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Sunday 13 June 2021
HomeNewsTunisie Clearing accredited LEI issuer

Tunisie Clearing accredited LEI issuer

Tunisie Clearing has been fully accredited by the Global Legal Entity Identifier Foundation (GLEIF) as a Local Operating Unit authorized to issue Legal Entity Identifiers (LEI) in designated jurisdictions, the company said in a press release Monday.

‘These identifiers are a regulatory requirement in many countries, such as the European Union, under the Markets in Financial Instruments Directive (MIFID).

It is a standard established as a key reference by regulators and public authorities to enhance market transparency by improving data accuracy, assessing risk and reducing fraud and market abuse,’ the company explained.

The strategy adopted is initially aimed at Tunisian companies on the basis of information collected from the National Business Register (French: RNE).

It will target, in a second stage, the legal entities of the Maghreb countries (Algeria, Morocco, Libya, and Mauritania). The company intends to extend LEI granting to African countries at a later stage.

Tunisie Clearing is the third accredited institution in Africa, alongside the ‘Central Depositories’ of Nigeria and South Africa; among 39 issuers in the world.

Tunisie Clearing has launched its LEI services since February 3, 2021, via its website http://lei.tunisieclearing.com/lei/.

Created in December 1993, Tunisie Clearing is an accredited issuer of the Legal Entity Identifier (LEI). As a Local Operating Unit (LOU) of the Global Legal Entity Identifier System, the company is responsible for the registration and administration of LEI in Tunisia.

Tunisie Clearing also provides a free public database of all LEI data that it manages, giving users access to a valuable and standardized set of information on legal entities worldwide.

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