July 20, 2015
Washington, DC — In order to continue the transition to a global system of legal entity identification, the U.S. Commodity Futures Trading Commission (Commission) announced today that it has issued an Order extending the designation of the utility operated by DTCC-SWIFT as the provider of legal entity identifiers, or LEIs, pursuant to the Commission’s swap data recordkeeping and reporting rules. The order will also appear in an upcoming issue of the Federal Register.
DTCC-SWIFT’s initial designation was made by a Commission order on July 23, 2012. The designation was made for a two-year term. At the time the order was issued, the Commission was already participating in an international process to establish a global LEI system, into which the legal entity identifier to be used to comply with Commission requirements was expected to transition. The designation was extended for one year on July 22, 2014. This Order further extends DTCC-SWIFT’s designation for an additional year, while the global LEI system becomes fully operational.
Consistent with the terms of the Commission’s order of July 23, 2012, as previously amended on June 7, 2013, and amended and restated on July 22, 2014, this Order continues to permit registered entities and swap counterparties subject to the Commission’s jurisdiction to comply with the Commission’s swap data recordkeeping and reporting rules by using legal entity identifiers issued by DTCC-SWIFT, or any other pre-Local Operating Unit (pre-LOU) that has been endorsed by the Regulatory Oversight Committee (ROC) of the global LEI system as being globally acceptable.
The DTCC-SWIFT utility – which had initially been referred to, on the utility’s website and in educational and other materials, as the CICI utility – is now known to the public as the Global Markets Entity Identifier (GMEI) utility. The utility may be accessed at www.gmeiutility.org/. A full list of the pre-LOUs that have been endorsed by the ROC as globally acceptable, including the website via which each of these pre-LOUs may be accessed, is available at www.leiroc.org/publications/gls/lou_20131003_2.pdf.
Last Updated: July 20, 2015