December 20, 2017 / 8:54 AM / a month ago

BRIEF-UK's FCA Responds To ESMA's Statement On Legal Entity Identifier needs for MiFID II

Dec 20 (Reuters) - UK‘S FCA

* FCA RESPONSE TO ESMA‘S PUBLIC STATEMENT ON LEIS

* UK‘S FCA- RECOGNISES THE IMPORTANCE OF LEIS TO DELIVER SAFER AND CLEANER MARKETS

* UK‘S FCA- RECOGNISES THE NEED THAT ESMA HAS IDENTIFIED FOR A SMOOTH INTRODUCTION TO THE NEW REGIME

* UK‘S FCA- APPROACH REQUIRES THE FCA TO TEMPORARILY AMEND A VALIDATION RULE IN OUR TRANSACTION REPORTING SYSTEM, THE MARKET DATA PROCESSOR

* UK‘S FCA- “WE WILL DO THIS AS SOON AS POSSIBLE, BUT THAT CHANGE WILL NOT BE MADE BY 3 JANUARY”

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