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EMIR, Mifid

“Registration agents” to help clients obtain LEIs

MiFID II requires that investment firms provide reports which use Legal Entity Identifiers (LEI) as codes for counterparties. At this stage, many counterparties have not yet obtained LEIs, which will lead to an issue when reporting.

GLEIF, the Global LEI Foundation, have now introduced the concept of a “registration agent”, where an entity may help others to obtain an LEI. The concept is described here on GLEIF’s web site. Agent status  allows an entity to help their client obtain an LEI and handle the process for them.

The concept of the registration agent is alluded to in the Q+A document on MiFID data reporting, which was recently updated and can be found here.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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