LEIROC updated the list of regulatory uses of Legal Entity Identifier (LEI) worldwide, as of the end of June 2019. The table on regulatory uses of LEI offers information on the rules set by various regulators worldwide on the use of the LEI for reporting by financial institutions. For each regulation that requires use of LEI for reporting, the table describes the associated regulation, specifies its implementation date, mentions types of groups or institutions involved in reporting, specifies whether LEI is mandatory or optional, informs about the number of associated LEIs, and provides links for source regulations.
The global LEI system was established for a large range of potential uses, which include use by authorities of any jurisdiction or financial sector to assess systemic risk and maintain financial stability, conduct market surveillance and enforcement, supervise market participants, conduct resolution activities, prepare high quality financial data, and to undertake other official functions. It was also established for use by the private sector to support improved risk management, increased operational efficiency, more accurate calculation of exposures, and other such needs. In addition to the use of the LEI for derivatives reporting, which entered into force in major markets, authorities have extended reporting requirements for the LEI, where appropriate, to the banking sector, securities issuance, investment holdings for insurance and funds, and other uses such as identification of firms in credit registers.
Keywords: International, Banking, Insurance, Securities, Pensions, LEI, GLEIS, Reporting, LEIROC
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