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Legal Entity Identifier


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Today I attempted to place a trade for my pension account (specifically a Guernsey ex-QROPS) and it was rejected.  When I queried it I was told "The underlying trust does not have a Legal Entity Identifier on our system which is why you're receiving this error message" and apparently, I won't be able to trade at all after May 31st without such a "Legal Entity Identifier".

 

Can anyone explain what this is all about and what has to happen to get a Legal Entity Identifier?

 

Thanks.

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