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It has been recognised that the lack of a commonly used identifier has a negative impact on the quality of data collection, storage and dissemination, making these processes costly and less efficient for national supervisors and EIOPA. The purpose of the current draft Guidelines is to facilitate the use of LEIs as unique identification codes for (re)insurance undertakings as well as for institutions for occupational retirement provision.
With these Guidelines, EIOPA supports the adoption of the LEI system proposed by the Financial Stability Board and endorsed by the G20. This system aims at achieving a unique, worldwide identification of parties to financial transactions.
The consultation will end on 29 August 2014. Please note that comments submitted after the deadline or not submitted on the provided template cannot be processed.
Consultation paper and template for comments