Legal Entity Identifier (LEI)

Firms have new reporting and trading requirement under MiFID that may result in them requesting an LEI (Legal Entity Identifier) from LGPS funds. This will be required on or before 3rd January 2018.

Further information on LEI and MiFID II can be found on the FCA website at: https://www.fca.org.uk/markets/mifid-ii/legal-entity-identifier-lei-update

Note that although a client LEI may be necessary under MiFID II this is a separate requirement from and is not related to the opting up process

LGPS funds may already have an LEI (which can be found at https://www.gleif.org/en/lei/search) but should not delay their opt up applications if they do not.

If funds do not have an LEI they should apply for one using the instructions at https://www.gleif.org/en/about-lei/how-to-get-an-lei-find-lei-issuing-organizations