Who needs a Legal Entity Identifier number at this point?

As of January 3rd 2018 all legal entities which wish to transact in European financial markets involving any kind of securities or derivates (for example Stocks, Bonds, ETFs, FX Forwards, Swaps, Interest rate Swaps etc.) need to register for an LEI number.

What is an Legal Entity Identifier?

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

What is the purpose of an LEI?

The LEI system was initiated as a response to the financial crisis and is aimed at improving transparency in financial data systems.

In the most general sense, an LEI is needed by any legal entity whose activities incorporate financial transactions. There are currently around 100 regulations among jurisdictions where the use of LEI is either required or requested.

Is the LEI compulsory?

As of the 3rd of January 2018 LEI’s are mandatory for trading entities. The European Union (EU) revised Markets in Financial Instruments Directive (MiFID II) and accompanying regulation (MiFIR) came into effect on this date and affects trading venues, investment firms and their intermediaries.

Can a private individual apply for an LEI?

Private individuals cannot receive an LEI. An LEI can be issued to all legal entities. Branch offices or operating divisions which are not separate legal entities are initially expected to use the LEI of their parent organisation.

What is the LEI cost?

LEI cost can differ among various service providers. The price of an LEI has to do with the organisation’s own pricing structure and not with a “better” functioning LEI code.

The GLEIF fee is the LEI license fee, which is passed on directly to the Global LEI Foundation (GLEIF). The GLEIF surcharge is paid by the LOU per issued LEI.

LEI renewal is a fairly similar process and is essentially identical to the LEI registration. The customer needs to fill out the form, either by entering company name or the LEI number to the LEI renewal form.

How long does it take to renew an LEI?

The renewal of an LEI is a rather quick process on its own, but when it comes to changing the LEI service providers (known as the LEI transfer) then it could take a few days (up to 7 days) for the transfer to be completed.

How to check LEI code validity?

LEI validity can be checked with an LEI Register’s LEI search tool which is very easy to use. Person looking for an LEI has to enter their company name or LEI number to the search bar. Then, the autosuggestion already helps to choose the right company name or LEI when typing to the search bar.

Why do LEI numbers need to be renewed?

Renewing the LEI number is necessary to ensure that all information about the company connected to the LEI code is up to date.

Legal Entity Identifier Registration in India

Total Exposure to SCBs	To be Completed by
Rs 1000 Crore and above	31-Mar-18
Between Rs 500 Crore and Rs 1000 Crore	30-Jun-18
Between Rs 100 Crore and Rs 500 Crore	31-Mar-19
Between Rs 50 Crore and Rs 100 Crore	31-Dec-19

Phase	Net Worth of Entities	Proposed Deadline
Phase I	Above Rs 10000 Million	30-Apr-19
Phase II	Between Rs 2000 Million and Rs 10000 Million	31-Aug-19
Phase III	Up to Rs 2000 Million	31-Mar-20

LEI:

LEI Next Renewal Date:

Your LEI is currently being managed by [current_lou]. Please note that we can only renew your LEI if it is under our management. To proceed with the LEI renewal we first need to transfer your LEI to our Partner LOU, RapidLEI. RapidLEI is a GLEIF accredited LEI issuer. Please use the transfer form to transfer the LEI, then we can help with the renewal.

Your LEI is currently being managed by [current_lou]. You are about to transfer your LEI under LEI Register management. To complete the process we need to transfer your LEI to our Partner LOU, RapidLEI. RapidLEI is a GLEIF accredited LEI issuer. Please choose below between a regular transfer (LEI will not be renewed) or a transfer with LEI renewal.

What is the difference between an LEI transfer and LEI renewal?

LEI renewal is an annual update of the registration data related to the Legal Entity in the GLEIF database. The data related to the entity has to be updated at least once a year.

LEI transfer is the movement of the LEI code from one service provider to another. The LEI is transferrable to ensure the client has a choice between the service providers. If the client is not happy with the fees, service or data quality it can move the LEI to another LEI issuer (LOU). In the process of transfer the LEI number does not change. It is a back-end process which is not visible to end customers. All the LEI codes are valid in every jurisdictions. Investment service providers can not differentiate the LEI numbers according to the LOU.

LEI Register offers a transfer service with an LEI renewal to ensure the highest level of data accuracy.

To continue with the renewal we first need to transfer your LEI, please use the LEI transfer form to continue with the renewal.

Dear customer, Your LEI is currently being managed by our partner LOU RapidLEI, but not under our management as a Registration Agent. We appreciate your interest in our service but unfortunately can not currently support your entity. To renew your LEI, please contact RapidLEI directly at support@rapidlei.com or visit their partner site to find your local partner. Thank you for understanding! LEI Register Support Team

Dear customer, You currently have a valid contract with us for LEI code [lei]. The contract is valid until [paid_until]. This means we will take care of the annual LEI renewals for you until [paid_until]. Your can check your LEI data here: [leicert_link] If you need to update your LEI details or have any questions, please contact us at [site_email].

Do you agree with the transfer and continue to renew the LEI with the same application?

