has defended the timing of a last-minute temporary relief granted to European Union market participants. The relief focused on the requirement to trade only with counterparties that have a unique legal entity identifier (LEI) under rules that entered into force on January 3.

“The relief was right on time and at the

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