{"id":5588,"date":"2021-06-22T13:02:25","date_gmt":"2021-06-22T12:02:25","guid":{"rendered":"https:\/\/lei.net\/terms-and-conditions\/"},"modified":"2025-10-15T15:54:24","modified_gmt":"2025-10-15T13:54:24","slug":"terms-and-conditions","status":"publish","type":"page","link":"https:\/\/lei.net\/in\/terms-and-conditions\/","title":{"rendered":"T&Cs"},"content":{"rendered":"\r\n
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Terms and Conditions<\/h1>\r\n\r\n\r\n\r\n

F.I.D. provides the LEI service. Firmeninformationsdienst GmbH (LEI Number 98450069D77R7698B317). LEI.net is an LEI Registration Agent. F.I.D. Firmeninformationsdienst GmbH operates under the trademark LEI.net\u2122.\u00a0<\/p>\r\n\r\n\r\n\r\n

\u00a0<\/div>\r\n\r\n\r\n\r\n

1. New LEI, LEI Renewal or Transfer process<\/h3>\r\n\r\n\r\n
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\n 1.1<\/span>\n
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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 and pay for the service by credit card, paypal or Google Pay.<\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 1.2<\/span>\n
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The applicant agrees that while submitting the form, they accept the terms and conditions of LEI.net\u2122. 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.\u202f <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 1.3<\/span>\n
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The new LEI applicant gives all rights to LEI.net\u2122 to apply for an LEI code on the Legal Entity's behalf. LEI Renewal applicant gives all rights to\u202fLEI.net\u2122 to renew an LEI on the Legal Entity's behalf. LEI transfer applicant permits to transfer the LEI under our management.\u202fAn LEI transfer applicant knows that LEI transfer entails\/may entail a change of L.O.U.<\/p>\n \r\n\r\n

\n 1.3.1<\/span>\n

The applicant is aware of and agrees to give all rights to LEI.net\u2122 to sign the terms and conditions of the selected L.O.U. The terms of service for Bundesanzeiger Verlag GmbH can be found at https:\/\/www.leireg.de\/en\/legal.\u202fThe terms of service among L.O.U.s are very similar as they all follow GLEIF's guidelines.\u202f <\/p>\n<\/div> <\/div>\n<\/div><\/section>\r\n\r\n

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\n 1.4<\/span>\n
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LEI.net\u2122 will start with the LEI registration process shortly after the client has submitted the data to LEI.net\u2122 and has made the payment. 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\u2122 cannot proceed with the application. If the applicant fails to provide such documents, LEI.net\u2122 keeps the right not to issue any refunds. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 1.5<\/span>\n
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LEI.net\u2122 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\u2122 cannot proceed with the application. If the applicant fails to provide such documents, LEI.net\u2122 keeps the right not to issue any refunds. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 1.6<\/span>\n
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The LEI code will be provided as soon as possible after the payment has been made. 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.\u202fOnce the LEI code has been issued or renewed, an email with an invoice will be sent to the applicant's email address. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 1.7<\/span>\n
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The applicant is aware and agrees that the application will be counted as final after the data has been submitted and the payment has been made. 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. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n\r\n

2.\u202f contracts\u202f\u00a0<\/h3>\r\n\r\n\r\n\r\n

Suppose the client has bought the LEI renewal service for multiple years. In that case, LEI.net\u2122 will cover the renewal cost for the period bought and renew the company’s data in the GLEIF (Global Legal Entity Identifier Foundation) database annually based on the data provided in the public company registries. The client accepts that the Legal Entity data will be automatically corrected according to the official entity registration documents if they have changed compared to the previous data records in the GLEIF database.\u202f\u00a0<\/p>\r\n\r\n\r\n

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\n 2.1<\/span>\n
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The client agrees to notify\u202fLEI.net\u2122\u202fin 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).\u202f\u202fLEI.net\u2122\u202fwill amend the data accordingly through the relevant L.O.U. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 2.2<\/span>\n
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If the signing authority has changed during the automatic renewal period,\u202fLEI.net\u2122 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\u2122 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. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 2.3<\/span>\n
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If no Letter of Authorisation is presented in 60 days\u202fLEI.net\u2122\u202fhas the right to cancel the multiyear contract and no refunds will be issued.<\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n

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\n 2.4<\/span>\n
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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 Federal Gazette 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. <\/p>\n <\/div>\n<\/div><\/section>\r\n\r\n\r\n


3. Fees\u00a0<\/strong><\/h3>\r\n\r\n\r\n\r\n

Fees for ordering a new LEI, transferring an LEI or renewing an LEI can be found at the homepage at the product section.\u202f\u202fLEI.net\u2122\u202fhas the right to charge a refund fee of 30 GBP per refund.\u00a0\u00a0<\/p>\r\n\r\n\r\n\r\n

Payment is authorized and processed via Bundesanzeiger Verlag GmbH.<\/p>\r\n\r\n\r\n\r\n

The refund period as detailed under the GLEIF RA Governance Framework will be honoured appropriately.<\/p>\r\n\r\n\r\n

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4. Refund policy\u2019s<\/strong>\u00a0<\/h3>\r\n\r\n\r\n\r\n

.<\/p>\r\n\r\n\r\n\r\n

LEI.net\u2122 has the right to deny any refunds if:\u00a0<\/p>\r\n\r\n\r\n\r\n