Asian countries should speed up the issuance of legal entity
identifiers (LEIs) in light of the Markets in Financial
Instruments Directive (Mifid) II’s upcoming
implementation in January 2017, has warned John Mason, global
head of regulatory & market structure propositions at
Thomson Reuters in London.
Under the new Mifid II regime, investment firms and
financial institutions executing transactions in financial
instruments for their clients will be required to include their
clients’ LEIs in transaction reports filed with
But Mason, speaking at Thomson Reuters’
Asia-Pacific Buyside Summit on May 2017, expressed concerns
about the significantly low issuance of LEIs in Asia to date.
He pointed out that while about 500,000 LEIs have been created
globally to date, only 10,000 of them have been issued in
"Asia is definitely delinquent, if I can use that word, in
terms of the number of...