LSE in Oz LEI move
November 8, 2017

London Stock Exchange today announces that it has entered in a partnership with APIR Systems, which will act as a registered agent in Australia and South East Asia to support the issuance and maintenance of Legal Entity Identifiers (LEI).

The process of acquiring an LEI has recently become more complex, with level 2 data requirements requesting mandatory information on an entity's parent-child hierarchy. This partnership means APIR Systems can ensure that its clients are able to obtain an LEI, the required global standard providing improved transparency of financial transactions that cross jurisdictional borders in order to remain compliant. 

APIR Systems will continue to assist clients with understanding their LEI requirements but will now send details to London Stock Exchange for validation and approval.

Chris Donohoe, chief executive officer, APIR Systems said: "As Australia's identification standard for a range of unlisted financial instruments since the late 1990s, it is a natural evolution for APIR Systems to join the global LEI initiative. In 2015 APIR began issuing LEI's and has now evolved that service by partnering with London Stock Exchange to leverage their technical expertise and global scale. Although MiFID II (markets in financial instruments directive II) is relatively new to Australian entities it does impact a broad range of financial services firms that transact with European counterparties, including funds, SMSFs and traders. The relationship with London Stock Exchange offers benefits for both our existing clients and the new client segments that will soon be impacted by these changes."





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London Stock Exchange today announces that it has entered in a partnership with APIR Systems, which will act as a registered agent in Australia and South East Asia to support the issuance and maintenance of Legal Entity Identifiers (LEI).

The process of acquiring an LEI has recently become more complex, with level 2 data requirements requesting mandatory information on an entity's parent-child hierarchy. This partnership means APIR Systems can ensure that its clients are able to obtain an LEI, the required global standard providing improved transparency of financial transactions that cross jurisdictional borders in order to remain compliant. 

APIR Systems will continue to assist clients with understanding their LEI requirements but will now send details to London Stock Exchange for validation and approval.

Chris Donohoe, chief executive officer, APIR Systems said: "As Australia's identification standard for a range of unlisted financial instruments since the late 1990s, it is a natural evolution for APIR Systems to join the global LEI initiative. In 2015 APIR began issuing LEI's and has now evolved that service by partnering with London Stock Exchange to leverage their technical expertise and global scale. Although MiFID II (markets in financial instruments directive II) is relatively new to Australian entities it does impact a broad range of financial services firms that transact with European counterparties, including funds, SMSFs and traders. The relationship with London Stock Exchange offers benefits for both our existing clients and the new client segments that will soon be impacted by these changes."



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