A piece of new regulation could leave advisers who manage investments within a client's trust unable to trade certain financial instruments after the New Year deadline.
The incoming requirement for legal entities and structures to have a Legal Entity Identifier (LEI) - if they trade in certain financial instruments - is a part of the European Markets in Financial Instruments...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months