LEI Requirements in the EU Securities Financing Transactions Regulation (SFTR)

[3] In order to ensure a smooth introduction of the LEI requirements under the SFTR reporting regime, the European Securities and Markets Authority (ESMA) will allow, for a period of up to twelve months following the activation of SFTR reporting requirements, submission of reports that omit the LEI of third-country issuers (that do not have an LEI) regarding securities that are lent, borrowed or provided as collateral in an SFT . The partial relaxation of the validation rules only applies to the LEIs of third-country issuers, and the temporary measure will be in place only until 13 April 2021.


[1] https://www.esma.europa.eu/sites/default/files/library/esma70-145-238_lei_briefing_note.pdf

[2] Pursuant to Article 2 Commission Delegated Regulation 2019/363 the following entities shall be identified with the LEI: beneficiaries, brokers, CCPs, clearing members, agent lenders, CSD participants, tri-party agents, report submitting entities and entities responsible for reporting.

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