LEI Profiling Service
From January 3, 2018, the Markets in Financial Directive (MiFID II/MIFIR) require investment firms to obtain Legal Entity Identifier (LEI) from their clients prior to providing a service that would result in transaction reporting obligation. Market participants will not be able to trade with investment firms if they do not have LEI.
The Thomson Reuters Legal Entity Identifier Profiling Service is a client-specific report that will assist Financial Institutions to identify and resolve gaps within their LEI universes.
How it works
The Thomson Reuters LEI Profiling Service will allow clients to identify those entities which have yet to request LEIs and, equally important, where LEIs exist, their status.
- Clients send their list of entities of interest to Thomson Reuters.
- Thomson Reuters then matches these against the Legal Entity Identifier records stored within the Thomson Reuters Verified Entity Data database (Thomson Reuters maintains 100% LEI coverage daily).
- The Reports are delivered back to clients contain line-by-line status on each LEI submitted.
This white paper gives insight into the modern day hedge fund and the personal liability of hedge fund managers. It also looks into the impact of MiFID II, set to come into force in January 2017.
As the January 3, 2018 MiFID II deadline approaches, many organizations in Europe are solidifying their solutions. But what of companies based outside of the European Union and the EEA? What impact, if any, will MiFID II have on these organizations?
Match, enrich, and maintain legal entity data with Thomson Reuters Verified Entity Data as a Service, an established, market leading legal entity reference data service.
Thomson Reuters Risk and Regulatory Data allows you to support clients affected by a wide range of banking regulations and report on financial risk exposure with greater ease, efficiency, and timeliness.