The Global Legal Entity Identifier Foundation (GLEIF) updated the list of current and proposed regulatory activities, including the use of Legal Entity Identifier (LEI). The list contains details, including links to domestic implementation documents, for jurisdictions where LEI is required, along with the effective date of regulatory requirements. GLEIF is also urging organizations across Europe to go beyond the European Single Electronic Format (ESEF) requirements to include LEI within the electronic signatures of signing officers, to maximize trust in document authenticity and integrity. GLEIF has demonstrated how simple it is to use and benefit from this feature, by embedding its own LEI in the signing officers’ digital signatures within its 2020 annual report published in August 2021. ESEF’s mandatory inclusion of an LEI within financial reports automatically links the filing entity to its annually verified LEI reference data held within the Global LEI Index, which is free to access online. This empowers market participants who rely on official documents to inform strategic decisions to quickly and easily consolidate and verify information on a filing entity.
Keywords: International, EU, Banking, Insurance, Securities, Regulatory Activities, Reporting, GLEIS, ESEF, LEI, Annual Report, GLEIF
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