Meeting Client and Counterparty Identity Requirements Under MiFID II
The January 3, 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) is approaching fast, requiring firms within its scope to ensure they have access to LEIs to identify all clients, counterparties and issuers they deal with. As the industry mantra goes, and in line with MiFID II and its related Markets in Financial Instruments Regulation (MiFIR), No LEI, No Trade.
This white paper, sponsored by Thomson Reuters, explores MiFID II LEI obligations and discusses the results of an A-Team Group survey of entity data executives about their readiness to comply with the requirements. It also considers common misconceptions with respect to the LEI and its use, and examines how survey respondents are preparing to validate the quality of their entity data.
Download the paper to find out about:
- MiFID and MiFIR LEI requirements
- The current LEI landscape
- Best practice approaches to compliance
- Use cases of the LEI beyond MiFID II
- A-Team LEI readiness survey results