Insurance and reinsurance intermediaries – time to assign for the Legal Entity Identifier

update on the use of the Legal Entity Identifier (LEI) by insurance and reinsurance intermediaries

11/07/2022

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.

Read the Circular Letter here_

Contacts

Emmanuelle Mousel

Partner

Banking & Financial Services, Insurance & Reinsurance Law

Pierre-Michaël de Waersegger

Partner

Banking & Financial Services, Insurance & Reinsurance Law

Yann Fihey

Partner

Regulatory & Consulting, DAC 6, FATCA - CRS - CbCR

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