Featured Product

    LEI ROC Consults on Fund Relationships in the Global LEI System

    September 26, 2017

    LEI ROC published a consultation on fund relationships in the Global Legal Entity Identifier System (GLEIS). Consultation period ends on November 26, 2017. The responses to this consultation will inform the final version of the policy framework that the Regulatory Oversight Committee (ROC) will approve for implementation by the Global LEI Foundation (GLEIF). Implementation would not take place before January 2019.

    The report proposes a limited update to the way relationships affecting funds are recorded in the GLEIS; the objective is to ensure that the implementation of relationship data is consistent throughout the GLEIS and provides a means to facilitate a standardized collection of fund relationship information at the global level. This is being done by providing definition of fund relationships and aligning the cases where the information is necessary to what will be done for direct and ultimate accounting parent entities as defined in the LEI ROC report of March 2016. This collection is also designed to help ensure that relationships affecting an important proportion of entities that have LEI are appropriately covered. The report proposes to replace the current optional reporting of a single “fund family” relationship as part of “Level 1” (reference data of the entity) with certain relationships, as part of “Level 2” data (relationship data):

    The report also discusses and seeks views on whether an entity that has a relationship with a fund should always be reported to the GLEIS using the LEI of this entity (which would, in practice, force such related entities to obtain an LEI, even where they are not required to do so by the law or regulation of the jurisdiction where they are organized and/or do business), or whether the current situation where a name is recorded could be continued, as well as other issues such as the validation and recording of these relationships. This consultation document was developed by the LEI ROC under its Committee on Evaluation and Standards (CES).

     

    Comment Due Date: November 26, 2017

    Keywords: International, Banking, Securities, Fund Relationships, GLEIS, GLEIF, LEI, LEIROC

    Related Articles
    News

    EBA Finalizes Remuneration Standards for Investment Firms in EU

    EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).

    January 21, 2021 WebPage Regulatory News
    News

    ECA Recommends Actions to Enhance Resolution Planning for Banks

    EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.

    January 20, 2021 WebPage Regulatory News
    News

    BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK

    BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.

    January 20, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules on Identity Verification of Depositor Protection

    PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).

    January 20, 2021 WebPage Regulatory News
    News

    FSB Publishes Work Program for 2021

    FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.

    January 20, 2021 WebPage Regulatory News
    News

    FCA Issues Update on Move to New Data Collection Platform

    FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.

    January 20, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Derivation Rules for Reporting by Banks

    Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6484