LEI Registration

LEI Register India offers a fast, reliable, and secure way to register or renew your Legal Entity Identifier (LEI). Our technology-driven approach simplifies data processing and provides a streamlined registration process.

1 2 3 - 4 LOU ID 5 6 7 8 9 10 11 12 13 14 15 16 17 - 18 Entity identifier 19 20 Verification The first four digits represent the identifier of the LEI issuing organization, otherwise known as Local Operating Unit (LOU). This section of the LEI code is unique and identifies each legal entity in the global database with alphanumeric characters. The final two verification digits are generated by an algorithmic formula as described in the ISO 17442 standard.

What is a Legal Entity Identifier (LEI)? The Legal Entity Identifier (LEI) is a 20-character alphanumeric code for identifying legal entities worldwide. Each LEI code is unique and exclusive: it is assigned to a company once and may not be assigned to any other company. The LEI code does not replace the national registry code of a company. Who is required to have an LEI? Non-individual borrowers: Entities with total fund-based and non-fund-based exposure of ₹5 crore and above. Large corporate borrowers: Corporates with a total exposure of ₹50 crore and above from banks, Primary (Urban) Co-operative Banks (UCBs), Non-Banking Financial Companies (NBFCs), and All India Financial Institutions (AIFIs). Participants in over-the-counter (OTC) derivatives and foreign exchange markets: Entities undertaking transactions in these markets. Entities involved in large-value transactions: Entities engaging in transactions of ₹50 crore and above through the Real Time Gross Settlement (RTGS) system. How long does it take to obtain an LEI? LEI Register India will usually assign your Legal Entity Identifier (LEI) code within 24 hours. However, it can take as little as 1-4 hours once we promptly receive the payment and supplementary documents from your company (if required). What does an LEI have to do with securities transactions? Since 3 January 2018, LEIs have been used to report the securities transactions of investment service providers to supervisory authorities to identify customers that are legal entities. These transaction reports identify and investigate market abuse and monitor transactions and investment service providers' activities in securities markets. The format of the report is established by an implementing regulation of the European Commission. Why do banks ask for LEI code? Banks ask for an LEI code to enhance transparency, improve risk management, comply with regulatory requirements, and ensure accurate financial reporting. What happens if I do not have an LEI code or if it expires? Investment service providers mandate that their legal entity clients possess a valid LEI code to meet their reporting requirements. Before carrying out any securities transactions, they confirm the validity of the LEI. If you lack an LEI, registration is necessary. Renewal becomes essential if your LEI expires (enter a lapsed status). What happens if a customer does not provide an LEI? Customers who fail to provide an LEI will encounter difficulties engaging in securities transactions through the investment service provider. Where can I check the validity of an LEI? The umbrella association's website, www.gleif.org , provides information about the validity of all LEI codes and related information. You can also check the validity of your LEI code here . Why is it necessary to renew the LEI code? Renewing the LEI code is necessary to keep it valid and compliant with regulations. LEI codes have expiration dates. Renewal ensures the information within the Global LEI database remains accurate and up-to-date. Who are GLEIF, LOU, and Registration Agent? The Global Legal Entity Identifier Foundation (GLEIF) is a not-for-profit organization overseeing the Global LEI System. A Local Operating Unit (LOU) is an entity accredited by GLEIF to issue, renew, and transfer LEIs. A Registration Agent assists legal entities with LEI services by facilitating the registration, renewal, and transfer processes with accredited LOUs. LEI Register India operates as a Registration Agent in partnership with the accredited LEI Issuer(s): Ubisecure Oy (Ubisecure RapidLEI) LEI: 529900T8BM49AURSDO55 , Nasdaq CSD SE (Nasdaq LEI) LEI: 485100001PLJJ09NZT59 . Do I need to pay for an LEI? Yes, obtaining and maintaining an LEI involves a fee. The cost varies depending on the provider and the duration for which the LEI is obtained. Is LEI-related information public? The purpose of the LEI system is to provide transparency in financial transactions, so certain details about legal entities, such as their names and registration details, are made publicly available through LEI databases.