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Virtual LEI - We make it faster and easier to obtain your LEI

Apply for your registration or renewal through Virtual LEI and the Rapid LEI platform, we will quickly, easily and accurately help you move through the application or renewal process.

Apply or Renew your LEI

Step 1: Register for an account

Step 2: Complete application

Step 3: LEI issued quickly and easily

What is a Legal Entity Identifier (LEI)

A Legal Entity Identification Number (LEI) is a unique global identification number based on ISO Standard 17442:2012.  It is used by Financial institutions and regulators to identify businesses operating in the UK and European financial markets. It is designed to increase transparency and add efficiency to the company verification process and help boost investor confidence.  The LEI system has been created and supported by the GLEIF Foundation and is globally recognised as the strongest and most effective form of business identity when trading internationally and locally.

When issued the LEI number is active for 1 year only from the date of issue and must be renewed on an annual basis.

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Why do companies need an LEI?

 

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As of January 3rd 2018, in accordance with the Markets in Financial Instruments Directive (Mifid II directive 2014/65/EL) any National or International company that is a registered legal entity rather than an individual can apply for an LEI.   It is mandatory for those trading on the Financial Markets within the UK or EU to register and obtain an LEI which must be renewed on an annual basis.

 

Who can apply for an LEI?

 

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Registered companies and registered subsidiarys, not for profit businesses, international branch offices (the head office must already have an LEI), sole proprietors who already have a distinct identity filed within  a business register.

Renewing LEI?

 

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When issued the LEI number is active for 1 year only from the date of issue and must be renewed on an annual basis.

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Who can issue an LEI?

 

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An LEI can only be issued by a Local Operating Unit (LOU) which operates in accordance with strict GLEIF standards and protocols. It takes just 2 minutes to complete the application and LEI number is usually issued within 1-2 working days of payment.

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