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"The Legal Entity Identifier has become recognized as the primary global identifier for all organisations and institutions. Connecting organisations, creating global transparency in the financial markets and transforming the way we do business on a global scale.
It is the mission of LEI Worldwide to facilitate this adoption to the Legal Entity Identifier by enabling access and simplifying the process." |
OUR STORY
Chosen by security traders, asset managers, hedgefund managers, bankers, and financial intermediaries Worldwide.
Bulk Applications make the process simple for you!
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LEI Worldwide was formed in 2017 to help organisations meet their regulatory requirements, with emphasis on the updated Markets in Financial Instruments Directive (MiFID II) & regulation (MiFIR) and to assist entities in the process of obtaining an LEI number.
If your firm is subject to MiFID II transaction reporting obligations you are required to obtain Legal Entity Identifier number since January 3rd 2018 or you will be declared ineligible to execute financial trades. In order to meet the rising demand for Legal Entities requiring LEIs, LEI Worldwide have created a designated registration portal which streamlines and automates the process, reducing the burden on LEI issuers and the applying Legal Entity. |
We cater for companies from anywhere in the world and those who are seeking an Legal Entity Identifier from another country. By co-operating with multiple LEI issuing organisations, we endeavour to bring you the fastest and most comprehensive solutions to your LEI requirements.
We aim to fulfill our mission of providing a first class service which will facilitate the global conformity to the ISO 17442 standard. (i) Frequently Asked Questions (ii) Our Services (iii) Who we work with |
LEI Worldwide - Global Team
"LEI Worldwide is one of the first Official LEI Registration Agents - providing a secure, trusted and fast way for companies to obtain their Legal Entity Identifiers since 2017.
Our mission is to make LEIs more accessible and simple to obtain for all types of legal entities, no matter what country in the world they are located. The LEI is a truly global system, and we are here to facilitate our clients by providing access to the fastest, most secure and reliable way to manage your LEI codes." - Darragh Hayes
Our mission is to make LEIs more accessible and simple to obtain for all types of legal entities, no matter what country in the world they are located. The LEI is a truly global system, and we are here to facilitate our clients by providing access to the fastest, most secure and reliable way to manage your LEI codes." - Darragh Hayes
Darragh Hayes | Chief Executive Officer
Stevland Present | Chief Operations Officer |
Eoin Motherway | ChairmanE: eoin@lei-worldwide.com | LinkedIn
Shubhangi Kukretis | DevOps Engineer |
Robert O' Reilly | Director of Legal & Chair
Kevin Shortall | Partnerships ManagerE: [email protected]| LinkedIn
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VIDEOS EXPLAINING THE LEGAL ENTITY IDENTIFIER
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OUR PARTNERS
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FinTech Ireland Map 2020
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FinTech Ireland Map 2021
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HOW TO APPLY FOR AN LEI CODE
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HOW TO RENEW THE LEGAL ENTITY IDENTIFIER
The process of renewing any LEI Code is very straightforward.
Please note, sometimes renewals may take up to 4 or 5 days depending on various factors such as authorisation and verification of the company.
Your LEI may be transferred to another accredited GLEIF LEI issuer or service provider depending on the jurisdiction of the LEI.
- Click the Renew LEI button on the homepage
- Enter your company name and LEI into the appropriate box
- Select one of three renewal options
- Await confirmation of your renewal and receive your new extended renewal date
Please note, sometimes renewals may take up to 4 or 5 days depending on various factors such as authorisation and verification of the company.
Your LEI may be transferred to another accredited GLEIF LEI issuer or service provider depending on the jurisdiction of the LEI.
ABOUT THE LEI NUMBER
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The LEI system is based on the ISO 17442 standard, and was created in response to the Global Financial Crisis, whereby the leaders of the World's top 20 largest economies, the G20, endorsed the LEI system.
The LEI is a 20 digit numerical code assigned to each Legal Entity in order to bring about some transparency by linking parties to financial transactions and increasing visibility in the global financial data systems. |
LEI Worldwide reduce the regulatory burned on both the LEI issuers and the Legal Entities applying for their LEI number. Our understanding of MiFID 2 (Markets in Financial Instruments Directive) and MiFIR (Markets in Financial Investments Regulations) is that it will bring about integrity and transparency on a worldwide scale.
It is our mission to facilitate this evolution by making the process seamless and being the one point of contact between firms and LEI issuers all around the world. |
LEI NUMBER STRUCTURE
All LEI numbers issued follow the above structure. However each LEI number is unique and stores relevant information for each entity on the LEI database.
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Characters 1-4
This is the LOU identifier. This identifies the country / firm which has issued you LEI. Characters 5-6 These are the LEI reserved digits. They remain 0,0. |
Characters 7-18
This section of the LEI number is unique and different for every Legal Entity. This Alphanumeric section of the LEI number can identify each and every registered trader on the Global database. Characters 19-20 The final two digits serve to check whether or not the legal entity number is compliant as outlined the ISO 17442 standard. |
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Find out more about the LEI code format and structure here.
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Background Information
What is MiFID II?
Markets in Financial Instruments Directive 2
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MiFID is EU regulation that provides legislation governing legal entities who provide financial services, in particular those who work within the boundaries of financial instruments. MiFID originally came into effect in 2007.
According to the FCA (Financial Conduct Authority), “MiFID is the framework of European legislation for:
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Currently new changes have been implemented, and will become legally binding to the effected entities come January 3rd 2018. This revised version of MiFID is known as MiFID 2 and is accompanied by the new MiFIR (Markets In Financial Instruments Regulation).
These revised versions came about as a result of the Global financial market crash and its main objective is to increase competition and transparency on an international scale. |
What is MiFIR?
Markets in Financial Instruments Regulation
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Where MiFID acts as more of a guideline with differentiations based on jurisdiction etc, MIFIR is a strict regulation and will need to be implemented as it is written.
For example all reports/application waivers will need to be congruent and formatted correctly, this increases consistency on an international scale and helps level the playing field. |
An example is the introduction of new MTF’s & OTF’s which will act as regulated trading platforms for legal entities acting in accordance with MiFIR. The introduction of new regulations helps avoid potential risks and formation of disorderly markets.
The scope has been widened and now more organisations will find themselves under the governing umbrella than ever before. |
What is an LOU?
Local Operating Unit
Local Operating Units, also known as LOU's or LEI issuers have been accredited to issue LEI numbers (compliant to LEI standards) to legal entities seeking the LEI Code. Originally, the LEI Regulatory Oversight Committee (LEI ROC) was the organisation that supplied accreditation to LEI issuers - these are known as pre-LOU's. If you would like to find out more about LOU's and how to get an LEI number, please contact us.
