Does your business have exposure to financial products?
If so, you may need an LEI.
Read on for more information
Maintain your financial transactions to the
highest standards with GS1 Australia
We can help you if your business has exposure to financial products such as:
GS1 can issue your business with a Legal Entity Identifier (LEI), and help your organisation mitigate risk.
Why do I need an LEI?
Under ASIC Derivative Transaction Rules (Reporting 2013), an LEI may be required as an acceptable identifier for entities. Some exemptions are set to expire on 31 March 2019 and operating without an LEI after this date may impact upon your financial transactions.
To understand how your organisation is impacted by the requirement for an LEI, please contact our Manager of Financial Markets, Ben Wamsteker.
GS1 has over 40 years’ experience in the identification of unique products and entities. With a network of local member organisations that cover 112 countries, GS1 was recently appointed as an agent for the issuing for LEIs by GLEIF, the global body that administers the system.
Want to know more about the benefits of standards in Finance?
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