As the global push for greater transparency in financial markets continues to march around the world, top tier regulators are now requiring all entities engaged in trading financial markets to report their LEI (Legal Entity Identifier) number to regulatory repositories.
In the European Union, LEI numbers are being reported starting as of January 3rd, 2018 as per MIFID 2. In Australia, in accordance with ASIC Corporations (Derivative Transaction Reporting Exemption) Instrument 2015/844, relief from the requirement to report the entity identifies ends on September 30, 2018, which means that starting from September 30,2018 entities regulated in Australia will need to be reporting LEI numbers for their corporate clients.
If you dont have an LEI issuer in your country, you can get obtain one from any authorized LEI-code issuer offering cross-border services.A full list of issuers can be found here.
Some of these registries serve a given country while others offer services to entities worldwide. They may be differences as well in the languages available, facilities to register many entities in bulk, and price, among others. You can check the websites of these registries to find the one that best suits your needs. LEI codes are international registration codes and not country specific.
To get an LEI number, you will go through the following simple process:
- Self-registration: Only an entity eligible to receive an LEI or its authorized representative may obtain a LEI code. The permission of the LEI registrant to perform an LEI registration on its behalf by a third party is considered to satisfy the requirements of self-registration only if the registrant has provided explicit permission for such a registration to be performed.
- The LOU will collect a minimum set of reference data on the entity (e.g. name of the entity and address).
- This reference data has to be confirmed or certified by the entity seeking an LEI. Entities are requested to periodically verify the continued accuracy of their reference data (eg, at least through yearly certification)
- The LOU is required to check each entry against reliable sources (public official sources such as a business registry, private legal documents) prior to publishing the LEI and associated reference data. This explains a delay between the request for an LEI and the publication of the LEI.
LOUs generally charge a fee for issuing the LEI as well as for validating the reference data upon issuance and after each yearly certification.
We have looked at all the LOUs available and analyzed and summarized for you the three LOUs (Local Operating Units) that support the widest range of international jurisdictions:
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LSE (London Stock Exchange) |
GMEI Utility |
Bloomberg LP |
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Registration Link |
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User Guide |
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Cost |
Initial allocation cost of £115+vat and annual maintenance cost of £70+vat per LEI |
The basic charge for a registration request is $100.00 or €90.00. In accordance with the 2014 funding plan for the Global Legal Entity Identifier Foundation (GLEIF), each registration is also subject to a $17.00 or €15.30 per record GLEIF Surcharge Renewals: |
$75 New LEI registration |
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Required Supporting Document |
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List of Jurisdictions SupportedList |
Afghanistan Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Barbados Belarus Belgium Belize Benin Bermuda Bolivia, Plurinational State of Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Côte d’Ivoire Cambodia Canada Cape Verde Cayman Islands Central African Republic Chile China Colombia Comoros Congo Congo, The Democratic Republic of the Cook Islands Costa Rica Croatia Curaçao Cyprus Czech Republic Denmark Djibouti Dominican Republic Ecuador Estonia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Polynesia Gabon Germany Ghana Gibraltar Greece Greenland Guadeloupe Guernsey Guinea Haiti Honduras Hong Kong Hungary Iceland India Indonesia Ireland Isle of Man Israel Italy Jamaica Japan Jersey Kazakhstan Kenya Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Liberia Liechtenstein Lithuania Luxembourg Macedonia, Republic of Madagascar Malaysia Maldives Mali Malta Marshall Islands Mauritius Mexico Micronesia, Federated States of Moldova, Republic of Monaco Montenegro Montserrat Morocco Mozambique Nepal Netherlands New Caledonia New Zealand Niger Nigeria Niue Norway Oman Pakistan Panama Paraguay Peru Philippines Portugal Puerto Rico Qatar Réunion Romania Russian Federation Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Vincent and the Grenadines Samoa San Marino Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands South Africa Spain Sri Lanka Sweden Switzerland Taiwan, Province of China Tanzania, United Republic of Thailand Togo Tonga Trinidad and Tobago Tunisia Turkey Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Vanuatu Venezuela, Bolivarian Republic of Virgin Islands, British Virgin Islands, U.S. Zambia Zimbabwe |
Afghanistan Åland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, The Democratic Republic of the Cook Islands Costa Rica Côte d’Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People’s Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Lebanon Lesotho Liberia Liechtenstein Lithuania Luxembourg Macao Macedonia, Republic of Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia, Federated States of Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palau Palestine, State of Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Réunion Romania Russian Federation Rwanda Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Saint-Barthélemy Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam Virgin Islands, British Virgin Islands, U.S. Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe |
Afghanistan Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cayman Islands Central African Republic Chad Chile China Colombia Congo Congo, The Democratic Republic of the Cook Islands Costa Rica Côte d’Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Kazakhstan Kenya Kiribati Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Lesotho Liberia Liechtenstein Lithuania Luxembourg Macao Macedonia, Republic of Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia, Federated States of Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Northern Mariana Islands Norway Oman Pakistan Palau Palestine, State of Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Réunion Romania Russian Federation Rwanda Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Saint-Barthélemy Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands South Africa South Sudan Spain Sri Lanka Sudan Suriname Swaziland Sweden Switzerland Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam Virgin Islands, British Virgin Islands, U.S. Wallis and Futuna Yemen Zambia Zimbabwe
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