A Transfer requires the transfer of the LEI from the current managing LOU to RapidLEI before the renewal can be processed. This may take up to 7 days.
A Transfer requires the transfer of the LEI from the current managing LOU to RapidLEI before the renewal can be processed. This may take up to 7 days.
Think of a LEI-number as an international business registration number. The LEI-number is used to identify participating parties in financial transactions on a global scale.
The LEI code application has a fee, also there is a yearly maintenance fee to renew the validity. Both businesses, funds and charities need a LEI number, meaning all legal entities.
For a graphical presentation of the Legal Entity Identifer System please click here.
LOUs will publish all LEI numbers and reference data to the GLEIF LEI database, which is publicly available.
GLEIF is regulated by the LEI Regulatory Oversight Committee (ROC), which is comprised of several financial institutions on a global scale.
With GLEIF you can do a free of charge legal entity identifier search. The legal entity identifier search will show if the LEI is active and when it expires.
A Legal Entity Identifier—abbreviated LEI—is a number or code that functions as an international business or entity registration number. Companies and banks can use the LEI to identify legal entities such as other companies and organizations when participating in financial transactions (e.g. trading stocks, bonds or forex).
A legal entity performing trades and transactions on the financial markets in a number of countries—including the US and the EU—is required to obtain an LEI number.
LEI number is standardised with ISO certificate 17442 and consists of a combination of 20 numbers and letters.
The number can be broken into four parts:
Numbers 1-4 always show the ID of the LOU which issued the LEI
Numbers 5-6 always have a value of 0
Numbers or letters 7-18 are unique to each entity
Numbers 19-20 are for verification purposes
The LEI number is an alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). This 20-character code enables identification of legal entities on an international scale as well as confirmation of their identity. This offers transparency on the financial market.
A Legal Entity Identifier—abbreviated LEI—is a number or code that functions as an international business or entity registration number. Companies and banks can use the LEI to identify legal entities such as other companies and organizations when participating in financial transactions (e.g. trading stocks, bonds or forex).
A legal entity performing trades and transactions on the financial markets in a number of countries—including the US and the EU—is required to obtain an LEI number.
LEI number is standardised with ISO certificate 17442 and consists of a combination of 20 numbers and letters.
The number can be broken into four parts:
The LEI number is an alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). This 20-character code enables identification of legal entities on an international scale as well as confirmation of their identity. This offers transparency on the financial market.
LEI System can help you get a Legal Entity Identifier. Need an LEI number for your company? LEI System simplifies the process.
Apply for a new LEI number through our quick and secure online form. Select your country and enter your company details. After confirming your data, we handle the rest of the application process. Your new LEI number will be issued within 6 to 48 hours.
Find more information about the LEI system and how it works.
The LEI number is valid when you receive it. However, it may take up to 24 hours before its validity can be verified by your bank or investment platform. The reason for this is that the GLEIF LEI database is only updated once daily.
LEI numbers require annual renewal. The renewal ensures that the LEI Index is always updated with the correct information concerning the legal entity.
With LEI System you can choose to purchase multi-year renewals which enables us to update your LEI using information from the official register. The legal entity is obligated to inform us of any changes made to this information so that we are able to update the GLEIF Index with the new data. This is done at no additional cost.
If your LEI code is expired it is no longer valid. Your legal entity cannot perform or participate in any financial transactions without a valid LEI number.
Because the GLEIF LEI database is only updated once daily, it can take up to 24 hours before your new LEI registration can be verified by the bank. There is also the possibility that your LEI has lapsed and is no longer valid. The reason for this may be that you forgot to renew your LEI registration.
Renew your LEI code quickly and securely through our online renewal form.
Yes. The Global Legal Entity Identifier Foundation (GLEIF) has published the Global LEI Index. It provides information, updated daily, on all LEIs issued to date. Any interested party can easily access and search the complete LEI data pool free of charge on the GLEIF website using the web-based LEI search tool developed by GLEIF.
In principle, no. It should be noted however, that on 30 September 2015, the Regulatory Oversight Committee published a statement clarifying the conditions under which individuals acting in a business capacity are eligible to obtain LEIs.
The content of the Legal Entity Identifier (LEI) data record is referred to as the legal entity reference data. LEI owners are responsible for keeping the LEI issuing organization aware of updates to the legal entity reference data. Also, any LEI data user may challenge an LEI and/or its legal entity reference data. A challenge triggers a review of the record by the respective LEI issuing organization to determine the validity of the updated information being submitted. Verification and updates of the LEI and/or its legal entity reference data resulting from challenges are processed free of charge by the managing LEI issuer.
The Global Legal Entity Identifier Foundation (GLEIF) is responsible for monitoring LEI data quality. The GLEIF data quality management program ensures that the LEI remains the industry standard best suited to providing open and reliable data for unique legal entity identification management.
