What happens if I don't provide IG with an LEI?

If you don't provide us with a valid LEI you will not be able to enter into OTC Derivative Transactions and we may be required to suspend your account and may close any open positions.

How do I obtain an LEI?

If you do not yet have an LEI, we can arrange this on your behalf through our preferred LEI Registration Agent. Please note, your IG account may be charged the cost associated with our preferred LEI Registration Agent’s services. We may, at our sole discretion, refund this cost.

LEI’s also expire annually, and it is your responsibility to ensure you have provided us with a valid LEI in accordance with ASIC DTR. IG has no obligation to maintain, renew, or verify the validity of your LEI.

You can obtain or renew your LEI from any registered LEI issuing organisation. A list of these organisations is available at GLEIF and includes Bloomberg, APIR and GS1 Australia.

Who needs/does not need an LEI?

Who needs an LEI:

A corporation or a trust or superannuation fund where the trustee is a corporation (i.e. corporate trustee) is required to have an LEI.

Who does not need an LEI:

• The trust is not required to have an LEI.
• A trust or superannuation fund where the trustee is an individual is not required to have an LEI.

e.g.
Beachwater Pty Ltd - This is a corporation and will require an LEI.
Sunshine Hub Pty Ltd ATF Rainy Family Trust - You only need to provide the corporate trustee name which is Sunshine Hub Pty Ltd. Rainy Family Trust is not a legal entity and will not require an LEI.