This depends on the legal structure of the organisations involved. An asset management company and the investment funds it manages should not automatically be treated as the same legal entity.
Key considerations:
- The manager may be one legal entity while individual funds may be separate entities.
- Each relevant entity should be assessed independently.
- A LEI for Asset Managers UK identifies the specific asset management legal entity to which it belongs.
- A separately identifiable investment fund may have its own fund-level LEI where applicable.
- The manager’s LEI should not simply be reused for every managed fund.
- Existing LEI records should be checked before a new application is submitted.
Correct entity identification is especially important when several funds operate under the same management structure.