It is Time to Obtain a Legal Entity Identifier (LEI)
A wide universe of market participants will shortly be required to have an LEI under forthcoming European regulation; this will apply to non-EU entities in many cases. Other regulators, including those in the US and Asia-Pacific, already require market participants to obtain LEIs. Firms large and small need to act now to ensure they comply.
The LEI is a unique 20 character ISO1 identifier for a legal entity that participates in a financial transaction. Under upcoming EU regulations, clients of investment firms, including sub-funds, intermediaries and wealth clients, will be required to have an LEI