About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Six Financial Information Adds Pre-LEIs from Avox to its Reference Data Services

Subscribe to our newsletter

Six Financial Information is mapping pre-Legal Entity Identifiers (LEIs) provided by Avox to its reference data to help users of its data services meet the reporting requirements of regulations including European Market Infrastructure Regulation (EMIR), which comes into force on 12 February, Dodd-Frank and Solvency II.

The company considered available sources of pre-LEIs in the market and whether to source the identifiers itself before deciding to work with Avox, a legal entity data specialist. Avox will source pre-LEIs from pre-Local Operating Units that allocate the identifiers and provide a consolidated file of LEIs to Six Financial Information. LEIs will be mapped to Six Financial Information’s internal identifiers via Avox identifiers, although this step will not be apparent to users of LEIs provided by Six Financial Information.

Darren Marsh, senior product manager at Six Financial Information, explains: “Our clients need to source LEIs to fulfil their reporting obligations under regulations such as EMIR, Dodd-Frank and Solvency II. We decided to take advantage of a third-party provider of LEIs to enrich our data. As well as using LEIs to meet regulatory requirements, clients can use them for broader reference data management as they help to provide data consistency.”

Six Financial Information is in the process of implementing pre-LEIs in its reference data and plans to make them available to end users from 3 February. Coverage of the identifiers will grow as more are issued. As well as providing LEIs at entity level for regulatory requirements such as reporting under EMIR, Six will provide LEIs at instrument level to support regulatory reporting under Solvency II. LEIs will be included in some services, such as Six’s Solvency II service, but they can also be provided on a standalone basis.

Tim Fox, legal entity data product manager at Avox, comments: “We acknowledge that the LEI is here to stay. There are now about 120,000 pre-LEIs in the market and we expect that number to increase significantly as the EMIR deadline approaches.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Mastering Data Lineage for Risk, Compliance, and AI Governance

Financial institutions are under increasing pressure to ensure data transparency, regulatory compliance, and AI governance. Yet many struggle with fragmented data landscapes, poor lineage tracking and compliance gaps. This webinar will explore how enterprise-grade data lineage can help capital markets participants ensure regulatory compliance with obligations such as BCBS 239, CCAR, IFRS 9, SEC requirements...

BLOG

Predictions for 2025: Regulatory Climate to Impact Data Management as KYC Initiatives Evolve

By Cenk Ipeker, General Manager, Product Management, Cloud, NICE Actimize. As we enter 2025, financial institutions are likely to witness a shift toward more efficient, customer-friendly, and compliant Know Your Customer (KYC) practices. These changes will occur as institutions navigate an evolving regulatory landscape and technological advancements, with data management becoming a key focus area...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...