To further promote the application and implementation of the Legal Entity Identifier (LEI) in China, to accommodate to advanced international standards and market rules, to support high-quality opening-up of the financial market and to facilitate cross-border trade and financial transactions, the People’s Bank of China, jointly with the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, released the Roadmap to Implement Legal Entity Identifier (2020-2022) (hereafter referred to as the Roadmap).
The Roadmap lays out the primary goals for the implementation of Legal Entity Identifiers (LEI) from 2020 to 2022, and specifies major tasks including formulation of regulatory rules, expansion of LEI coverage, technical application and sustainable operation of the Chinese Local Operating Unit.
Annex: Roadmap to Implement Legal Entity Identifier (2020-2022).pdf
