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.
PIERRE-MICHAËL DE WAERSEGGER - Partner - Insurance & Reinsurance Law
EMMANUELLE MOUSEL - Partner - Insurance & Reinsurance Law
YANN FIHEY - Partner - Arendt Regulatory & Consulting