Esma: Issues LEI positioning statement
- ESMA is an independent EU Authority that was established in 2011. It works closely with the national competent authorities
- Acknowledges the potential reporting implementation issue with respect to securities financing transactions (SFTs)
- In third-country jurisdictions, LEIs are not widely mandated beyond dealers of derivatives
- Expects that counterparties, as well as the other entities participating in SFTs, such as agent lenders
- This would further facilitate the use of their securities by the counterparties subject to SFTR reporting requirements
- Give advance notice of at least six months to market participants regarding its position on the reporting of LEI
