Eric Juzenas, director of regulatory advisory at Chatham Financial, noted that the European Union is stricter in some areas in data reporting and validation than the US. “The EU has specified that trades cannot be reported without an LEI, and that, for reporting, LEIs must be maintained through annual recertification with an LEI provider,” he said. “There is no such explicit requirement In the US, though the CFTC may consider it as it reviews its reporting rules.”
ESMA: get your LEIs ready for MiFIR
October 10, 2017
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