Coding data underscores health of financial sector05 March, 2021
APIR-issued codes take in APIRs as well as Superannuation Product Identifier Number (SPINs) and legal entity identifier (LEIs). They are used by end users, such as platforms, financial planners, managed funds, separately managed accounts (SMAs) and superannuation funds as well as regulatory bodies such as the ATO, to identify assets and enable execution and portfolio valuations. They were introduced in Australia in the mid-1990s and have been issued by APIR since that time.
Innovation in Super case study16 February, 2021
COVID period sparks SMSF interest in OTC derivatives09 September, 2020
A surge in applications for Legal Entity Identifiers in recent months suggests that greater numbers of investors, including SMSFs, are looking to trade in non-exchange-traded instruments such as CFDs and foreign exchange, says an LEI issuer.
LEI growth drives streamlined registration process02 July, 2020
APIR Systems (APIR) is now offering multi-year registrations and renewals in response to the increased demand in Legal Entity Identifiers (LEI).
Business Continuity Update20 March, 2020
20th March 2020
Market turbulence unlikely to impact fund registrations17 March, 2020
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30 September LEI deadline looms for SMSFs10 September, 2019
With no further extension of relief by the Australian Securities and Investments Commission (ASIC) in sight, the 30 September deadline for legal entities, including self-managed superannuation funds (SMSFs), to obtain a Legal Entity Identifier (LEI) is fast approaching.
APIR enhances its data service functionality15 August, 2019
Wealth management infrastructure provider, APIR Systems, has launched key upgrades to its existing data capabilities by creating more flexible delivery methods and adding a validation service, enabling real-time APIR code authentication.
The new world of securities product identifiers10 June, 2019
APIR Systems, the Australian provider of identification codes for investment products, is experiencing a big increase in demand for its âlegal entity identifiersâ (LEIs), prompted by a new September 30 deadline set by ASIC.
A ticking clock: SMSFs and MiFID II regulatory requirements08 March, 2019
Notwithstanding another extension of relief by the Australian Securities and Investments Commission (ASIC), the deadline for legal entities, including self-managed superannuation funds (SMSFs), to obtain a Legal Entity Identifier (LEI) is fast approaching.
Asian Region Funds Passport…what is it? And where is at?28 August, 2018
Client Portal upgrade release announcement22 August, 2018
We are pleased to announce the latest release of the APIR Client Portal.
The passing by both Houses of the Bill to introduce the Asia Region Funds Passport (ARFP) is good news for the Australian financial services industry and will play a key role in facilitating growth in the region, says Chris Donohoe, CEO of APIR.
Global investment harmonisation to improve investor outcomes26 April, 2018
The Banking Royal Commission has brought the issue of regulation, and consumer protection, top of mind, but it will be important that any increased regulation that occurs as a result is not out of step with the regulatory developments in the rest of the world, says Mr Chris Donohoe, CEO of APIR Systems.
Traditionally standard identifiers have been used by the wealth management industry to improve efficiencies in transaction processing, reporting and information flows. In some jurisdictions such as Australia identifiers also play an important role in the compliance framework.
The release of draft legislation and launch of a pilot program for the Asia Region Funds Passport (ARFP) is a positive step in the initiative to facilitate cross-border distribution of funds between member jurisdictions. Importantly, the Joint Committee is now considering requirements for passported products to ensure that an optimum operating model underpins an efficient regional ecosystem, says Chris Donohoe, CEO of APIR.
Extension to MiFID II deadline welcomed21 December, 2017
The decision by the European Securities and Market's Authority (ESMA) to extend the 3 January 2018 Legal Entity Identifier (LEI) deadline for six months, to support the smooth introduction of the requirements is welcomed as a necessary measure, says Chris Donohoe, Chief Executive Officer, APIR Systems.
Australian financial services entities including funds, brokers/traders and trustees of self-managed superannuation funds may be unable to transact with European counterparties from 3 January 2018 if they don't yet have a Legal Entity Identifier (LEI), says Chris Donohoe, Chief Executive Officer, APIR Systems.