EU trading venues warn over looming end of LEI relief

Speeding towards the deadline: despite extra time offered by Esma to obtain identifiers, some issuers still lack them

Samuel Wilkes
@wilkkes
29 Jun 2018

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European trading venues are sounding the alarm over the consequences of potentially having to delist certain securities because their issuers still do not have a legal entity identifier (LEI), once a six-month relaxation in LEI rules expires on July 2.

The consequences could include lower liquidity in those securities, a return to over-the-counter trading, migration of some business to countries outside of the European Union and an impact on investors’ strategies.

The LEI requirements were

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