The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published on 18 October 2024 a survey on legal entities identifiers, aiming to gather evidence on the impacts of including alternatives for reporting or record keeping requirements.
In the context of the ongoing discussions on the use of alternative identifiers for legal entities and considering the recent European Supervisory Authorities' (ESAs) opinion on this topic, ESMA is consulting the industry. Through this survey ESMA aims to raise awareness about recent developments and to collect feedback on the potential impacts of adding other alternatives to the Legal Entity Identifier (LEI) in future reporting or record keeping regimes, or in the review of existing reporting requirement.
This survey is addressed to financial market participants subject to one or multiple reporting regimes, to entities such as Crypto Asset Service Providers (CASP) which will be subject to record keeping requirements under the Markets in Crypto Assets Regulation (MiCA), as well as financial entities subject to the Digital Operational Resilience Act (DORA).
FEBIS Regulatory Committee will be working on the issue and assess the possibility of providing a common answer by the deadline of November 12, 2024.
If you are interested in joining FEBIS Regulatory Committee to work on this and other matters, please contact secretariat@febis.org.
Source: ESMA
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