Business Standard

New Legal Entity Identifier (LEI) Regulations for Insurers and Loaners

Since 2018, LEI Register has been offering Legal Entity Identifier (LEI) codes, which have become the key measure for improving the quality and accuracy of financial data systems

LEI
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LEI

Since 2018, LEI Register has been offering Legal Entity Identifier (LEI) codes, which have become the key measure for improving the quality and accuracy of financial data systems. It has helped to reduce financial risks in the global crisis as well as tremendously speed up the data validation process for financial service providers. The LEI code is a 20- character unique identity code assigned to all entities who are involved in any financial transactions.

As advised by the Financial Stability Development Council, Sub-Committee (FSDC-SC), new Legal Entity Identifier regulations are going to apply

  • All insurers
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