NSD launches pre-LEI portal

Source: National Settlement Depository (NSD)

National Settlement Depository (NSD), Russia's central securities depository, has launched a pre-LEI website (www.lei-code.ru).

The new website is an integrated portal providing data associated with pre-LEIs assigned and affirmed by NSD and updated information about these identifiers to market participants, regulators and other pre-Local Operating Unites (pre-LOUs).

Updated information about pre-LEIs assigned and affirmed by NSD is provided on the daily basis in the form of files available for uploading onto external bases and through interactive database allowing to find information about the market participants using their pre-LEIs or find identifiers using market participants’ names.

The daily files are provided in the unified format approved by the Regulatory Oversight Committee (ROC)[1]; they contain recent information about all assigned pre-LEIs and information about these codes as of the previous day.

The pre-LEI portal (www.lei-code.ru) is an official source of information about pre-LEIs assigned and maintained by NSD as globally accepted pre-LOU.

[1] A supervisory body responsible for regulating and controlling the GLEIS functioning

About pre-LOU and pre-LEI

On 1 March 2013, NSD received an official status of pre-LOU that provides Legal Entity Identifiers (LEIs) to market participants and updates the codes in the Global Legal Entity Identifier System (GLEIS).

On 27 December 2013, NSD was recognized by the Regulatory Oversight Committee (ROC) as globally accepted pre-LOU; since then, all pre-LEIs assigned by NSD and approved by ROC are admitted by regulators, market participants and pre-LOUs in other countries as other codes assigned by other pre-LOUs recognized by ROC.

LEI is a new universal standard ISO 17442 allowing to identify all participants of financial transactions on the basis of the unique 20-digits code. Its development has been controlled by G20 and Financial Stability Board.

A decision to create the global system of identification of participants of financial operations has been made by G20 in order to improve transparency and strengthening control over systemic risks. The global identifications structure is being formed by the Financial Stability Board, and respective Russian organizations took part in this process.

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