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Ad hoc Notification, Saxo Bank
29 November 2017

LEI code required for corporate clients to trade stocks and bonds

​As per 1 November 2017, a LEI is required for corporate clients of EEA-based financial institutions, in order to trade margin products/derivatives according...

​As per 1 November 2017, a LEI is required for corporate clients of EEA-based financial institutions, in order to trade margin products/derivatives according to EMIR (the European Market Infrastructure Regulation).

The next deadline coming up is 3 January 2018 when MiFID II regulations enter into force. From this date all corporate clients of EEA-based financial institutions need to provide a LEI in order to trade stocks and bonds.

In order to obtain a LEI from your end-clients, we will send them a reminder via email next week.

Please be advised that not having an LEI per this deadline will mean that your end-clients’ trade access will be disabled.