Aileen Lynch: LEI-d back approach? MiFID II and the LEI

As you are all no doubt aware, the Markets in Financial Instruments Directive II (MiFID II) comes into force next year, with one of its key objectives being market transparency. The arrival of MiFID II will see a new section added to the Financial Conduct Authority (FCA) Handbook, which refers to the requirement to make transaction reports to the FCA with regard to certain financial instruments. These reports have to be completed for all clients and, where the client is not a natural person - that is, an individual - confirmation of their ‘Legal Entity Identifier' (LEI) will be requir...