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 right moment… We had the right balance giving the strongest possible incentive to have as many as

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