Temenos Regulatory Compliance

Legal Entity Holder (LEI)

The Legal Entity Identifier (LEI) is a 20-digit, alphanumeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions.

The Financial Stability Board (FSB) has stated that global LEI adoption underpins “multiple financial stability objectives” such as improved risk management in firms as well as better assessment of micro and macro-prudential risks.

As such, the use of LEI is mandated for use in several international and domestic regulations including:

  • EU: MiFID II/MiFIR, EMIR, AIFMD, SFTR, Solvency II, Prospectus Regulation, Ana Credit, CSDR
  • North America: Derivatives Act, Dodd-Frank (CFTC), NAIC
  • APAC: OTC Derivatives reporting; Singapore (MAS), Hong Kong (HKMA), Australia (ASIC)

LEI Transaction Control

Configurable rules to enable clients to identify which transactions should be captured under MiFID rules and retrieve and validate LEIs and generate NICs (National Identification Codes) to identify legal entities and natural persons as transaction counterparts.

Validate LEI Data Against Other Bank Systems

The capability to interface with other bank systems that also store or process LEI data to ensure completeness and consistency of internal operations and for use in regulatory reporting.