Entity categories
The definitions of the enumerations of the Entity Category Field are limited to the following entity category type (meaning type of legal entity):
- General: This category covers Limited Companies, LLCs, international branches or international organizations.
- Branch: This category should be chosen when an entity is operating as a branch of another legal entity such as a HQ entity. Both the HQ entity and branch entity should obtain and report their relationship via an LEI.
- Fund: A Fund is an entity that acts as an investment vehicle into other entities. The fund shall report its fund structure and sub category of fund (e.g umbrella fund) according to the new revised 2022 policies.
- Sole Proprietor: A sole proprietor is someone who owns an unincorporated business by himself or herself. There is no distinction between the individuals assets and personal liability. Also known as a sole trader.
- Government Entity: This category of entity belongs to the State or Nations Governmental units. Often a State owned but independent legal entity such as a social security fund. This can be broken down into four sub-categories: i) Central Government ii) State Government iii) Local Government iv) Social Security.
ENTITY CREATION DATE
The entity creation date has been added this year as an additional feature to each LEI record.
All new LEIs registered from 2022 onwards will contain the date on which it was incorporated. Any LEI requiring annual renewal from 2022 onwards will report its entity creation date upon renewal of the LEI.
FUND REPORTING OBLIGATIONS
Fro 2022 onwards funds applying for an LEI will be required to provide the LEIs of not only their fund structure (umbrella funds, sub-funds, mader feeders etc.) but also the Management Company (ManCo) of that fund.
More information on the GLEIFs new policies surrounding fund relationship reporting can be found in the ROC Policy on Fund Relationships and Guidelines for the Registration of Investment Funds in the Global LEI System.
With 116+ mandates globally requiring the use of the LEI, and over 30 more proposed legislations pending approval, we are sure to see some more alterations into what an LEI may look like in the coming 5 years. This includes the recently deployed vLEI which promises a new era in the area of self-soveriegn identity, right to represent and KYC.
Find out more about the vLEI and its first ever use case here.
Learn more
Frequently Asked Questions
What is the cost of an LEI?
There are different pricing packages. An LEI for one year costs €89, and more than one year includes discounts. Contact support for more information or see here.
What is RAMP 2.0
RAMP is an LEI management system, that allows firms centralise LEI management, register, renew and maintain all of their LEIs in a single place.
Can I cancel my LEI subscription at anytime?
Sure. Your paid subscription can be cancelled anytime by contacting support.
Can I change my plan later on?
Absolutely! You can upgrade or downgrade your plan to multi-year, or add an LEI Certificate anytime.
How to get an LEI number?
An LEI can be obtained from LEI Worldwide by completing the global LEI application form. This is powered by RAMP 2.0 which can issue LEI codes to all entity types globally.
Will you renew my LEI automatically?
Yes, your LEI Number will be automatically renewed according to your pay period. Please be sure to select the auto-renew LEI feature at checkout.
Do you offer any discounts?
Yes! We offer discounts on bulk LEI orders and multi-year LEIs. You can register an LEI for up to 5 years.
Can I request a refund?
Sure, you will be welcome to request your refund. However LEI applications begin immediately after purchase. Once the LEI has been issued a refund becomes unavailable.
What is an LEI Number?
A Legal Entity Identifier (LEI) is a uniquely verifiable 20 digit code assigned to companies on an individual basis. The LEI is an ISO Standard (17442) and mandated for transparency in financial markets by over 116+ pieces of LEI regulation.
How to download LEI Certificate?
The PDF LEI Certificate is downloaded separately to the LEI Code. Only an already existing LEI may obtain an LEI Certificate. You can download your PDF LEI Certificate here.
What is the purpose of a Legal Entity Identifier (LEI)?
The global LEI system (GLEIS) is the first global database providing unique identification information of legal entities participating in financial transactions all across the globe. Each LEI number provides reference data on a company, providing greater transparency to financial markets.
What is vLEI?
The Verifiable LEI or vLEI is a form of verifiable credential based on W3C and KERI protocols. vLEI allows for an individual to be verified with rights to represent an organisation identified via the LEI.
How long does it take to get an LEI Number?
The LEI registration process takes minutes. Once complete, the LEI data will enter the verification process. This varies by jurisdiction. It can take between 5 minutes and a few hours.
How to find an LEI?
You can access the global LEI index through the LEI Search Tool 2.0. This LEI LookUp tool is connected to the GLEIF LEI Search via API and provides real time company data. Click here to check any LEI.
Do I need a Legal Entity Identifier?
There are over 116 regulations globally mandating the use of the LEI code. In EU it is regulated by ESMA, the SEC in the US and FCA in the UK. The LEI is required by firms engaging in most regulated financial transactions.
How to renew any LEI?
An LEI code required annual renewal in order to maintain high quality and current data within the system. You can renew your LEI here, or if you LEI is with another provider you can transfer your LEI here.
More questions?
Contact our 24/7 LEI Customer Support team. We also have a live chat function during business hours.
Can you unregister an LEI?
No, you cannot de-register an LEI. LEI Codes, once issued are immutable in that they cannot be removed. Their status can however be changed to reflect the entity status e.g RETIRED
