Mutual funds identify and resolve LEI-related issue

12/11/2012 | Securities Technology Monitor

Mutual funds ran into a snag in acquiring legal-entity identification codes -- credit cards were required to pay fees, but as funds, they didn't have one. A workaround was finally put in place, and the slowdown in registrations has been alleviated, participants at the SIFMA LEI event said Tuesday in New York.

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