Vilnius, Lithuania, 2017-10-03 08:00 CEST (GLOBE NEWSWIRE) -- Nasdaq Baltic exchanges are reminding that MiFID II and MiFIR will bring changes to financial instruments trade reporting as of January 3, 2018. Investment service providers will be obliged to use Legal Entity Identifier (hereinafter: LEI code) when reporting its legal entity clients’ transactions in financial instruments to financial supervisory authority.
LEI code is a unique 20-digit, alpha-numeric code that enables clear identification of legal entities participating in financial transactions and helps to perform surveillance. All legal entities who want to trade on regulated market, MTF and other market places are obliged to obtain LEI code. Investment service providers are entitled to decline processing a transaction if legal entity does not have a valid LEI code.
LEI codes can only be issued by authorized entities. The list of LEI code providers is available on Global Legal Entity Identifier Foundation’s web page: https://www.gleif.org/en/about-lei/how-to-get-an-lei-find-lei-issuing-organizations LEI codes are valid for one year and need to be updated annually.
Nasdaq Baltic
Transaction Services
+370 5 253 14 54
www.nasdaqbaltic.com
Nasdaq Baltic is a common name for exchanges, regulated markets, alternative markets First North operated by Nasdaq companies in the Baltic states, i.e. Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.