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Esma: Issues LEI positioning statement | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Esma: Issues LEI positioning statement

Esma: Issues LEI positioning statement

  • ESMA is an independent EU Authority that was established in 2011. It works closely with the national competent authorities
  • Acknowledges the potential reporting implementation issue with respect to securities financing transactions (SFTs)
  • In third-country jurisdictions, LEIs are not widely mandated beyond dealers of derivatives
  • Expects that counterparties, as well as the other entities participating in SFTs, such as agent lenders
  • This would further facilitate the use of their securities by the counterparties subject to SFTR reporting requirements
  • Give advance notice of at least six months to market participants regarding its position on the reporting of LEI

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