The Legal Entity Identifier (LEI) is a 20-digit alphanumeric code that links to key reference information, enabling clear and unique identification of companies participating in global financial markets. The LEI is based on ISO standard 17442, developed by the International Organization for Standardization.
Established by the Financial Stability Board in June 2014, the Global Legal Entity Identifier Foundation (GLEIF) is a non-profit organization created to support the implementation and use of the Legal Entity Identifier (LEI). GLEIF is headquartered in Basel, Switzerland.
GLEIF’s services ensure the operational integrity of the Global LEI System. Through an open data license, GLEIF also provides the technical infrastructure that gives users free access to the complete global LEI repository. GLEIF is supervised by the Regulatory Oversight Committee, which consists of representatives of public authorities from around the world.
Learn more about GLEIF and its role in the Global LEI System.
In 2011, the Group of Twenty (G20) called on the Financial Stability Board (FSB) to provide recommendations for a global Legal Entity Identifier (LEI) and a supporting governance structure. This led to the development of the Global LEI System, which, through the issuance of LEIs, now enables the unique identification of legal entities participating in financial transactions worldwide.
The FSB emphasized that global adoption of the LEI supports multiple financial stability objectives and also offers significant benefits to the private sector.
The Global Legal Entity Identifier (LEI) System is an initiative of regulatory authorities worldwide, working in collaboration with the private sector to unambiguously identify legal entities engaged in financial transactions through the issuance of unique LEIs.
The Global LEI System is composed of three tiers:
Regulatory Oversight Committee: A group of public authorities from around the globe, established in January 2013, to coordinate and oversee a worldwide framework for legal entity identification — the Global LEI System.
Global LEI Foundation (GLEIF): Founded by the Financial Stability Board in June 2014, GLEIF is a not-for-profit organization created to support the implementation and use of the LEI. GLEIF services ensure the operational integrity of the Global LEI System.
LEI issuing organizations: Also referred to as Local Operating Units (LOUs), these organizations provide registration, renewal, and other services, acting as the primary interface for legal entities wishing to obtain an LEI.
Learn more about the structure and operation of the Global LEI System.
The Legal Entity Identifier (LEI) connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions. Simply put, the publicly available LEI data pool can be regarded as a global directory, which greatly enhances transparency in the global marketplace.
The publicly available LEI data pool is a unique key to standardized information on legal entities globally. The data is registered and regularly verified according to protocols and procedures established by the Regulatory Oversight Committee (ROC).
In the GLEIF blog post, entitled ‘The Global LEI System: A Look Back and a Look Ahead’ the former ROC Chair Matthew Reed recalled that the Global LEI System is designed to ultimately “answer three basic questions: Who is who? Who owns whom? And who owns what?” The information available with the legal entity reference data to date is referred to as ‘Level 1’ data. It provides the answer to the question of ‘who is who’.
On 10 March 2016 the ROC published a document, entitled ‘Collecting data on direct and ultimate parents of legal entities in the Global LEI System – Phase 1’. The paper sets forth the policy design of a process for collecting ‘Level 2’ data, to complement the existing ‘Level 1’ legal entity reference data. It describes the process of enhancing the reference data to include the ‘Level 2’ data that will answer the question of ‘who owns whom’.
More information on the process for collecting direct and ultimate parent data in the Global LEI System is available on GLEIF website.
The Global Legal Entity Identifier Foundation (GLEIF) has published the Global LEI Index. It provides information, updated daily, on all LEIs issued to date. Any interested party can easily access and search the complete LEI data pool free of charge on the GLEIF website using the web-based LEI search tool developed by GLEIF.
More information on how to access and use LEI data is available on the official GLEIF website.
As defined in ISO 17442, the standard underlying the Legal Entity Identifier (LEI), the term ‘legal entity’ includes, but is not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal contracts, regardless of whether they are incorporated or constituted in some other way (e.g. trust, partnership, contractual). It excludes natural persons, but includes governmental organizations and supranationals.
It is important to distinguish between being eligible for an LEI and being required to have one. As defined in ISO standard 17442, any legal entity that enters into a financial transaction is eligible for an LEI. Any legal requirement to have an LEI will come from national financial regulators.
See the full list of global regulatory initiatives supporting LEI adoption on the official GLEIF website.
Yes. The Legal Entity Identifier (LEI) is a unique identifier for any given legal entity. It is not an identifier for instruments. As a result, that legal entity will use its LEI for reporting of any type of financial transaction it enters into regardless of the asset class or when the particular asset was issued.
Legal Entity Identifier (LEI) issuers – also referred to as Local Operating Units (LOUs) – supply registration, renewal, and other services, and act as the primary interface for legal entities wishing to obtain an LEI.
Learn more about how to apply for and obtain an LEI code.
There are two options:
It is up to that authorized party to determine whether/how they get reimbursed by the party they have assisted.
