Response to consultation on Draft Recommendation on the use of Legal Entity Identifier (LEI)

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Please, provide your feedback on the proposed timeline and the proposal of having less tight deadlines for banks not included in the EBA sample.

The timeframe for “other institutions” to obtain pre-LEI codes by 31 December 2014 (Title II, 4.) should be extended. 31 December 2015 as date of implementation seems to be more suitable for smaller institutions.

Name of organisation

Austrian Federal Economic Chamber, Division Bank and Insurance