Company & Corporate Law
Companies that own or trade in shares need to get an LEI code as of the 3rd of January 2018.
According to EU Regulation no. 600/2014, banking and financial institutions must present to their supervising authorities reports containing complete and accurate details of executed transactions. This starts from the 3rd of January 2018. In order to achieve this reporting, the identification of the legal entities (companies) involved in the transactions is done through the Legal Entity Identifier