Section 123 Investments and Securities Act

Section 123 of the Investments and Securities Act 2025 is about Legal entity identifier. It is under Part X (Conduct of Securities Business) of the Act. It provides as follows:

(1) There shall be a legal entity identifier for any entity involved directly or indirectly in securities transactions to monitor and minimise systemic risks, arising from parties’ and counterparties’ activities.

(2) All participants in securities transactions shall obtain the legal entity identifier from an authorised issuer.

(3) Every party in a financial transaction shall have a legal entity identifier and disclose it in every securities transaction it is involved in for accuracy of financial data and risk management.