All legal entities, including trusts (except bare trusts), companies, pension funds (except self-invested personal pensions), charities and unincorporated bodies that are parties to financial transactions will need an LEI.
An LEI is a code unique to that legal entity or structure. When an LEI code is allocated to you, the code is included in a global data system. This enables every legal entity or structure that is a party to a relevant financial transaction to be identified in any jurisdiction.
There is a fee for obtaining your LEI, this can vary from provider to provider but generally in the region of £150.00.
If the LEI has not been obtained by 3 January 2018 then investment firms will not be able to provide your Charity with investment services.
LEI numbers are available from bodies endorsed by the Legal Entity Identifier Regulatory Oversight Committee (LEIROC) as an authorised local operating unit for the global allocation of LEI numbers.