(TheNewswire)
Vancouver, BC, Canada / TheNewswire / January 2,
2018 – Berkwood Resources Ltd., (“Berkwood” or “Company”) is
pleased to report that the Company has been assigned the Legal Entity Identifier (“LEI”) number 52990096SHXS8L1NDF87.
The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic
risks.
About the Legal Entity Identifier (LEI)
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally
standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify
contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting
requirements. The Deutsche Borse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring
and analysing threats to the stability of the financial markets, (but) it can also be utilised by counterparties internally for
risk management purposes.”
Berkwood meets the requirement for all companies listed on German Stock Exchanges (ie. Frankfurt Stock
Exchange) to have an LEI number by January 3, 2018.
According to the website of the Deutsche Bӧrse Group, the LEI number will affect most aspects of the securities
markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices.
(See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)
On Behalf of the Board of Directors
Berkwood Resources Ltd.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
info@berkwoodresources.com or 1-778-945-2935
www.berkwoodresources.com
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