The LEI Registry is an official RA and we have been helping legal entities since early 2018 to apply for new LEI codes or to transfer and renew existing LEI codes. We have successfully pursued our goal of making the LEI registration process simple, automated, fast and affordable. LEI Register has built a loyal customer base by offering the lowest prices in the market while providing active customer support 7 days a week in 35 countries. Registration of individual LEI applications commenced on 5 August 2013. The bulk upload feature is now also available for organizations that need to allocate 10 or more LEIs. You can apply for your LEI here – www2.londonstockexchangegroup.com/register-for-lei. GLEIF has developed the concept of « registrar » to streamline the issuance of LEIs. Your job is to help legal entities like you find an LEI code. The success of RAs depends on the efficiency of their systems and their ability to simplify the LEI registration or renewal process for their clients. A LOU is empowered to issue LEIs to legal entities involved in financial transactions. While LOUs themselves can register LEIs for clients, they typically choose to reach clients and address potential challenges for RAs. The consolidated database ensures that all LEI records are referenced before a new LEI is created to avoid duplication. The entity validation is then performed against global sources, so you can be sure that the LEI obtained is unique and accurate.

What you often don`t hear in this system is that LEI prices are determined by the organization`s own fee structure and have nothing to do with the value of the LEI code itself. Code is simply a tool that allows you to easily identify legal entities operating in the financial market. London Stock Exchange LEI Limited is the GLEIF accredited body and all references to the « London Stock Exchange » shall be construed as references to the « London Stock Exchange LEI Limited ». The London Stock Exchange is accredited by the Global Legal Entity Identifier Foundation (GLEIF) as an authorised Local Operating Unit (LOU) for the global assignment of Legal Entity Identifiers (LEIs). The London Stock Exchange issues LEIs to legal entities using the requirements set out by GLEIF and the agreed principles established by the LEI Regulatory Oversight Committee (LEI ROC). The Global LEI System is designed to promote competition between LEI issuers and registrars to the benefit of legal entities seeking to obtain an LEI. The determination of the costs of issuing and maintaining an LEI was therefore left to the organizations themselves. This explains why some companies charge twice the price of their competitors. The Legal Entity Identifier (LEI) initiative is designed to create a global master data system that uniquely identifies each legal entity or structure in any jurisdiction that is involved in a financial transaction. London Stock Exchange Group plc (LSEG) is a British stock exchange and financial information company headquartered in London, England. They are proud to be a diversified international market infrastructure company recognized for its expertise in capital formation, intellectual property, and balance sheet and risk management. The establishment of a G20-approved Global LEI System (GLEIS) is crucial to improve the measurement and monitoring of systemic risk.

Global and standardized LEIs will enable regulators and organizations to more effectively measure and manage counterparty risk, while solving long-standing problems with identifying legal entities around the world. To support the global issuance of LEIs, Local Operating Units (LOUs) have been formed, which must be sponsored by local regulators to allocate and maintain LEIs to companies on a cost-recovery basis. Challenges – helps proactively manage entity data If you`d like to talk to someone, fill in your details below and we`ll get back to you. The use of the LEI has been mandated by the European Securities and Markets Authority (ESMA) to report derivatives transactions to trade repositories under the European Market Infrastructure Regulation (EMIR). Under MiFID II and the Market Abuse Regulation (MAR), market participants are required to compile an LEI of securities admitted to trading for each issuer. All investment firms subject to MiFID II must maintain a valid LEI. Firms subject to MiFID II transaction reporting requirements cannot trade on behalf of an LEI-eligible client who does not own an LEI. LSEG is also a GLEIF-accredited LOU that does not work with other registrars.

Self-registration – quick and easy setup If you compare the London Stock Exchange Group with our partner RapidLEI (Ubisecure Oy), you will see that the average Total Data Quality (TDQS) score for both LEI service providers is still 99.99. This means that the quality of the work done by these two LOUs is equally excellent. LEIs are issued through LSEG`s regulatory reporting platform, UnaVista. Users can register to access UnaVista to search the database from anywhere in the world and request LEI mapping. UnaVista also offers a wide range of advanced features, including: For more information, check out our London Stock Exchange Group LEI FAQ, email us at lei@lseg.com or fill out the form below. The London Stock Exchange strives to process all LEI applications submitted as quickly as possible. Initial registration fee (1 year) £90 Initial registration fee (1 year) £45 The costs of issuing and maintaining an LEI are the sole responsibility of the LOU or RA. This explains the multiple price differences you will encounter when looking for partners to register with. Getting an LEI number can cost you between £45 + VAT and £150 + VAT, depending on your partner`s winning formula.

Proceed with the full renewal of LEI data – we will validate the data from the local business register The London Stock Exchange charges a fee on a cost-recovery basis. A full price breakdown can be found on the LEI homepage here. Data Quality Report (2022) [online]. Available from: www.gleif.org/en/lei-data/gleif-data-quality-management [cited 2021 Mar 15]. Just write down what`s currently wrong with LEI data. GLEIF publishes monthly LEI Global Data Quality Reports and LEI Issuer Data Quality Statements. These files are accessible through GLEIF`s Data Quality Management. The cost of registering an LEI with the LEI Register is £45 + VAT and the same goes for annual renewals unless you sign up for multi-year renewals. This is a concept that the LEI Registry introduced in 2018 and has now become a standard among many service providers.

£65 Annual Renewal Fee £45 Annual Renewal Fee Multi-year renewals are designed to help you save time and money. The LEI Registry takes responsibility for renewing your LEI before the annual expiry date, avoiding unpleasant scenarios such as blocking your transactions due to an expired LEI. Register for your Legal Entity ID (2017) [online]. Available from: www.lseg.com/LEI [cited 2021 Mar 15]. With LSEG, registering your LEI for the first time costs £90 + VAT and renewing costs £65 + VAT per LEI. All submissions will be validated against GLEIF/OCR validation standards. If information is missing from your LEI application, your dataset will be deferred to obtain the required details, which will inevitably delay the issuance of the LEI. For more information, see our London Stock Exchange Group LEI FAQ, contact your account manager or email us at lei@lseg.com. You can also download our LEI Welcome Pack, which has all the information you need to get started. The user interface provides an advanced search service to access all LEI reference data in a database. You can view, filter, edit, and retrieve consolidated data using a single tool. This includes a downloadable consolidated file of all global LEIs.

We validate your registration data in cooperation with our partner LOU RapidLEI (Ubisecure Oy). The London Stock Exchange charges fees on a cost-recovery basis. There are initial allocation costs of £90 + VAT and annual maintenance costs of £65 + VAT per LEI. In line with the Global LEI System principle of sustainable finance, both costs include the LEI fee, which is passed on to the Global LEI Foundation (GLEIF). For organizations that require an overall allocation of more than 100 LEIs, there is pricing based on economies of scale. Ask a simple LEI challenge – just tell us in your own words what`s wrong with current data.