A Legal Entity Identifier issued to a fund or trust follows the same process as Legal Entity Identifier Numbers issued for other types of legal entity or organizations.
LEIs are already required under a number of EU regulations and directives that include required compliance by structures such as funds, fund managers, trusts, partnerships and charities. Regulation includes the Alternative Investment Funds Directive (AIFMD), Solvency II for pension funds, and more. It is important to note that investment firms regulated under MiFID II, must renew their MiFID II fund or trust LEI code annually.
A client who is a legal entity or structure, including a charity or trust, need to make arrangements to obtain an LEI code if it wants the investment firm to continue to act on its instructions or make a decision to trade on its behalf from 3 January 2018 onwards.
ESMA – European Securities & Markets Authority
Get an LEI for a Fund or Trust
RapidLEI makes it easy to obtain LEIs for funds and trusts. Go to the Register LEI page to see pricing and click Get Started. You’ll be asked to create a secure account and then you can place your order. Our client service team are on hand should you have any questions. We issue LEIs to funds and trusts every day, so don’t hesitate to get in touch.