We would like to once again bring your attention to the request for all the corporate clients of ZERICH SECURITIES LIMITED to provide us with your company’s Legal Entity Identifier (LEI).
As per the Regulation on the Markets for Financial Instruments or MIFIR (600/2014), that came into force on 03.01.2018, all brokerage companies, including ZERICH SECURITIES LIMITED, are to obtain additional information from their clients, namely the Legal Entity Identifier (LEI).
The Legal Entity Identifier is assigned to companies in accordance with the norms of international standards ISO 17442.
The objective of LEI to simplify the legal and currency transactions, as well as submission of reports when interacting with financial markets as well as to increase market integrity through upgraded mechanism of recognition of market manipulation and/or insider trading.
The International Supervisory Authority, which regulates the assignment of LEI and oversees the maintenance of the Global LEI System (GLEIS), is the Regulatory Oversight Committee (ROC) established under the Financial Stability Board.
Please be advised: corporate clients that do not provide ZERICH SECURITIES LIMITED with LEI before 31.07.2018 will be denied access to trading, and their accounts will be blocked until LEI is provided.
If you have further questions regarding obtaining LEI, please contact us.
Thank you for chooshig us!
Zerich Securities Limited Team.