EQS Group AG, a leading technology provider in investor relations, communications and compliance, is now an official issuing authority for Legal Entity Identifiers (LEI) - the global standardized identification code for financial market participants - thereby further expanding its reporting obligation services from a single source. Companies can now quickly and efficiently apply for the identification code over EQS's innovative issuing portal, LEI MANAGER (www.lei-manager.com).
Following its accreditation by the Global Legal Entity Identifier Foundation (GLEIF), EQS Group is now one of only three dozen Local Operating Units (LOUs) worldwide which has the authority to assign the 20-digit, alphanumeric code. The LEI code is necessary for companies' compliance with all provisions of the EU Directive on Markets in Financial Instruments (MiFID II) and its accompanying MiFIR regulation. Beginning January 2018, companies will need a LEI code in order to publish voting rights notices, insider information as well as proprietary transactions of executives.
Achim Weick, founder and CEO of EQS Group: "We are very pleased to have EQS certified as a LEI licensing authority. Our LEI MANAGER is yet another innovative solution that EQS has created to help companies quickly adapt to new legal requirements. As a result, companies throughout the world can apply for a LEI before both MiFID II and MiFIR become law and thereby fulfill all EU transparency requirements as soon as the regulations take effect."
Applying for a LEI via the LEI MANAGER requires only a current commercial registry extract, a power of attorney from the CEO or authorized officer and a minute of your time. EQS Group's data services team also provides complete hosting, administration and transfer of LEIs to the LEI MANAGER, if desired .
"Because we are passionate about being a top service provider, our LEI licensing is driven by our overriding service concept. We can usually guarantee same day delivery of LEIs and if any questions arise, our multilingual 24/7 hotline personnel can offer solutions," assures Sven Schenkluhn, Deputy Managing Director of Germany and Head of EQS Group's Data Services Division.
About EQS Group
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 more than 350 professionals globally.
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Issuer: EQS Group AG
Key word(s): Finance
|Company:||EQS Group AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange|
|End of News||DGAP Media|