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Answers to Your Questions
Why is an LEI necessary?
The Legal Entity Identifier (LEI) is the unique global identifier for legal entities participating in financial transactions. Also known as an LEI Code or LEI Number, its purpose is to identify legal entities using a single global database.
Who needs an LEI?
All legal entities regardless of company size who wish to carry out financial transactions need to register a Legal Entity Identifier.
How can I apply for an LEI?
You can apply right here. The process only takes a few minutes, your new LEI will be valid within an hour.
How long is my LEI valid?
The Legal Entity Identifier is valid for one year from the date of first issuance and is to be renewed automatically upon expiration. The regular renewal of the Legal Entity Identifier is necessary to ensure that all company information affiliated with the LEI is up-to-date.
A word from our clients.
Register-LEI scores with its most important asset: personal contact. Key issues are dealt with quickly and in a competent and straightforward manner. Yet, there is still time for a nice chat in between. A service-oriented company.
The KSV1870 group works to uphold the highest quality criteria and therefore only with established professionals on the market. After all, our clients expect quality. Register-LEI is a partner we can rely on and who meets all our requirements.
We manage LEIs for our clients – possible thanks to Register-LEI. An unbelievably valuable service that expands our portfolio.
Two requirements have to be satisfied: Professional competence and trust. Register-LEI meets these demands. The company assists me as an expert partner and I can trust that my Legal Entity Identifier meets all legal requirements at any given time.
Two aspects distinguish Register-LEI: 1. They ascertain the fastest, most uncomplicated way to the Legal Entity Identifier. 2. As an Austrian provider they are available for their clients anytime.
Companies trust Register-LEI
Register-LEI is a Legal Entity Identifier expert and certified Registration Agent who operates globally. Register-LEI guarantees security through modern encryption standards, personal customer support and fast handling of technical and content-related questions about LEI.
For many companies, managing a Legal Entity Identifier is an annoying administrative effort and to some extent a puzzling mystery. Our goal is to make this process transparent, faster and understandable.
Who needs an LEI?
All legal entities regardless of company size who wish to carry out transactions in European financial markets involving any kind of securities or derivates need to register a Legal Entity Identifier.
Where can I apply for an LEI?
Legal Entity Identifiers can be applied for at official LEI Registration Agents (RA).
The LEI will then be issued by a Local Operating Unit (LOU) and assigned by the Global Legal Entity Identifier Foundation (GLEIF), who also lists the LEIs on their website.
How long is an LEI valid?
The Legal Entity Identifier is valid for one year from the first date of issuance and may be renewed automatically upon expiration. The regular renewal of the Legal Entity Identifier is necessary to ensure that all company information affiliated with the LEI is up-to-date.
What are the legalities of the LEI?
At the end of 2017, the Implementing Regulation (EU) No 2017/105 came into effect, requiring the use of an LEI number for reporting all derivatives transactions since January 2018
All companies participating in the global financial market are now identified, networks made more transparent.
As an example, LEI numbers are already being used under the European Market Infrastructure Regulation (EMIR) to identify counterparties to over-the-counter (OTC) derivatives. Additionally, an LEI number for issuers has been mandatory since the beginning of 2017.
What is a Legal Entity Identifier (LEI)?
The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions. Each LEI contains information about an entity’s ownership structure and thus answers the questions of ‘who is who’ and ‘who owns whom’. Simply put, the publicly available LEI data pool can be regarded as a global directory, which greatly enhances transparency in the global marketplace. Definition by the Global Legal Entity Identifier Foundation (GLEIF).
Who can apply for an LEI?
You can apply for a Legal Entity Identifier for your company if you are either
a. an authorized representative with signatory powers of the applying company, or
b. recognized by another authorized representative of the company to apply for the LEI.
Where can I look up LEIs?
You can find issued Legal Entity Identifiers either by entering the LEI number or the company name on our Search page, or the official listing on the website of the Global Legal Entity Identifier Foundation.
Who is the GLEIF?
The Global Legal Entity Identifier Foundation (GLEIF) supports the implementation and use of the Legal Entity Identifier (LEI). The foundation is backed and overseen by the LEI Regulatory Oversight Committee.
Register-LEI is a Registration Agent (RA) cooperating with the Local Operating Unit (LOU) Ubisecure.