Bloomberg approved as LEI issuer

Bloomberg has received approval to issue and maintain legal entity identifiers (LEIs) as an accredited local operating unit (LOU) of the Global LEI System (GLEIS). The business and financial information group joins a select network of LOUs accredited by the Global Legal Entity Identifier Foundation (GLEIF) to create, assign and maintain LEIs, which are increasingly being utilised by regulators to provide greater transparency into financial markets and lower risk for market participants. This will directly impact compliance with Europe’s markets in Financial Instruments (MiFID II), which has a clear directive: “No LEI, No trade” and European Market Infrastructure Regulations (EMIR) reporting.

Bloomberg can now issue and maintain LEIs for entities through its LEI request and registration portal:lei.bloomberg.com.

Entities that need, or are required to obtain, an LEI can use Bloomberg’s portal to register for a new LEI and maintain, renew, or even transfer existing LEIs from existing LOUs to Bloomberg. The site provides for ease of use while maintaining the basic tenets of privacy and service. Entities will be able to apply for LEIs through the Bloomberg LOU in one of three ways:

1. Directly through the Bloomberg LOU website at lei.bloomberg.com.
2. Via Bloomberg’s Entity Exchange, a platform for securely exchanging data and documents related to opening and maintaining trading accounts.
3. On the Bloomberg Terminal at LEI <GO>.

“Accreditation is the process by which GLEIF evaluates the suitability of organizations seeking to operate within the Global LEI System as issuers of LEIs and custodians of LEI reference data,” said Stephan Wolf, chief executive officer (CEO) of GLEIF. “Becoming a member of the Global LEI System via GLEIF accreditation is a globally recognised designation of commitment to data quality and customer service. GLEIF looks forward to cooperating with Bloomberg in its role as an accredited LEI issuer.”

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