As long as an LEI manager has the necessary authorisation, multiple LEIs can be requested in the same order.
What documents and credentials do I have to submit with the LEI application?
All documents and credentials can be uploaded during the application process as attachments.
If the LEI manager making the application has signing authority themselves, proof of identity must be attached to the application (scan/photo of an ID card or passport). If the signature is a joint one, please attach a copy of the other person’s proof of identity.
If the business is part of a multicorporate enterprise and associated with a direct or ultimate parent company, Swiss LEI also needs at least one document confirming the existence of this association. This could be a consolidated annual report, for example. It is important that all associated businesses are mentioned by name in such a document.
What information is published about the company?
The following data is published in connection with each LEI:
Any legal entity wishing to receive an LEI or renew its present one, must also indicate its business relationships in the section “relationship Information”. If the business has a direct (and ultimate) parent company, this information is be published too.
Level 2 Data: Reporting Exceptions Format and in the publication of the ROC Oversight Committee (Ch. 3.3.1).
How long will it take before I receive my LEI?
Once record validation is completed, the record will have an LEI assigned and published by the GLEIF. Standard LEI fulfilment averages 48-72 hours, among the fastest in the GLEIS.
Swiss LEI provides a premium LEI service for those needing an expedited LEI turnaround. This service offers an "in by 10am GMT and out by 5pm GMT" LEI registration option. Simply select "Same Day" on the checkout page; see the Payment section for additional terms and conditions of this offer. Fulfilment timeframes are subject to volume.
What information is checked prior to the issue of an LEI?
The LOU validation team performs a two-stage validation check for all requests. Checks will be made for duplication, data accuracy and data formatting. The record may be accepted, corrected or set to duplicate status.
To ensure a high degree of data quality and that core principles are renewed, all LEI registration requests are independently validated against public sources prior to assignment of an LEI. These sources will vary depending on entity type and jurisdiction but can include national company registries, filings held by regulators and central banks, stock exchange listings and the fund prospectus.
A record will be flagged as a duplicate if it is identified as pertaining to a legal entity that already has an LEI assigned. If a record is found to be a duplicate during the validation of a registration request, the request will be rejected and the submitter will be notified via email regarding the correct globally accepted LEI to use. No refunds will be issued. This may be necessary even if core data is not identical across the two records. Examples include:
Where the same entity has been listed twice at multiple addresses, e.g. an operating division has been Legal as well as the entity itself.
Where the same entity has been listed twice under both former and current names.
Where the same entity has been listed twice under both local language and ASCII Transliterated Legal names.
The validation team also monitors ongoing corporate actions and processing to identify data changes that are needed but have not been raised as a challenge.
My business is domiciled in a country but is also active offshore. Do I need another LEI?
No. Each legal entity receives only a single LEI that can be used worldwide.
Further LEIs are only necessary if a legally independent subsidiary is domiciled abroad and needs an LEI in connection with its financial market transactions and their reporting, for example.
When does my LEI expire and how can I renew it?
In principle, there is no time limit to an LEI. After the initial application, it is valid for 12 months and must then be renewed each year for a fee.
A yearly confirmation is necessary to ascertain that the data is up to date in order to renew the LEI's validity for another year. The confirmation is executed via the “Renew” process.
An automatic reminder is sent to the email address provided by the registered user us 30 days prior to expiry and again 7 days prior to expiry.
My data is (no longer) correct. What should I do?
As a third party providing updates to a record, the record may be challenged at any time to provide updated information.
As the primary party of a record, renewing the record must be executed via the renewal process prior to the submission of any challenge requests. After a record has been renewed, it can then be challenged until the renewal period expires.
All fields are editable during the renewal process.
Indicate a duplicate record by utilizing the duplicate challenge process.
Additional assistance can be provided by emailing firstname.lastname@example.org.
Where can I find the LEI data of my business partners and other market participants?
To search the global LEI data, use the search engine available at the GLEIF at www.gleif.org.
What do the acronyms FSB, ROC, GLEIF, GLEIS, LOU mean?
Financial Stability Board (FSB)
The Financial Stability Board (FSB) was established in 2009 and is an international body with its seat in Basel that oversees the global financial system, making recommendations and coordinating international work in the financial markets sector.
The Legal Entity Identifier Regulatory Oversight Committee - LEI ROC
The Legal Entity Identifier Regulatory Oversight Committee (ROC) is an internationally recognised committee of more than 60 authorities from around the world. The ROC brings together central banks, ministries of finance and supervisory authorities, coordinating and supervising the global LEI system (GLEIS).
The Global Legal Entity Identifier Foundation (GLEIF)
The Global Legal Entity Identifier Foundation (GLEIF) is a non-profit foundation established in accordance with Swiss law (CHE-200.595.965). It is tasked with supporting the implementation and use of the LEI as well as creating the framework for LOU governance. The responsibilities of the GLEIF include coordination and supervision of the LOUs’ activities, reception from the LOUs of all applications for an LEI allocation, the issue of the LEI to the entities that have applied for one and the distribution of the information defined in ISO standard 17442:2012 to the entities to which it has allocated an LEI. The GLEIF also acts as an interface between the ROC and LOUs.
The Global LEI System (GLEIS)
The Global Legal Entity Identifier System (GLEIS) is a global system for the standardised identification of financial market participants that was commissioned by the Financial Stability Board (www.fsb.org) on behalf of the G20.
The Local Operating Unit (LOU)
The Local Operating Unit (LOU) is a local unit that is responsible for issuing LEIs and for their registration, renewal and other services. The LOU acts as the primary interface for entities that apply for an LEI. Authorisation takes place via the Global Legal Entity Identifier Foundation (GLEIF), which examines the suitability of organisations wishing to become an LEI issuer and to function as a depository for the reference data of legal entities within the framework of the Global LEI System.
Where can I found more information about LEIs?
Further information pertaining to the Global LEI System (GLEIS) can be found on the GLEIF’s web page.