Now is not the time to procrastinate.
Especially when it comes to acquiring one’s Legal Entity Identifier (LEI), according to one DTCC executive. The time to get LEIs is now as the European Securities and Markets Authority (ESMA) has announced that it will not be extending the LEI grace period.
Larry Thompson, DTCC Vice Chairman, said: “ESMA’s announcement that no additional forbearance will be afforded to market participants means they need to make it a priority to apply for their LEIs ahead of the July 2 expiry date. Furthermore, if firms outside Europe which transact in European markets do not put the necessary measures in place to comply with the MiFID II LEI requirement by this time, they simply will not be able to trade with European counterparties.”
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
Trade affirmations that would make the cutoff time rose only to 74.5% in February.
-
T+1 settlement, operational resilience, and tech innovation are among key themes.
-
MD of Human Resources is proud of her organization's COVID-19 response as well as its focus on DE&I.
-
White paper identifies initial steps financial organizations can take to protect themselves.
-
CEO Mike Bodson expects more asset classes to evolve into digitized forms.