Recording MiFIR data
Risk Warning
This content is for users of the Wrap Investment Hub and must not be relied on by anyone else. The value of investments can go down as well as up and may be worth less than originally invested.
MiFIR data capture
As part of the MiFID II directive we are required to record both your Firm’s Legal Entity Identifier (LEI) and the National Identifier (NI) of any individual / decision maker that is responsible for the decision and execution of a transaction on a reportable instrument (Exchanged Traded Instrument) within Hub model portfolios.
Completion of both LEI and NI fields are mandatory in order to include Exchange Traded Instruments (ETIs) within any of your model portfolios. Once actioned, you will be able to introduce ETIs to your model portfolios and your LEI and NI details will be included in our MiFIR transaction report.
How to record your LEI and NI
To record your LEI and NI details, go to the ‘Admin’ tab and select ‘Regulatory’ and then ‘MiFIR Data Capture’.
Once the MiFIR Data Capture page loads a ‘Firm’ dropdown box will appear. Select your ‘Firm’s name’ from the dropdown menu.
Once you have selected your Firm’s name you will be presented with a number of other fields to record your LEI reference number and NI details for up to 10 decision makers.
The LEI format is alpha numeric and a maximum 20 characters (please include 2 numbers).
For each decision maker, you will be asked to record their forename, surname, date of birth, country of nationality and national insurance number or personal identification number.
Model portfolio decision makers
Details of a decision maker once captured on the MiFIR Data Capture page will become the ‘default’ decision maker. Details of this decision maker will be recorded in transaction reports against any reportable transactions for a model portfolio.
If you record details of more than one decision maker, you can select to align different decision makers to each of your model portfolios.