WE REGISTER YOUR LEI IN MINUTES
1. ORDER YOUR LEI:
Simply order your LEI without filling out long forms.
We accept credit cards and Paypal.
2. AUTHORIZE US:
We will send you a pre-filled Letter of Authorization (LoA).
Please sign and return the form to us.
3. OBTAIN YOUR LEI:
We handle all other requirements and register the LEI on your behalf.
The valid LEI will be send to you within minutes.
The most relevant questions and answers about LEI:
No LEI, No Trade:
A Legal Entity Identifier (LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions.
The updated Markets in Financial Instruments Directive (MiFID II) and the related Regulation (MiFIR) entered into force on 3 January 2018 and have extended and improved the current framework in the European Union since 2007.
In the wake of the financial crisis and market developments since MiFID I, the new regime aims to ensure more transparent and competitive financial markets and better protection for investors in financial instruments.
Identifiers are an essential part of many of the reporting obligations that market participants have to fulfil. The LEI is a MiFID requirement for all financial market participants, regardless of their physical location.
What exactly are Entity Legal Form (ELF) Codes?
Since March 1, 2018, the Global LEI Foundation has introduced a new standard coding system for the Entity Legal Forms (ELF). The ELF code is a 4 character alphanumeric code linked to the founding country of a unit.
The ELF code is therefore merely an identifier of the legal form of a company.
What exactly is a LEI?
The LEI is a unique 20-digit alphanumeric code based on the ISO 17442 standard and assigned to legal entities that engage in financial transactions. Only one LEI is assigned to a single legal entity worldwide.
Which companies may request a LEI?
A LEI can be applied for all parties that engage in financial transactions, including but not limited to:
- Registered Companies including Registered Subsidiaries
- Non-Profit/Charity Organizations
- Authorities and organizations
- Sole proprietors (persons entered in the Companies Register)
- Branches (head office must already have a LEI)
A LEI should NOT be applied for by individuals or business units. These companies should use the LEI of their parent organisation.
How long is a LEI valid?
The validity period of a LEI is one year from the issue date or the last renewal date. If the LEI is not renewed within the one-year period, the LEI (ENTITY STATUS = LAPSED) expires. This status may affect your company’s ability to participate in regulatory reporting and financial transactions. Read more about Entity Status here.
What should I bear in mind when renewing a LEI?
An authorized person can request changes to a record at any time through the update process. Maintenance of the LEI record is required annually and each non-renewed record is marked as such in its registration status. The information is checked for data accuracy and formatting to ensure that there are no duplicate records. A fee shall be paid for the annual renewal of the LEI.
Disclosures regarding the parent company
The reference data of each legal entity is linked to information on the corporate structure.
The LEI answers not only the question “Who is who?”, but also the question “Who belongs to whom?
The direct parent company is defined as the next higher entity that prepares consolidated financial statements and consolidates and discloses the entity concerned.