The European Insurance and Occupational Pensions Authority (EIOPA) issued
today its Guidelines on the use of the Legal Entity Identifier (LEI) in
all the official languages of the EU. According to them, national
competent authorities (NCAs) should ensure that all institutions under
their supervisory remit obtain a LEI code. The use of LEI will apply to
all information collected by EIOPA including Solvency II reporting and
registers.
Within 2 months, the NCAs should confirm to EIOPA their compliance or
intention to comply with the Guidelines on the use of LEI that will become
applicable on 31 December 2014.
With these Guidelines, EIOPA supports the adoption of the LEI system
proposed by the Financial Stability Board (FSB) and endorsed by the G20,
aimed at achieving a unique, worldwide identification of parties to
financial transactions. EIOPA believes that the use of LEIs will enhance
supervisory convergence and overall efficiency of the supervisory system
while ensuring the high quality, reliability and comparability of data.
In addition EIOPA publishes the Final Report on the public consultation on
the draft Guidelines related to the use of LEI, which contains the impact
assessment of the Guidelines and EIOPA's Feedback Statement on the
public consultation. The language versions of the Guidelines and other
documentation can be viewed here (Link:
https://eiopa.europa.eu/publications/eiopa-guidelines/guidelines-on-the-use-of-the-legal-entity-identifier/index.html
).
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Phone: +49 69 951119-20
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info@eiopa.europa.eu
https://eiopa.europa.eu
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