LEI for a Killik & Co trust or corporate account
Killik & Co’s terms and conditions say that every trust and corporate account needs a Legal Entity Identifier (LEI) before it can start buying or selling exchange-traded investments, and that the firm will have to stop transacting on an account that has none.
What Killik & Co asks for
- All trust and corporate accounts need an LEI before they can commence buying or selling exchange-traded investments.
- Killik & Co says it offers a service to obtain the LEI on the client’s behalf.
- If you choose to obtain the LEI yourself, the terms make it your responsibility to get it in time and to renew it annually if necessary.
- Without an LEI, the firm says it will have to cease transacting on the account.
This is an independent guide: Killik & Co has not reviewed or endorsed it. It summarises what Killik & Co publishes on its own website, as read on 14 November 2026. If the two differ, the firm’s own page applies.
Legal basis
- Under UK MiFIR, an investment firm cannot execute a trade in shares, bonds, ETFs or other reportable instruments for a client that is eligible for an LEI and does not have one. The FCA names companies, charities and trusts among the clients this covers. FCA: UK MiFIR legal entity identifiers
- The rule itself is short: a firm shall not provide a service that triggers a transaction report before it has the client’s LEI. RTS 22, Article 13(2), as kept in UK law
- Under UK EMIR, both sides of a derivative contract are reported, so every UK counterparty to a derivative needs an LEI. FCA: UK EMIR reporting obligation
- A private individual investing in their own name does not need an LEI and is identified by a national identifier instead. RTS 22, Article 6, as kept in UK law
How to apply
You are not tied to an issuer your bank or broker mentions. GLEIF, the foundation that oversees the system, says a legal entity can use any issuer accredited for its jurisdiction, in its own country or abroad. Whoever issues it, an LEI is the same 20-character code and identifies one legal entity, so one LEI serves every bank and broker the organisation uses.
LEI Universal is a registration agency, not an issuer: an LEI ordered here is issued by a GLEIF-accredited issuer.
- Enter the name or registration number in the application form. Where the register is connected, the details are filled in for you.
- Check the name, registration number and address, and state whether a parent company consolidates the entity.
- Confirm that you may act for the entity, then pay. If a signed authorisation is needed, you sign it online.
- The details are checked against the register. Once they are confirmed, the LEI is issued and sent to you by email.
An entity can only have one LEI. Check whether it already has one
Apply for an LEIFrequently asked questions
Do I have to use Killik & Co’s service to get the LEI?
No. The terms offer the service and also provide for the client obtaining the LEI itself; in that case getting it in time and renewing it are the client’s responsibility.
Sources
- Killik & Co: Terms and Conditions 2026 (PDF)
- GLEIF: Get an LEI
- GLEIF: The Legal Entity Identifier (LEI)
- FCA: UK MiFIR legal entity identifiers
- RTS 22, Article 13(2), as kept in UK law
- FCA: UK EMIR reporting obligation
- RTS 22, Article 6, as kept in UK law
Other banks and brokers
- AJ BellNeeded before a company, charity or SSAS dealing account trades shares; funds can be dealt without one.
- interactive investorA limited company needs a valid LEI before it starts the Business Account application.
- Lloyds BankClients need a valid LEI to transact financial instruments; FX spot and payment-related FX are exempt.
- Charles Stanley DirectTrusts, charities and corporate investors may be required to obtain an LEI and provide it on request.