Due to new ASIC (Derivative Trade Reporting) regulations, all clients which are legal entities (businesses, trusts, self-managed superfunds etc) are required to provide ASIC regulated brokers with their Legal Entity Identifier (LEI) by 1st October 2018.

What is a Legal Entity Identifier (LEI)?

LEI’s are a unique identifier for persons that are legal entities and were created for global identification purposes. each broker must use LEI’s as an identifier when reporting its corporate client’s trades.

How to prepare for 1st October 2018:

Obtain a LEI, if you haven’t already. Obtaining a LEI can be simple and done in a matter of minutes. You may obtain one from one of the authorised provider.

Let your broker know with your LEI number and the name of your entity.

All corporate clients who have not provided a valid LEI to the ASIC regulated broker by 1st October 2018, may no longer be able to trade with them.

Please note it is your responsibility to ensure that your LEI is accurate and valid.