#EFIS1316642ADecree on Conditions for Awarding Legal Entity Identifiers
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law assigns the responsibility of issuing Legal Entity Identifiers (LEIs) to French companies and investment fund entities to the national statistics and economic studies institute. A certification is required annually, and there are fees for both the issuance and renewal of the identifier. It primarily affects French corporations and investment entities seeking these identifiers.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Legal Entity Identifiers will be provided by the national statistics institute.
- Annual certification of identifiers is mandatory.
- Issuance and annual certification have associated fees.
Obligations
What this law requires
French corporations and collective investment undertakings in securities must request a Legal Entity Identifier (LEI) from the Institut national de la statistique et des études économiques (INSEE) if they wish to obtain one
LEI holders must undergo annual certification of their Legal Entity Identifier
Pay a fee of €100 for the issuance of a Legal Entity Identifier
Pay an annual fee of €50 for each annual certification operation of the Legal Entity Identifier
French corporations and collective investment entities in securities must submit a request to the Institut national de la statistique et des études économiques (INSEE) to obtain a Legal Entity Identifier (LEI)