On Aug. 27, ICE ENDEX issued circular on MiFID status attestation.
ICE ENDEX issued circular on annual MiFID investment firm status and LEI attestation.
Follows ICE ENDEX Jul. 2023 issued circular on MiFID status attestation, see #179017.
Background
Markets in Financial Investments Regulation (MiFIR) requires that where transaction is executed on ICE ENDEX by member not itself subject to MiFIR transaction reporting provisions, exchange must report details of transaction to its regulatory authority.
In order to do this ICE ENDEX must have accurate information from its members.
LEI and MiFID status attestation requirement first introduced by exchange in 2022.
Requirements
Members must re-attest to ICE ENDEX their MiFID investment firm status under MiFIR transaction reporting provisions, confirm their legal entity identifier (LEI) is correct.
In preparation, ICE ENDEX has reset the member company attestation in the ICE Identifier Admin (IIA) application to enable members to perform their attestation.
IIA application serves ICE ENDEX and ICE FEU, member who is MiFID investment firm under either EU-MIFIR or UK-MiFIR should attest themselves under relevant regime.
Given significance of information, ICE ENDEX expects the attestations to be carried out by staff with sufficient seniority and expertise in regulatory compliance.
Effectiveness
Members are required to complete their attestations by Sep. 30, 2024.
Regulators
ICE ENDEX; ICE FEU
Entity Types
B/D; Depo; Exch; IA; Inv Co; OTC
Reference
Cir E24016, 8/27/2024; MIFID/MIFIR Dir 2014/65, Reg 600/2014
