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Strate has been approved to issue Legal Entity Identifiers

South African legal entities who have to comply with European regulations to execute a transaction with European counterparts can now apply to Strate for their Legal Entity Identifier (LEI), which is being used by regulators to provide greater transparency into financial markets and counter party exposures.   From June 2018, firms subject to MiFID II transaction […]

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Strate’s new offering to the market – Legal Entity Identifier (LEI) services

During the financial crisis and collapse of Lehman Brothers in 2008, it became evident that regulators and private sector managers were unable to readily identify the full extent of the market participants’ exposure to Lehman and the interconnectedness of financial institutions.   This gave rise to the Regulatory Oversight Committee (ROC), which was founded by […]

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Application to Become a Local Operating Unit for Legal Entity Identifiers Underway

During 2014 Strate’s regulator, the Financial Services Board (FSB), announced that Strate had been allocated a globally unique four-digit prefix that it will use to issue Legal Entity Identifiers (LEIs). Strate has now applied to become a fully-operational local operating unit (LOU) to the Regulatory Oversight Committee (ROC).   The LEI is a 20-digit, alpha-numeric code, to […]

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