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The GMEI® Utility and MiFID II, an update with Eugene Ing
The European Union’s Markets in Financial Instruments Directive, or MiFID II, which goes into effect January 3rd 2018 expands the scope of the directive, requiring clients to include legal entity identifiers (LEIs) in their trade reporting for all asset classes before receiving financial services. To assist firms preparing for this MiFID II mandate, the GMEI® utility, an LEI service owned and operated by a subsidiary of The Depository Trust & Clearing Corporation (DTCC) has successfully...
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