The CISI Guernsey Branch Committee have agreed at the request of ‘The International Stock Exchange’ (TISE) based in Guernsey to place the following note on the ‘CISI Guernsey Branch web pages’ as it may be of interest to local members. (Please note however that the service is not endorsed or recommended by either the Chartered Institute of Securities, or it’s local Guernsey Committee and the details reproduced below are for ‘information purposes’ only).
The International Stock Exchange (TISE) has launched a new service to assist firms – and their clients – with obtaining a Legal Entity Identifier (LEI).
What is an LEI?
An LEI is a unique 20-character alphanumeric identification code designed for regulators to globally identify all legal entities that are engaging in financial transactions.
Which entities must have an LEI?
Some entities have already been required to have an LEI but the scope is set to widen significantly. From 3 January 2018, all entities within the EU, including the UK, which are subject to the Market in Financial Instruments Directive II (MiFID II) and its associated regulations – or non-EU entities wishing to transact with such entities – must have an LEI. “No LEI, No Trade.”
TISE’s LEI service
TISE is now able to act as an easily accessible conduit through which its member firms AND also non-member firms (i.e. those without a pre-existing relationship with TISE) are able to obtain LEIs from the London Stock Exchange (LSE).
Key features
- A service from within the Crown Dependencies
- Open to existing Members and also non-Member firms
- May be used by firms for their own entities and/or those of their clients
- May be used for a single LEI or multiple LEIs
- Administration hub for obtaining, renewing and maintaining LEIs with the LSE
- Approachable team available to assist you
Cost
- Each LEI request received has an initial set up fee of £155
- Each LEI has an annual renewal fee of £95
Next steps
For more information or to submit an application, please visit our new LEI Service webpage:
http://www.tisegroup.com/lei-service/
Please note that the LEI Service terms and conditions on that webpage must be read, understood and accepted prior to any application being submitted.
If you still have any questions once you have consulted our LEI Service webpage and terms and conditions, then please contact:
Robbie Andrade, Director
Robbie.andrade@tisegroup.com
Ben Snook, Senior Manager
Ben.snook@tisegroup.com
The International Stock Exchange Group Limited.
PO Box 623 Helvetia Court, Block B, 3rd Floor, Les Echelons, St Peter Port, Guernsey, GY1 1AR
TISE is a registered trademark of The International Stock Exchange Group Limited.