Late LEI registrations might not be ready for January 2018, Gleif says

If firms leave their LEI registration application until the last quarter of 2017, they might not receive their identifier in time

Crucial code: failure to obtain a unique LEI will prevent financial firms from trading on EU venues

The Global Legal Entity Identifier Foundation (Gleif) has warned market participants that if they wait until the last three months of this year to register for legal entity identifiers (LEI), they run the risk of becoming ineligible for trading on European Union venues.

The second Markets in Financial Instruments Directive (Mifid II) and Markets in Financial Instruments Regulation (Mifir) reporting obligations come into effect in January 2018. The latest round of new regulations will require

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