NetworkNewsBreaks – 92 Resources Corp. (TSX.V: N
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In compliance with the European Union, 92 Resources (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) announced that it has been assigned a Legal Entity Identifier (“LEI”) number (http://nnw.fm/6E0Us). The LEI is required for identification, as well as a number of financial reporting requirements for market participants. A recent article discusses the update, stating, “92 Resources now meets the requirements of the Frankfurt Stock Exchange to have an LEI number by January 3, 2018. ‘The LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets (but) it can also be utilized by counter parties internally for risk management purposes,’ the Deutsche Borse Group stated. It added on its website that the LEI number will affect most aspects of the securities markets in Europe (http://nnw.fm/p32rL). These include clearing, trading, settlement, collateral, custody, and liquidity management.”
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