Many market participants will be required to have a legal entity identifier (LEI) under forthcoming European regulations and the need to obtain an LEI will apply to non-EU entities, in many cases. Other regulators, including those in the US and Asia-Pacific, already require industry participants to obtain LEIs. Institutions large and small need to act now to ensure they comply.

ISDA has published a Korean translation of the memo highlighting the pressing need for market participants to obtain an LEI for existing and forthcoming regulatory mandates.