On April 6, the UK Financial Conduct Authority (FCA) announced that legal entity identifiers (LEIs) of non-EEA third country issuers will not need to be reported under the UK version of the European Union’s Regulation on reporting and transparency of securities financing transactions (UK SFTR), until at least April 13, 2022.
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New FAQs Published Regarding the Post-Trade Name Give-Up Rule in CFTC Regulation 37.9(d)
By Kevin M. Foley & Elizabeth Organ on
Posted in CFTC
The Commodity Futures Trading Commission has published certain FAQs prepared by the Division of Market Oversight (DMO) in response to questions from market participants on the post-trade name give-up rule prior to the November 1 compliance date.
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ESMA Issues SFTR Guidelines
Posted in EU Developments, Financial Markets
On January 6, the European Securities and Markets Authority (ESMA) issued a series of documents concerning the Securities Financing Transaction Regulation (SFTR). SFTR came into force in January 2016, and the reporting obligations will “go live” on April 13.
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ESMA Updates MiFIR Data Reporting Q&As
Posted in EU Developments, Financial Markets
On February 4, the European Securities and Markets Authority (ESMA) published an updated version of its questions and answers document (Q&As) on data reporting under the Markets in Financial Instruments Regulation (MiFIR).
The updated Q&A includes four new questions that cover reporting the legal entity identifier (LEI) of issuers to the financial instruments reference database …
LEI ROC Consults on Fund Relationships in GLEIS
Posted in EU Developments, Financial Markets
On November 19, the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) published its second consultation paper on fund relationships in the Global Legal Entity Identifier System (GLEIS).
In its second consultation paper, LEI ROC explains that a significant proportion of entities that have a legal entity identifier (LEI) are investment funds. Consequently, LEI ROC proposes a limited update to the way relationships affecting funds are recorded in the GLEIS. The update aims to ensure that the implementation of relationship data is consistent throughout the GLEIS and to provide a means to facilitate a standardized collection of fund relationship information at the global level.
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ESMA Confirms No Extension to LEI Introduction Period
Posted in EU Developments, Financial Markets
In a press release of June 20, the European Securities and Markets Authority (ESMA) confirmed that the temporary introduction period for the use of legal entity identifiers (LEIs) will not be extended beyond July.
The six-month period was designed to allow for a smooth introduction of the revised Markets in Financial Instruments Directive (MiFID II),…
Legal Entity Identifier Regulatory Oversight Committee Issues Second Progress Report
Posted in EU Developments, Financial Markets
On May 2, the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) published its second progress report, which included an overview of the Global Legal Entity Identifier System (GLEIS), regulatory uses of the LEI and LEI ROC’s activities. The LEI ROC’s first progress report was published on November 5, 2015.
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ESMA Publishes Statement on LEIs under MiFIR
Posted in EU Developments
On December 20, 2017, the European Securities and Markets Authority (ESMA) published a statement intended to support a smooth introduction to the legal entity identifier (LEI) requirements of the Markets in Financial Instruments Regulation (MiFIR).
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FCA Publishes Issue 54 of Market Watch Newsletter
By Nathaniel Lalone & Neil Robson on
Posted in Financial Markets, UK Developments
On November 8, the UK Financial Conduct Authority (FCA) published issue 54 of Market Watch, its newsletter on market conduct and transaction reporting issues.
With the January 3, 2018 implementation date of the revised Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR) fast approaching, Market Watch contains articles relating to:
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ESMA Highlights Importance of LEI for MiFID II Compliance
Posted in EU Developments
On October 9, the European Securities and Markets Authority (ESMA) published a briefing (Briefing) on the importance of the legal entity identifier (LEI) in enabling firms to comply with their obligations under the revised Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR), beginning January 3, 2018.
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