Legal Entity Identifier (LEIs) Managed Services

New compliance mandates can create ongoing operational challenges. Here’s a worry-free solution to manage the full LEI lifecycle.

Benefits

  • Ensure a smooth transition to new trading regulations including MiFID II
  • Maintain access to financial markets
  • Preserve your firm’s ability to trade
  • Get specialized expertise for this time-consuming task
  • Ensure compliance within all regulatory deadlines

We’ll manage the full process for LEI compliance

  • Register for LEIs on your firm’s behalf
  • Validate required data to obtain LEIs (including GMEIs)
  • Manage annual recertification of your firm’s LEI
  • Update records, change of name, mergers, addresses, or other business changes
  • Custom implementation and research is available

What’s Driving the Increased Complexity for LEI Requirements?


International requirements

New regulations including MiFID II and Dodd-Frank continue to create change and uncertainty

Increased scrutiny

Global mandates for more transparency in financial transactions are driving increased oversight

Costly penalties

Firms must comply with LEI requirements under MiFID II, Dodd Frank, the CFTC and SEC or risk losing access to the markets

FAQs

What is an LEI?

Legal Entity Identifiers are unique 20-digit codes that identify each legal entity that is party to a transaction. All market participants including clients and counterparties are required to have an LEI in order to trade in a broad range of financial transactions across all asset classes, including but not limited to swaps, derivatives, stocks, bonds, futures, and all other securities and debt instruments. Each fund, sub-fund and counterparty must secure their unique LEI, store them in their reporting system and maintain the necessary procedures to recertify its LEI annually to ensure the data is accurate.

Where are LEIs required?

Financial regulators in the United States including the Commodity Futures Trading Commission and Securities and Exchange Commission, already require the LEI in reports, as do regulators in Canada, Europe, Australia, India and Singapore. New legislation enacted by the European Union, Markets in Financial Instruments Directive (MiFID II), goes into effect on January 3, 2018. To maintain access to European financial markets, legal entities that execute trades must secure Legal Entity Identifiers (LEIs) before January 3, 2018.

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