- Client data is required to meet multiple obligations (e.g. LEIs, information relating to suitability and appropriateness and trade reporting data)
- In-scope clients will need to agree new and updated legal documentation; and clients who trade with multiple financial institutions will have to undertake a comprehensive repapering exercise with each firm
Uncertainties
Member States may adopt specific criteria to assess the knowledge and expertise of local public authorities and municipalities; and their capacity to opt-up to the PC category.
LEI
The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code, utilised to uniquely identify legal entities that engage in financial transactions.
The European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) prohibit investment firms from offering services to clients when they do not have an LEI.
Therefore, HSBC is not able to trade any in-scope financial instrument with a legal entity that does not have an LEI.
If you don’t already have an LEI, please apply for one as soon as possible via the Global Legal Identifier Foundation (GLEIF) portal (www.gleif.org).
Please use the following HSBC LEIs for your trade reporting requirements:
HSBC Bank PLC: MP6I5ZYZBEU3UXPYFY54
HSBC Bank Malta Plc: 549300X34UUBDEUL1Z91
Trinkaus & Burkhardt AG: JUNT405OW8OY5GN4DX16
HSBC France: F0HUI1NY1AZMJMD8LP67
HSBC Bank USA, National Association: 1IE8VN30JCEQV1H4R804
The Hongkong and Shanghai Banking Corporation Limited: 2HI3YI5320L3RW6NJ957
HSBC Bank Middle East Limited: 549300F99IL9YJDWH369
HSBC Bank Bermuda Limited: 0W1U67PTV5WY3WYWKD79
HSBC Bank AS: 5493000LVYTQWA3M5N66
HSBC Bank (RR) LLC: 213800RIKWMIPY1ZV607