How to Obtain a Legal Entity Identifier (LEI)
With nearly 14% of the world’s Legal Entity Identifiers registered in the financial services sector, the United States is the largest user of the LEI. This prevalence is due to the numerous US regulations requiring the LEI for transaction reporting. If your US company is involved in financial markets, obtaining an LEI number is likely necessary.
Even if not legally required, there are many benefits to having an LEI. Consequently, many LLCs and Sole Traders are obtaining LEIs proactively. Since the LEI system is becoming a global standard, securing an LEI number now is advisable.
LEI numbers are available through Local Operating Units (LOUs), organizations accredited by GLEIF (Global Legal Entity Identifier) or endorsed by the ROC (Regulatory Oversight Committee). LOUs issue LEI numbers to legal entities.
To streamline this process, GLEIF introduced the concept of the “Registration Agent.” This entity makes it easier for legal entities to access LOUs and obtain an LEI.
What is a Registration Agent?
A Registration Agent assists legal entities in accessing LEI issuing organizations. Partnering with one or more LOUs, the Registration Agent ensures clients’ LEI needs are met.
LEI System is a Registration Agent, facilitating access to LOUs and handling the application process. We manage communications with the legal entity and securely process payments for LEI issuance or renewal, making the process fast, easy, and affordable.
How to Obtain a Legal Entity Identifier: The Application
Need an LEI number for your company? LEI System simplifies the process.
You can apply for a new LEI number here.
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.
How to Renew a Legal Entity Identifier
LEI numbers require annual renewal to ensure all information is accurate. LEI System can help renew an existing LEI number, even from another Registration Agent, and offers automatic renewal options.
Click here to transfer and renew an existing LEI number.
How Long Does it Take to Register an LEI?
Your new LEI number will be issued within 6 to 48 hours.
Please note that while banks and the global register update LEI information daily, it may take up to 24 hours for your new LEI number to appear in the global GLEIF register.
Check Your LEI with LEI Lookup
To verify your LEI information in the global system or to look up another legal entity’s LEI information, use the GLEIF LEI lookup.
Click here to search the GLEIF database for the information you need.
