London Stock Exchange endorsed as a globally accepted Local Operating Unit in the Global LEI System

  • Regulatory Oversight Committee endorses London Stock Exchange  for global acceptance into the Interim Global LEI System
  • International Entity Identifier codes accepted for both Dodd Frank regulatory reporting and upcoming EMIR regulations
  • Consolidated file of all globalLEI codes available on UnaVista
  • Firms can now port their LEI to London Stock Exchange

The Regulatory Oversight Committee (ROC) of the Global LEI System (GLEIS) announced that the London Stock Exchange has been endorsed as a globally accepted Local Operating Unit (LOU) for the allocation of LEIs .

The Global Legal Entity Identifier System (GLEIS) is being established by the ROC to provide a greater view of systemic risk and improve analytics of global positions and transactions. The GLEIS requires financial entities to register for a LEI with a Local Operating Unit (LOU) creating a unique and unambiguous way to identify legal entities.

London Stock Exchange was sponsored by the FCA to be a LOU in June 2013, and commenced allocation of International Entity Identifiers (IEI) from August 2013. Following demonstration of its ability to meet the Principles and Recommendations set out by the ROC IEIs are now globally accepted for cross border regulatory reporting purposes under both Dodd Frank and EMIR. Firms that would like their LEI to be managed by the London Stock Exchange can now arrange to port their code over.

Mark Husler, Head of Product Management, Information Services, London Stock Exchange Group, stated:
“The LEI is an important initiative to help create transparency in the market place. The ROCs endorsement of London Stock Exchange means that firms can now use International Entity Identifier to satisfy all of their global regulatory reporting requirements, such as EMIR, Dodd-frank and others. Through our UnaVista platform the industry can request their own LEI for each of their entities and access a consolidated file of all LEIs through our UnaVista platform.”

London Stock Exchange has had over 2,000 new users on its UnaVista platform since the launch of its LEI functionality, many of the users interested in accessing the largest database of LEIs in the world, which includes from every pre-LOU including Turkey, Ireland and Netherlands.

UnaVista is a matching and reconciliation platform that allocates ISINs and SEDOL codes globally. UnaVista has over 700 clients processing over 1.5 billion transactions a year on its MiFID Transaction Reporting service and provides a number trade confirmation, matching and reconciliation services designed to help reduce operational and regulatory risk. UnaVista has also been approved by ESMA to be a trade repository across all asset classes.

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For further information:

Media 
Ed Clark +44 (0)20 7797 1222
newsroom@lseg.com

Notes to editors:

About UnaVista:

UnaVista is a matching and reconciliation platform that allocates ISINs and SEDOL codes globally. UnaVista has over 700 clients processing over 1.5 billion transactions a year on its MiFID Transaction Reporting service and provides a number trade confirmation, matching and reconciliation services designed to help reduce operational and regulatory risk. UnaVista has also been approved by ESMA to be a trade repository across all asset classes.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European MTF, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com