LEI reporting initiative defended, despite high lapse rate

Operators of legal entity identifiers hope Mifid II will spur greater adoption

Many funds-of-funds could cease to exist
Ebb and flow: some legal entities decide not to pay the fee, so their status changes to 'lapsed' – Wolf

The official body responsible for overseeing legal entity identifiers, the Global LEI Foundation (Gleif), is convinced the initiative will make progress, despite data showing a third of LEIs are not being renewed.

"The legal entity is obliged to give us any change in their status, but sometimes they don't, so our LOUs [local operating units] check on legal entities every year to make sure the data is still accurate," says Stephan Wolf, chief executive of Gleif. Since the LOUs charge for this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here