How to Obtain an LEI?
It is simple to obtain an LEI (Legal Entity Identifier). From the list of LEI issuing organizations in the article below, contact your desired business partner. To know more about How to obtain an LEI click on the link.
The LEI issuing organization’s role
The LEI issuer, also known as the Numbering Authority (LOU), serves as a point of contact for legal organizations interested in obtaining an LEI by facilitating registration, renewal, and other services. LEIs can only be issued by entities that have been legally certified by the Global Legal Entity Identifier Foundation (GLEIF). GLEIF analyses the appropriateness of an organization wishing to function as an LEI issuer within the global LEI system through accreditation.
Being a GLEIF-certified member of the Global LEI System demonstrates our dedication to data quality and customer service around the world. GLEIF aims to improve the quality, reliability, and use of LEI data, allowing market participants to take advantage of the wealth of information available in the LEI population. The following data quality reports are published by GLEIF every month:
- Data Quality Reports for the Global LEI System: These reports indicate the current data quality attained by the Global LEI System.
- Data Quality Reports from LEI Publishers: These reports detail the level of data quality attained by individual LEI issuing organizations.
The Legal Entity’s Role Identifier requesting an LEI
Legal entities do not have to utilize their own LEI issuer; they can use any LOU registration service that permits them to register for LEI within their approved jurisdiction. By jurisdiction, the table below shows all GLEIF-certified LEI issuers who provide LEI services. LEI issuers who have completed the GLEIF certification program in the applicable jurisdiction are certified LEI issuers. Select the appropriate country to see which LEI issuers are servicing in your target country.
LEIs are linked to key references that can be used to clearly and uniquely identify legal organizations involved in financial transactions. Through the self-registration process, a legal entity desiring to receive an LEI must give its LEI issuer accurate reference data, that is, the legal entity’s public information that can be identified by the LEI.
- Information on the business card: The legal entity’s official name as well as its registered address This information is referred to as “level 1” data in the worldwide LEI system. This information answers the question of “who is who.”
- Information on the relationship: If appropriate, information that permits the direct and ultimate parent companies of the legal entity to be identified. This data is referred to as “level 2” data.
After the local registration authority (such as the national business register) confirms the reference data, the LEI issuing organization must issue an LEI that meets the LEI standards. The cost of establishing and maintaining the Legal Entity Identifier (LEI) is entirely up to the LEI issuing body. The purpose of the Global LEI System is to promote competition among LEI issuing organizations.
The global LEI index is where each legal entity identifier (LEI) is issued. It is the world’s only open, standardized, and high-quality legal entity reference data source available online. Stakeholders can use GLEIF’s web-based LEI search tool to access and search the whole LEI data pool.