Recent Regulator Scrutiny on Unpaired EMIR Transactions
We have recently seen regulators making enquiries to investment firms about pairing and matching discrepancies that have been identified in their reporting.
Use of LEIs Mandatory from October 2024 – use of AVID or BIC as an entity identifier will no longer be possible
From 21 October 2024, only LEIs can be used in ASIC’s derivative reporting. The final version of the rules have been released and require that a Legal Entity Identifier (LEI) is the only allowable entity identifier for all eligible relevant entities.