Thursday October 6 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: Luxembourg
Link: http://www.luxcsd.com/luxcsd-en/products-and-services/luxembourg-lei-service
It has been reported that the Luxembourg Stock Exchange as operator of the Luxembourg officially appointed mechanism will from 1st January 2017 accept legal entity identifiers as the exclusive identifiers for issuers.
The change will result in the obligation for all issuers with Luxembourg as their home Member State within the meaning of Article 2(1)(i) of the Transparency Directive to obtain an LEI by the end of 2016.
LuxCSD has been sponsored as the pre-LOU (Local Operating Unit) of the Global Legal Entity Identifier System for Luxembourg domiciled entities and investment funds. Endorsed by the G20, the Global LEI System (GLEIS) infrastructure will enable regulators and organisations to more efficiently manage their exposures and risk by use of the classification scheme known as LEIs. The LEI is a unique 20-character ID (compliant to ISO 17442:2012) which enables interested parties to easily identify legal entities and/or funds involved in financial market operations.
Click on the link above for further details.