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...
Speaking at PA360
Shone a light on 'closet trackers'
‘Documentation, documentation, documentation’
'It will have to lead with product intervention and product governance'