Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.
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Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.
The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas
On 5 July 2022, the Commissariat aux Assurances (CAA) issued Circular Letter 22/13 on EIOPA's revised guidance on the use of the Legal Entity Identifier (LEI) by insurance and reinsurance intermediaries and insurance intermediaries.
UPDATE ON THE USE OF THE LEGAL ENTITY IDENTIFIER (LEI) BY
INSURANCE AND REINSURANCE INTERMEDIARIES AND INSURANCE
INTERMEDIARIES
On 5 July 2022, the Commissariat aux Assurances (CAA) issued
Circular Letter 22/13 on EIOPA's revised guidance on the use of
the Legal Entity Identifier (LEI) by insurance and reinsurance
intermediaries and insurance intermediaries.
The EIOPA guidance continues to support the use of a unique and
universal identification of parties on financial transactions.
Therefore, the CAA formally invites:
the insurance and reinsurance intermediaries; and
insurance intermediaries on a subsidiary basis that carry out
cross-border activities in accordance with Directive (EU) 2016/97
(IDD),
to act in accordance with EIOPA's guidelines and apply for
the allocation of an LEI code since 5 July 2022.
Please feel free to contact our experts to help you with the LEI
code assignment.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
