Trade associations start request for proposal process for LEI identifier

Self-registration is preferred operational model, with each legal entity paying an annual fee to cover costs

Mike Atkin

The introduction of a global legal entity identifier (LEI) appears to be fast approaching, with a coalition of trade associations releasing detailed requirements in May for the new identifier and embarking on a new project phase to reach consensus on which organizations offer the best solutions for the industry.

The report, aimed at providing regulators and other market participants with initial findings, covers areas such as the scope of an LEI, necessary attributes and fee structure.

The next

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