National Client Identifier (NCI)

Financial Regulation means we need to personally identify Investors based on their Nationality. A National Client Identifier (NCI) is a unique code that identifies investors. We then report this information to the regulator when Investors Buy or Sell certain types of investments. This helps regulators, like the Financial Conduct Authority (FCA), monitor the market and prevent market abuse.

For those with dual nationality you can add multiple nationalities when creating or amending Investor details.

For UK nationals, your NCI is your National Insurance Number (NINO).

For Austria, Germany, France, Hungary, Ireland or Luxemburg nationals we will automatically generate a CONCAT which is an alphanumerical amalgamation of their personal details.

For all other nationalities we require the National Client Identifier to be submitted to us. This is a mandatory field when creating or amending Investor details.

Source: FCA ANNEX II National client identifiers for natural persons to be used in transaction reports

For more information visit https://handbook.fca.org.uk/technical-standards/provision/s120c1068sn0p1607

CONCAT or Concatenation is a combination of the following four elements:

1. Country Code (ISO 3166)
2. Date of birth (YYYYMMDD)
3. First Name (First 5 characters)
4. Surname (First 5 characters)

For example, an Austrian national called Jonathan Smith born 1st March 1990 would be:

AT19900301JONATSMITH

Note

• For first names and surnames, prefixes and punctuation are excluded.
• If the name is less than five characters, then use # to fill remaining spaces