Legal Entity Identifier requirement for non individual FPIs now mandatory; accounts blocked for purchase privileges on non compliance. Mandates submission and maintenance of the Legal Entity Identifier (LEI) for all non individual FPIs as a condition for registration, renewal and purchase activity. Depositories must modify the Common Application Form and DDPs will collect LEI details; new registrations require LEI receipt. Existing FPIs must provide LEIs within 180 days or face account blocking for purchases. FPIs must keep LEIs active; expired or lapsed LEIs will result in blocking until renewal.
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Legal Entity Identifier requirement for non individual FPIs now mandatory; accounts blocked for purchase privileges on non compliance.
Mandates submission and maintenance of the Legal Entity Identifier (LEI) for all non individual FPIs as a condition for registration, renewal and purchase activity. Depositories must modify the Common Application Form and DDPs will collect LEI details; new registrations require LEI receipt. Existing FPIs must provide LEIs within 180 days or face account blocking for purchases. FPIs must keep LEIs active; expired or lapsed LEIs will result in blocking until renewal.
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