European Markets Infrastructure Regulation (EMIR): ESMA has clarified the use of Legal Entity Identifiers (LEI) for the purpose of trade reporting to trade repositories. The code to be used to identify counterparties is a pre-LEI issued by any of the endorsed pre-LOUs (Local Operating Units) of the Global Legal Entity Identifier System. The list of endorsed pre-LOUs is available at: http://www.leiroc.org/publications/gls/lou_20131003_2.pdf
