Terms and Conditions  

To apply for an LEI number/renew an existing number, or transfer an LEI number under our management, fill in the relevant application form, submit your data.

The applicant agrees that while submitting the form, they accept the terms and conditions of LEI.net™. The applicant confirms they have full authority to apply for an LEI number on behalf of the Legal Entity. The applicant confirms that the data submitted is correct and that they know their contact details will be shared with the L.O.U. (Local Operating Unit) Bundesanzeiger Verlag GmbH. 

The new LEI applicant gives all rights to LEI.net™ to apply for an LEI code on the Legal Entity's behalf. LEI Renewal applicant gives all rights to LEI.net™ to renew an LEI on the Legal Entity's behalf. LEI transfer applicant permits to transfer the LEI under our management. An LEI transfer applicant knows that LEI transfer entails/may entail a change of L.O.U. 

LEI.net™ will start with the LEI registration process shortly after the client has submitted the data to LEI.net™. The applicant is aware that they may be contacted to supply a Letter of Authorisation (Power of attorney) or any other proof that the applicant is authorised to apply for an LEI on behalf of the Legal Entity. The applicant knows that if asked and no such authorisation is presented, LEI.net™ cannot proceed with the application. If the applicant fails to provide such documents, LEI.net™ keeps the right not to issue any refunds.

LEI.net™ can also contact the customer to provide additional documents of proof regarding the registration of the Legal Entity or documents that provide proof of the person(s) authorised to represent the Legal Entity. The applicant is aware that if asked and no such documents are presented, LEI.net™ cannot proceed with the application. If the applicant fails to provide such documents, LEI.net™ keeps the right not to issue any refunds.

The LEI code will be provided as soon as possible after the data has been submitted. The LEI code will usually be issued in less than 24 hours. However, in some rare cases, it may take up to a full week. The LEI renewal or transfer process can take up to 7 days. Once the LEI code has been issued or renewed, an email with an invoice will be sent to the applicant's email address.

The applicant is aware and agrees that the application will be counted as final after the data has been submitted. If the client has submitted an application for a new LEI, or ordered an LEI renewal or transfer and the client has accepted the Terms and Conditions, the application is considered to be final and it is not possible for the client to revoke the application. If the applicant has provided enough information to give the LEI, the process cannot be stopped and the LEI will be issued.

The client agrees to notify LEI.net™ in case there has been a change in data that cannot be validated from public company registries (e.g., Level 2 data, which is to validate the Parent or Ultimate Parent Entity).  LEI.net™ will amend the data accordingly through the relevant L.O.U.

If the signing authority has changed during the automatic renewal period, LEI.net™ will ask to provide a new Letter of Authorisation from a relevant signing authority. If the client fails to provide the signed Letter of Authorisation by the appropriate person, LEI.net™ cannot continue with the automatic renewal. The LEI will be renewed once the customer provides the Letter of Authorisation by the company's legal representative or can provide proof that they are authorised to sign the authorisation form.

f no Letter of Authorisation is presented in 60 days LEI.net™ has the right to cancel the multiyear contract and no refunds will be issued. 

Customers will be notified by email about the upcoming automatic renewal. They will have a 5-day period to submit changes to their LEI data in case anything needs to be updated. After the 5 days, the LEI Register will start the renewal process. Once the renewal process has been completed, the customers will receive a final confirmation email with the final invoice for the renewal service.