The Zagreb Stock Exchange completed the first stage of accreditation for providing LEI services.
The Zagreb Stock Exchange (ZSE) signed an agreement on providing Legal Entity Identifier (LEI) services with the Global Legal Entity Identifier Foundation (GLEIF), thus completing the first stage of accreditation and becoming a GLEIF candidate.
In 2015, the ZSE received the status of a local operator (Local Operating Unit, LOU) by the International regulatory supervisory board (Regulatory Oversight Committe, ROC), through which it became one of the first organisations in the region who provided this service to its financial market participants. ZSE is currently one of only 28 local operators in the world authorised to issue an LEI. All local operators approved by the ROC must go through the accreditation process with GLEIF; a successfully completed accreditation process is a confirmation of the quality of service.
ZSE has been ranked among the top 5 issuers of LEI in the world in March, June, July, August, September and October 2016, according to GLEIF's monthly quality reports. Currently, there are 20 organisations that have signed the contract for providing LEI services with GLEIF, while none have completed the entire process of accreditation.
In accordance with European regulations, all legal entities from the EU concluding OTC derivatives contracts should have an LEI in order to fulfil the obligation of reporting to the trade repository. In addition, from the beginning of 2017, an LEI will be required to identify the issuer of securities listed on a regulated market that delivers information to the Register of Regulated Information.
Legal entities may apply for an LEI only through the Zagreb Stock Exchange service, available at its webpage.
Head of Relationship Management