2,000 Applications: Successful Launch of EQS LEI Manager
December 11 2017 - 4:24AM
Business Wire
EQS Group, in its first two months since receiving accreditation
as issuing authority for Legal Entity Identifiers (LEI), has
already issued around 2,000 standardized financial identification
numbers worldwide via EQS LEI MANAGER ( www.lei-manager.com), the
official LEI portal of EQS.
Companies require a LEI in order to comply with all requirements
of the EU Markets in Financial Instruments Directive (MiFID II) and
the accompanying MiFIR Regulation. Time is running out for
companies to receive a LEI: as of January 2018, companies without a
LEI will no longer be able to publish voting rights notifications
or insider information and proprietary transactions of executives.
Banks, fund companies and companies that engage in derivative
transactions have required an identification code for several
years.
"We expect to receive a large number of applications at year's
end. Although the LEI will be mandatory for companies in just three
weeks' time, many companies haven't fully prepared for the new EU
regulations to take effect. Particularly now, as time runs out for
companies to comply, we can help our customers quickly and easily.
As a rule, companies applying for a LEI number receive one on the
same day," explains Sven Schenkluhn, Head of EQS Group's Data
Services business unit. EQS's EUR49 fee is also currently the most
attractive initial application fee in Europe.
EQS is one of only three dozen certified LEI issuers worldwide.
In its first few weeks as an issuer, EQS received applications from
virtually every European country, as well as from Japan, Canada and
the United States.
Applying for a LEI at www.lei-manager.com is fast and simple.
The EQS Group's Data Services team will also be responsible for the
complete hosting, administration and transfer of the LEI to EQS's
LEI MANAGER.
About EQS Group:
EQS Group is a leading international technology provider for
Investor Relations, Corporate Communications and Compliance. More
than 8,000 companies worldwide trust EQS's products and services to
securely, efficiently, and simultaneously fulfil complex national
and international disclosure and compliance requirements, and to
reach stakeholders globally.
The EQS COCKPIT, a cloud-based platform, digitally maps the
workflows of IR, Communications and Compliance Officers,
communicates with the company's website, and distributes company
releases via one of the most important global newswires. With
additional products such as websites, IR tools, digital reports,
and webcasting solutions, EQS Group is a digital single source
provider.
EQS Group was founded in Munich, Germany in 2000 and has
developed from a start-up to an international group with offices in
the world's key financial markets. The group employs around 400
professionals globally.
End of Media Release
Language: English Company: EQS Group AG Karlstr. 47 80333
Munich Germany Phone: +49(0)89 210298-0 Fax: +49(0)89 210298-49
E-mail:
info@eqs.com
Internet:
www.eqs.com
ISIN: DE0005494165 WKN: 549416 Listed: Regulated Unofficial Market
in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access),
Stuttgart, Tradegate Exchange
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EQS Group AGAlexander Mrohs+49 (0)89 210
298-420alexander.mrohs@eqs.com
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