EIOPA mandates European Insurers and ORPS to adopt LEI

EIOPA published in September 2014 its final Report following consultation 14037 on the proposal for guidelines in the use of the LEI by European Insurers and Pension Funds.

Main takeaway: Entities within the scope of the Solvency II Directive are required to have requested the LEI code by 30 June 2015 at the latest. All other entities including IORPs by 30 June 2016 at the latest.

The Guidelines further recommend that entities reporting Solvency II information are required to obtain a LEI code for all entities, regulated and non regulated, that are part of the group on which information is required under their reporting obligations.

The link to the publication can be found here: https://eiopa.europa.eu/Publications/Guidelines/19.1._EIOPA-OS-14-026_Guidelines_LEI_final_report_clean_PUBLISHEDWEBSITE.pdf

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