CSDR: LEI for issuers required by New Issues - Reminder
Clearstream Banking AG1 is obliged to observe the provisions of the Central Securities Depository Regulation (CSDR). In line with the new requirements, indication of the Legal Entity Identifier (LEI) becomes mandatory for the admission of securities to collective safe custody (CSC).
For this reason, CBF informed customers with announcement D18007 about the new admission requests to CSC.
With this announcement CBF would like to remind customers that effective
1 April 2018
CBF will only accept new admission requests to CSC that include a valid LEI. The status of the LEI in the GLEIF database must be set to “issued” on the date of admission.
Customers should consider that the admission date may need to be postponed because of extensive checking procedures. Under these circumstances, adherence to a scheduled value date may be difficult. It is incumbent upon every issuer to ensure that the LEI is set to “issued” on the date of admission. The issuing agent (issuing bank or lead manager) should inform the issuer about this requirement. In no case will CBF contact the issuer. This applies also to third-party issues.
Should you need assistance to obtain an LEI, LuxCSD’s multi lingual service team provides services for multiple jurisdictions.
LuxCSD is a fully accredited Local Operating Unit (LOU) to issue Legal Entity Identifiers (LEI). If you are interested in having your LEI data managed by LuxCSD and benefit from our support, please refer to LuxCSD receives accreditation for issuance of Legal Entity Identifiers or contact LuxCSD’s LEI Service via email to firstname.lastname@example.org.
1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.