Compare LEI code registration fees
LEI code price can vary up to 3 times between different providers. Find the cheapest provider with Friday Investor’s comparison table.
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What is important when choosing an LEI provider
How the comparision table is put together
Also known as an LEI code or LEI number, its main purpose is to help identify legal entities on a global database. Legal entities are organizations, such as companies or government entities, that participate in financial transactions.
This identifier is used in regulatory reporting to financial regulators, and all financial companies and funds are required to have an LEI number.
LEI codes are required by any legal entity that is involved with financial transactions or operating within today’s modern financial system, especially in the EU, UK and the United States. Mandates state “no LEI, no trade”. This means if you do not have an LEI number when required, your trades will be blocked.
No. You may obtain an LEI from an LEI issuer abroad if your country does not have one or an LEI issuer from abroad who has a better price than what is offered in your country.
However, not all LEI issuers accept companies from all countries. Due to that fact, we ask you to select the country where your company is incorporated in our table section.
- Find the most suitable LEI provider from our comparison table.
- Click the “go to a website” button, which takes you to an LEI provider website you have chosen.
- Most LEI providers require user registration. When logged in to your user account, you can start applying for an LEI.
- Instructions for the application process are available on most LEI issuer websites together with a step-by-step guide on how to complete your LEI application.
- Once the record validation is completed by the provider, the record will have an LEI assigned and published to you.
Once your application is fully submitted, you can expect your LEI confirmation email within 24 hours. Please note that the application process for some LEI issuers takes more time and some are automated, meaning the Legal Entity Identifiers are issued instantly.
LEI registration can be processed by any individual who has been authorized by the firm for which the LEI is being registered, whether a direct employee, an employee of a controlling interest, or a third party who has been given explicit permission to register on the firm’s behalf.
GLEIS is an international organization endorsed by the G20 countries and created by the FSB – Financial Stability Board. GLEIS is responsible for creating the Global LEI System, monitoring LOUs, and facilitating the global mass adoption of the Legal Entity Identifier (LEI).
The headquarters of GLEIS are in Basel, Switzerland. Their website can be found at www.gleif.org.