Legal Entity Identifier (LEI)
Law Debenture can act as an agent to obtain an LEI from a central registry and undertake its annual renewal on your behalf
Whilst it is the responsibility of the legal entity to obtain the LEI if they wish to trade on financial markets, we can help with the administration in obtaining an LEI for you and to manage the annual renewal process.
How much will it cost?
Our fees for helping you to apply and to subsequently renew your LEI number annually will be £500 per annum (plus VAT if applicable) which includes the LEI registry charges. Full terms and conditions are included in our appointment letter.
What do I need to do to get Law Debenture to help obtain an LEI?
There are 3 easy steps to follow:
- Download, complete and sign the LEI Appointment Information Form;
- Download, complete and sign the LEI Application Agreement;
- Download the LEI Authorisation Letter onto your company letter head and send a signed copy back to us;
All completed documents should be sent back by e-mail to firstname.lastname@example.org
What is an LEI?
An LEI is a unique 20 character alphanumeric reference code for a legal entity. It allows the regulatory authorities to monitor trading activity, market abuse or market manipulation in the European Union.
I have other registration numbers, so why do I need an LEI as well?
On 3 January 2018 the EU Markets in Financial Instruments Directive and Regulation (“MiFID II”) became effective which requires all legal entities (companies, trusts, partnerships and charities) to obtain an LEI if they wish to trade on financial markets in the UK or continue to receive investment services.
What happens if I do not obtain an LEI?
If a legal entity does not have an LEI then investment firms cannot provide investment services to that entity.
Why should I choose Law Debenture?
At Law Debenture, we pride ourselves on our skills and experience, so when you bring us on board you get access to our extensive expertise and personal service. When the need arises, we will be there to deliver.
If you have any queries or need to speak to a member of the team,
please call us on +44 (0) 20 7696 5233.