Register A Lei Number For Your Company 7

Failure to renew on time may result in regulatory penalties or rejection of financial transactions. Some providers offer multi-year renewal options, simplifying long-term compliance. Staying ahead of renewal dates prevents business interruptions and maintains credibility. Some applications require additional verification, especially if there are discrepancies in official records. Applicants should carefully review the entered data before submission to avoid errors.

An introduction to LEIs

LEI System is an Estonian-founded company helping legal entities obtain LEI code numbers. We are well-positioned to assist businesses, funds, and other legal entities in obtaining an LEI number affordably, easily, and quickly. Ubisecure is an identity services technology provider and the GLEIF accredited organization behind RapidLEI.

How do I apply for an LEI?

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. 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. An LEI is valid for one year and requires annual renewal to remain active.

Step 2: Go to the Apply section

The Global LEI Foundation (GLEIF) index is a global directory of free, openly accessible source of company information for use in financial transactions, KYC, and organization assurance use cases. Counter-parties and relying parties search the LEI index and utilize the verified organization data in transactions and onboarding. The global LEI Search tool connects to the GLEIS index of legal entities to search and retrieve organization reference data. RapidLEI is a Global LEI Foundation (GLEIF) accredited LEI Issuer.

Comparing different providers can help businesses find the best combination of affordability and efficiency.
Companies should prioritize timely updates to maintain compliance.
This process ensures that the data provided matches public official data.
Any legal requirement to have an LEI will come from national financial regulators.
Ubisecure, through our RapidLEI service, is one such accredited LEI Issuer.
Ubisecure is an identity services technology provider and the GLEIF accredited organization behind RapidLEI.

You can use our free LEI Search tool to find out the current status. We connect to the global LEI index to check, and depending on status our system will help you renew, register, or reactivate a lapsed LEI quickly (click for urgent lapsed lei issues). Only the accredited LEI Issuer managing the Identifier can renew it. If you want to renew an existing LEI with RapidLEI, you must first transfer it to our management. This is a simple process and our web forms guide you through the process (click for LEI transfer process).

Global availability

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.
Registering a Legal Entity Identifier (LEI) for your company/entity is an investment towards financial transparency and streamlined global transactions.
LEI numbers require annual renewal to ensure all information is accurate.
A Registration Agent assists legal entities in accessing LEI issuing organizations.
The application requires basic information about your company such as its legal name, address, and structure.

RapidLEI is the largest Issuer as shown in the GLEIF LEI statistics. It excludes natural persons, but includes governmental organizations and supranationals. The publicly available LEI data pool is a Register A Lei Number For Your Company unique key to standardized information on legal entities globally.

I ALREADY HAVE AN LEI, HOW DO I RENEW IT WITH RAPIDLEI?

For example, the organization’s legal and HQ address, and the current status of both the LEI and the organization incorporation. You can view its corporate structure to determine whether the organization has parent or children companies within the corporate group. This is useful for company verification and KYC (Know Your Customer) / KVB (Know Your Business). In the aftermath of the financial crisis, the G20, Financial Stability Board (FSB), and regulatory bodies worldwide introduced LEIs to provide greater transparency in the financial markets. Currently 300+ regulations and international standards (ISO) require or request the use of Legal Entity Identifiers to determine organization transparency, assess risk, and prevent market manipulation. Before delving into the LEI registration process, understanding what a Legal Entity Identifier is can be beneficial.

Step 6: Provide info on your entity’s structure

The first step in obtaining a Legal Entity Identifier is to select an LEI Issuer accredited by the Global Legal Entity Identifier Foundation (GLEIF). There are numerous LEI issuing organizations globally, and it’s essential to choose one that best aligns with your company’s needs and objectives. 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.

LEI Search Tool

The LEI was introduced to illuminate ownership structures of active companies and to increase the transparency of the global financial market. LEI issuing organization connects directly to the various business registries around the world to auto-retrieve organisation identity reference data, making applications faster and more accurate. All legal entities regardless of company size who wish to carry out financial transactions need to register a Legal Entity Identifier. We need your entity registration number and in rare cases additional information about ownership structure. In most cases we will automatically get the relevant information from the business register.

Should you need help registering your LEI, do contact our team and we will be happy to help. Specify for how many years you want to register an LEI code by selecting the option from the dropdown list. If your entity is not present in the list, and if your entity name consists of more than one word, try writing the full company/entity name for a more accurate query. If the entity still does not appear, click HERE to proceed with the manual registration. An entity’s LEI code is available publicly and can be seen by any member of the public at any time. An LEI code is neutral and doesn’t have any embedded intelligence or country code to avoid causing unnecessary complexity on the side of the users.

Subsequently, the authentication data will need to be validated or updated by the owner of the LEI on an annual basis. The validity of the LEI will then be extended for a further 12 months. We are the official LEI issuer of Bundesanzeiger Verlag GmbH – accredited by GLEIF. Register-LEI is a Legal Entity Identifier expert and certified Registration Agent who operates globally.

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