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Has your charity obtained its legal entity identifier (LEI)

If your Charity invests and trades on the financial markets in the UK you will need to apply to for an LEI by 3rd January 2018.
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.

Call a Member of our Charity Team on 0800 088 6004 who will be happy to assist your Charity Trustees obtain your Legal Entity Identifier in time for January 2018.