LSE requires all those with securities admitted to trading on AIM to have a Legal Entity Identifier

The London Stock Exchange ("LSE") requires all AIM companies with securities admitted to trading on AIM to have a Legal Entity Identifier (“LEI”) code. This is in order to ensure compliance with the obligations under Markets in Financial Instrument Directive (“MiFID II") and Market Abuse Regulation, which require market operators, such as London Stock Exchange, to collate LEI codes for each issuer with securities admitted to trading.

LSE requires all those with securities admitted to trading on AIM to have a Legal Entity Identifier Image

LEIs: GLEIF publishes Entity Legal Forms Code List

The Global Legal Entity Identifier Foundation (GLEIF) has published its first Entity Legal Forms (ELF) Code List, showing more than 1,600 entity legal forms across over 50 jurisdictions. These form the basis of the unique Legal Identity Identifier (LEI), required from 3 January 2018 for any firm subject to MiFID II transaction reporting obligations - otherwise they will not be able to execute a trade on behalf of a client eligible for a LEI and does not have one.

LEIs: GLEIF publishes Entity Legal Forms Code List Image

UK PRIIPs Regulation published – KIDs required 1 January 2018

The PRIIPs Regulation requires those manufacturing a packaged retail and insurance-based investment product (“PRIIP”) to draw up a key information document ("KID") containing standard information, and requires persons advising on or selling PRIIPs to provide the KID to retail investors, with effect from 1 January 2018.

UK PRIIPs Regulation published – KIDs required 1 January 2018 Image

GDPR – The biggest change to Europe’s Data Protection rules in 20 years

The biggest change to Europe’s Data Protection rules in 20 years will come into force in May 2018. The General Data Protection Regulation (“GDPR”) will give people new rights to access the information companies hold on them, require firms to better manage the data they have and bring new (and potentially much higher) fines. Having been discussed for the past four years, companies will need to be ready to adhere to the rules under GDPR from 25 May 2018.

GDPR – The biggest change to Europe’s Data Protection rules in 20 years Image