An LEI is a 20-character alphanumeric code that uniquely identifies legal entities participating in financial transactions worldwide.
Simply put: Under MiFID II, the principle is simple yet absolute: "No LEI, No Trade." This means that EU investment firms cannot execute transactions on behalf of clients who are eligible for an LEI but do not possess one. The regulation specifically states that investment firms must obtain an LEI from clients that are legal persons before providing any service that would result in a transaction reporting obligation.
Most LEI codes are issued within 24 hours after submitting all required documentation.
Yes, LEI codes must be renewed annually to remain valid. We offer competitive renewal rates.
You typically need business registration documents, proof of address, and authorized signatory information.
Any legal entity that participates in financial transactions, including corporations, partnerships, trusts, and other entities engaged in financial markets.
An expired LEI cannot be used for financial transactions. You must renew it to continue trading or engaging in regulated financial activities.
Yes, you can transfer your LEI to another GLEIF-accredited service provider. The LEI code remains the same, only the managing organization changes.