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.
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