You are about to complete the LEI transfer application. As a final confirmation we need to make sure that you have on purpose selected LEI transfer without data renewal. Would you would still like to renew your LEI with the transfer ?

LEI:

Próxima Fecha de Renovación LEI::

Su LEI está siendo manejado actualmente por [current_lou]. Por favor tome en cuenta que solo podemos renovar su LEI si esta dentro de nuestra gestión. Para proceder con la renovación de LEI primero tenemos que transferir su LEI al Asociado de nuestro LOU, RapidLei. RapidLei es un GLEIF acreditado emisor de LEI. Por favor utilice el formulario de transferencia para transferir el LEI, después podremos ayudarle con la renovación.

Su LEI está siendo manejado actualmente por [current_lou]. Usted está a punto de transferir su LEI a la gestión del Registro de LEI. Para completar el proceso necesitamos transferir su LEI a nuestro Asociado LOU, RapidLEI. RapidLei es un GLEIF acreditado emisor de LEI. Por favor elika entre una transferencia regular (LEI no será renovado) o una transferencia con renovación de LEI.

¿Cuál es la diferencia entre una transferencia del LEI y una renovación del LEI?

La renovación del LEI es una actualización anual de los datos de registro relacionados con la entidad jurídica de la base de datos de la GLEIF. Los datos relacionados con la entidad deben actualizarse, por lo menos, una vez al año.

La transferencia del LEI es la movilización del código LEI de un proveedor de servicios a otro. El LEI es transferible para garantizar que el cliente pueda elegir entre los proveedores de servicios. Si el cliente no está satisfecho con las tarifas, el servicio o la calidad de los datos, puede trasladar el LEI a otro emisor de LEI (LOU). El código LEI no cambia durante el proceso de transferencia. Es un proceso de backend que los clientes finales no ven. Todos los códigos LEI son válidos en todas las jurisdicciones. Los proveedores de servicios de inversión no pueden distinguir los códigos LEI de acuerdo con la LOU.

El Registro del LEI ofrece un servicio de transferencia, en el que se incluye la renovación del LEI para asegurarle la mayor precisión de datos.

Para continuar con la renovación primero necesitamos transferir su LEI, por favor utilice el formulario de transferencia LEI para continuar con la renovación.

"Estimado cliente, Su LEI está siendo manejado actualmente por nuestro asociadoLOU RapidLEI, pero no está dentro de nuestra gestión como Agente de Registro. Apreciamos su interés en nuestro servicio, pero desafortunadamente no podemos apoyar a su entidad. Para renovar su LEI, póngase en contacto con RapidLEI directamente en support@rapidlei.com o visite el sitio de su socio para encontrar su socio local. ¡Gracias por su comprensión! Equipo de Soporte de Registro LEI"

Estimado cliente: Tiene un contrato vigente con nosotros para el código LEI [lei]. El presente contrato tiene validez hasta el [paid_until]. Por lo tanto, nos encargaremos de sus renovaciones anuales del LEI hasta el [paid_until]. Puede consultar sus datos del LEI aquí: [leicert_link] Si necesita actualizar sus datos del LEI o tiene alguna pregunta, póngase en contacto con nosotros en [site_email].

¿Está de acuerdo con la transferencia y continuar con la renovación de LEI con la misma aplicación?

Está a punto de completar la aplicación de transferencia de LEI. Como confirmación final necesitamos asegurarnos de que ha seleccionado a propósito la transferencia de LEI sin la renovación de datos. ¿Aún le gustaría renovar su LEI con la transferencia?

Quicklei – Apply for new and Renewal of Existing Legal Entity Identifier Code

Entity Address

Our services

Importance of Legal Entity Identifier in India and World

Schedule for Implementation of LEI ( Large Corporate Borrower)

Schedule for Implementation of LEI for Various entities (including participants in Money Market, G Sec market and Forex Market)

What is the difference between an LEI transfer and LEI renewal?

¿Cuál es la diferencia entre una transferencia del LEI y una renovación del LEI?

Quicklei – Apply for new and Renewal of Existing Legal Entity Identifier Code

Entity Address

Our services

Importance of Legal Entity Identifier in India and World

Schedule for Implementation of LEI ( Large Corporate Borrower)

Schedule for Implementation of LEI for Various entities (including participants in Money Market, G Sec market and Forex Market)

What is the difference between an LEI transfer and LEI renewal?

Dear customer, there is a possible duplicate match between your application and Global Legal Entity (GLEIF) database. Please check the information below to confirm if this is your company or not.

In case this is your company information above, click YES to proceed to LEI renewal application. If you are sure this is not your entity, click NO and proceed with new LEI application.

¿Cuál es la diferencia entre una transferencia del LEI y una renovación del LEI?

Estimado cliente, existe una posible coincidencia duplicada entre su solicitud y la base de datos de Global Legal Entity (GLEIF por sus siglas en inglés). Por favor, revise la información a continuación para confirmar si esta es su empresa o no.

En caso de que esta sea la información de su empresa anterior, haga clic en SÍ para proceder a la solicitud de renovación del LEI. Si está seguro de que no es su entidad, haga clic en NO y continúe con la nueva aplicación de LEI.