Financial transactions - overview of related articles - Australia LEI
From 1 April 2019, market participants are required to comply with ASIC Derivative Transaction (Reporting) Rules (F2015C00262)

News – Financial transactions

When do you need a Legal Entity Identifier?

ASIC has been increasing supervision over the Australian Derivatives market over the past years. In 2013, they introduced the ASIC Derivative Transaction (Reporting) Rules (F2015C00262), which require counterparties to OTC derivative transactions to identify the various parties (except individuals) to the transaction. This can be achieved via several mechanisms, of which an LEI code is […]

History of the Legal Entity Identifier System

Prior to 2012, Legal Entity Identifiers (also known as LEI codes or numbers, or simply as LEIs) did not exist. Instead, each country used their own codes and systems to track financial transactions. The result of this is that it was nearly impossible to identify counterpart transactions within the global market. This meant that it […]

The business benefits of LEI adoption

LEIs are quickly being adopted by jurisdictions around the world. The unique 20-digit codes are now mandatory for many companies operating within Europe, North America, Australia, and Asia. While registering for an LEI may be compulsory for your company, the widespread adoption of LEIs comes with a host of benefits for financial services businesses. Promoting […]

What are the MiFID II and EMIR and why do they matter?

The MiFID is the Markets in Financial Instruments Directive and has been in force across the EU since late 2007. The MiFID sets out: Conduct requirements for businesses and investment firms; Authorisation requirements for regulated markets; Regulatory reporting to avoid market abuse; Trade transparency obligations for shares; and Rules regarding the admission of financial instruments to trading. […]

The importance of trust in Identity in the digital Age

As digital solutions become increasingly omnipresent, the importance of implementing mechanisms to establish trust in identity in the digital age increases too. Keeping our online identities safe is one side of the coin; keeping ourselves safe as we transact with faceless customers is the other. The complexity only increases when we consider the business transactions […]