Legal Entity Identifier (LEI)

ISO 17442 – Financial Market Identification & Regulatory Transparency

Regulatory Requirement

As of 3 January 2018, all legal entities wishing to participate in European financial markets involving securities or derivatives — including, but not limited to, stocks, bonds, exchange-traded funds (ETFs), FX forwards, swaps, and interest rate derivatives — are required to obtain and maintain a Legal Entity Identifier (LEI).


This requirement arises primarily from the Markets in Financial Instruments Directive (MiFID II) and the European Market Infrastructure Regulation (EMIR).
The purpose of these regulatory frameworks is to enhance market transparency, counterparty traceability, and financial system stability across global financial markets.


What Is a Legal Entity Identifier (LEI)

The Legal Entity Identifier (LEI) is a 20-character alphanumeric code based on the ISO 17442 international standard, developed by the International Organization for Standardization (ISO).


The LEI provides a globally unique and persistent identity for a legal entity and links to verified reference data that enables the clear, accurate, and unambiguous identification of legal entities participating in financial transactions worldwide.


In modern financial markets, the LEI functions as the foundational identity layer through which regulated transactions are recognised, reported, and supervised.


Power and Function of the LEI

The LEI framework enables:

  • Mandatory regulatory transaction reporting under MiFID II and EMIR
  • Counterparty identification across borders and jurisdictions
  • Systemic risk aggregation by regulators and central banks
  • Operational interoperability between banks, clearing systems, and financial infrastructures
  • Auditability and traceability of financial market activity


Without a valid LEI, a legal entity is effectively excluded from regulated securities and derivatives markets.


JMDICT LEI Registration

JMD Investment & Commodities Trading (JMDICT) is duly registered under the ISO 17442 LEI framework and holds an active Legal Entity Identifier issued by an accredited Local Operating Unit (LOU) within the Global LEI System (GLEIS).


Registration Details:

  • Legal Entity Name: JMD Investment & Commodities Trading
  • LEI Code: 254900TZFTKKAP6XH342
  • Issuing Local Operating Unit (LOU): Bloomberg Finance L.P.
  • Governing Framework: Global LEI System (GLEIS)
  • ISO Standard: ISO 17442
  • LEI Status: Issued / Active
  • Validity Period: 15 May 2025 – 15 May 2026


This registration confirms JMDICT as a verifiable, traceable, and globally identifiable legal entity within international financial and regulatory infrastructures.


LEI Governance & Authorisation

The Legal Entity Identifier of JMD Investment & Commodities Trading is governed directly by the Company’s Owner and Chief Executive Officer, who is formally authorised by the issuing LOU to apply for, manage, renew, and maintain the LEI on behalf of the Company.


This governance structure ensures:

  • Direct principal-level control over LEI lifecycle management
  • No reliance on third-party nominees or intermediaries
  • Clear accountability and governance integrity
  • Continuity across regulatory, banking, and institutional engagements


The authorisation also extends to direct and indirect subsidiaries and assets under management, where applicable, in accordance with Global LEI System requirements.


Recognition by EU, UK & Cross-Border Counterparties

The ISO 17442 / LEI framework is recognised and relied upon across European Union, United Kingdom, and international financial markets as a mandatory legal entity identification standard.


European Union (EU)

Within the European Union, the LEI is required for:

  • MiFID II / MiFIR transaction reporting
  • EMIR derivatives reporting
  • Counterparty identification by EU-regulated investment firms, banks, and trading venues

EU regulators and infrastructures rely on the LEI for market surveillance, systemic risk monitoring, and supervisory reporting.


United Kingdom (UK – FCA Regime)

Under the UK Financial Conduct Authority (FCA) framework (post-Brexit UK MiFID and UK EMIR), the LEI remains mandatory for:

  • Firms trading or reporting securities and derivatives
  • Counterparties engaging with UK-authorised banks, brokers, and investment firms
  • Transaction reporting to UK Approved Reporting Mechanisms (ARMs) and trade repositories

The LEI ensures continuity and interoperability between EU and UK financial markets.


Cross-Border & International Counterparties

Globally, the LEI is embedded within:

  • SWIFT and international payment and messaging infrastructures
  • Central bank and monetary authority systems
  • Clearing, settlement, and trade repository platforms
  • Cross-border banking, investment, and capital market operations


The LEI enables consistent legal entity identification across jurisdictions, facilitating cross-border compliance, risk assessment, and due diligence.


Regulatory & Financial Market Recognition

The ISO 17442 / LEI framework is relied upon by major financial and regulatory institutions worldwide, including but not limited to:

  • Central banks and monetary authorities
  • SWIFT and global payment infrastructures
  • Financial Stability Board (FSB)
  • European Central Bank (ECB)
  • European Securities and Markets Authority (ESMA)
  • UK Financial Conduct Authority (FCA)
  • U.S. Office of Financial Research (OFR)
  • International banking and capital market participants


Transparency and Due Diligence

JMD Investment & Commodities Trading maintains its LEI in active status and complies with annual renewal and verification requirements under the Global LEI System.

The LEI enables counterparties, regulators, and institutions to conduct independent verification and due diligence using globally recognised reference data.


Important Clarification

The Legal Entity Identifier (LEI) is an entity identification and transparency requirement.
It does not constitute a banking license, investment authorization, or regulatory approval to provide regulated financial or investment services.


Its purpose is to ensure global consistency, traceability, and integrity in the identification of legal entities participating in financial markets.


Closing Statement

JMD Investment & Commodities Trading maintains full compliance with international legal entity identification standards as part of its commitment to transparency, governance integrity, regulatory alignment, and institutional-grade cross-border financial engagement.

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