Apply for LEI

Frequently Asked Questions

Questions you may have in mind

What is a Legal Entity Identifier (LEI)?
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An LEI number is like a unique ID number for companies and organizations. It’s a 20-digit code that helps identify businesses involved in financial transactions worldwide. Think of it as an Aadhaar card but for companies.

Who needs an LEI?
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Any company, trust or organization that deals in financial markets may need an LEI certificate. For example:

  • Businesses buying or selling securities, bonds, or derivatives
  • Companies doing cross-border financial transactions
  • Firms that banks require to have an LEI for compliance
How long does it take to get an LEI?
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Usually, you can get an LEI code within a few hours if your documents are ready. Sometimes, it may take 1–2 days if extra checks are needed.

How is an LEI connected to securities transactions?
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When a company buys or sells securities (like shares, bonds, or derivatives), regulators need to know who is behind the trade. The LEI number makes this possible, ensuring transparency and reducing fraud.

Why do banks ask for an LEI?
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Banks ask for an LEI number because they are required by law to verify the identity of the businesses they deal with. It helps them:

  • Follow regulatory rules
  • Report transactions properly
  • Reduce financial risks
What if I don’t have an LEI or if it expires?
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If you don’t have an LEI code or yours has expired:

  • You cannot trade in regulated markets (like stocks or bonds)
  • Banks may refuse to process your transactions
  • Your business may face compliance issues
What if a customer doesn’t provide an LEI?
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If a customer is required to have an LEI certificate but doesn’t provide it, banks and brokers may:

  • Reject their transactions
  • Stop them from trading in financial markets
  • Be unable to file regulatory reports
Where can I check if an LEI is valid?
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You can check any LEI’s status on the GLEIF website (Global Legal Entity Identifier Foundation): www.gleif.org

Why do I need to renew my LEI?
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An LEI number is valid for 1 year. Renewal keeps your company’s details (like name, address, registration) updated in the global database. If it’s not renewed, your LEI becomes inactive and you won’t be able to use it for transactions.

Who are GLEIF, LOU, and Registration Agents?
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GLEIF: A global organization that manages the entire LEI system.
LOU (Local Operating Unit): Authorized bodies that issue LEIs.
Registration Agent: Companies that help businesses apply for or renew LEIs through an LOU.

Do I have to pay for an LEI?
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Yes. There’s a small fee to get or renew an LEI, usually between $50–$100 per year, depending on the service provider.

Is LEI information public?
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Yes. LEI data is completely open and accessible to everyone. Anyone can look up details like company name, address and LEI registration info in the global LEI database.