28 December 2021
Communiqué

ESRB recommendation on the use of the LEI for the identification of legal entities

On 24 September 2020, the ESRB issued a recommendation on the use of LEI codes for the identification of legal entities (see ESRB/2020/12). This recommendation aims at promoting the adoption and the use of LEI codes for all legal entities involved in financial transactions, especially in the context of reportings and public disclosures.

Accordingly, the CSSF would like to encourage all legal entities involved in financial transactions1, under the CSSF’s supervisory remit and that have not been required to have an LEI in the context of existing national or European legislation, to obtain and maintain an LEI.

Also, the CSSF requests supervised entities to identify themselves through an LEI, if available, when communicating and reporting to the CSSF.

1 In accordance with Regulation (EU) No 549/2013 of the European Parliament and the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, financial transaction is defined as the net acquisition of financial assets or the net incurrence of liabilities for each type of financial instrument.”