Hong Kong regulators to enhance the OTC derivatives regulatory regime LeapRate

March 27, 2018 BY Valentina Kirilova

Hong Kong regulators to enhance the OTC derivatives regulatory regime

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a joint consultation on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong, including a proposal to mandate the use of the Legal Entity Identifier (LEI) for the reporting obligation. To align with global standards, all entities…

September 25, 2017 BY LeapRate Staff

Citi units fined for Legal Entity Identifier (LEI number) failures

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) - all units of global banking giant Citigroup Inc. (NYSE: C) - for failing to report Legal Entity Identifier (LEI) information for swap transactions properly to a Swap Data Repository (SDR), failing to…

September 20, 2017 BY LeapRate Staff

CySEC issues directives for FX brokers on acquiring a Legal Entity Identifier (‘LEI’) number

CySEC financial regulator CySEC has issued a circular regarding the requirement for regulated companies to acquire an LEI number, before EU MiFID II rules kick in on January 3, 2018. What is an LEI number? LEI, or Legal Entity Identifier, is a unique identifier for persons that are legal entities or structures including companies, charities and…

Tag: Legal Entity Identifier