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EMIR, Mifid

LEI issues under EMIR and MiFID II

Both the updated reporting requirements under EMIR (see here) and MiFID II will require transactions to be reported, using the Legal Entity Identifier (LEI) to specify the parties to a trade.
This week, ESMA issued this briefing note reminding market participants of their obligation to obtain LEIs. Under MiFIR, transaction reports made by Investment Firms must use LEIs to identify many types of party. In some cases, it is not permitted to enter into transactions with an entity unless an LEI has been obtained from them. The issue has also been reported here on the Reuters web site.
This is another piece of work that must be undertaken by firms in order to be ready for MiFIR, EMIR and other regulations.

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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