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Insurance and reinsurance intermediaries – time to assign for the Legal Entity Identifier
13/07/2022

Update on the use of the Legal Entity Identifier (LEI) by insurance and reinsurance intermediaries and insuranc intermediaries

On 5 July 2022, the Commissariat aux Assurances (CAA) issued Circular Letter 22/13 on EIOPA's revised guidance on the use of the Legal Entity Identifier (LEI) by insurance and reinsurance intermediaries and insurance intermediaries.

The EIOPA guidance continues to support the use of a unique and universal identification of parties on financial transactions.

Therefore, the CAA formally invites:

- the insurance and reinsurance intermediaries; and

- insurance intermediaries on a subsidiary basis that carry out cross-border activities in accordance with Directive (EU) 2016/97 (IDD),

to act in accordance with EIOPA's guidelines and apply for the allocation of an LEI code since 5 July 2022.

Please feel free to contact our experts to help you with the LEI code assignment.

Read the Circular Letter here_

 

PIERRE-MICHAËL DE WAERSEGGER - Partner - Insurance & Reinsurance Law

EMMANUELLE MOUSEL - Partner - Insurance & Reinsurance Law

YANN FIHEY - Partner - Arendt Regulatory & Consulting

Related : Arendt

[+ http://www.arendt.com]


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