How to register an LEI Code in SingaporeHow to apply for a Legal Entity Identifier in SingaporeSingapore has one of the most competitive financial sectors in the Asia-Pacific regions, and is home to over 12,000 financial institutions.
If you are engaged in financial transactions, especially within the EU or Australia, you will likely require a Legal Entity Identifier (LEI). Whether your entity is based in Singapore or is registered there from an offshore destination in the EU, US or Asia, you can obtain an LEI quite easily regardless of the location. Applying for an LEI number is fast and secure, and can be completed in a matter of minutes for both Limited Companied as we are connected to ACRA Singapore. |
Legal Entity Identifier (LEI) Singapore
Since the 1960s Singapore has established itself as the leading Asian-Pacific financial sector with regards to foreign trade and commodity trading. With strong links to London, Singapore is Britains largest trading partner in South East Asia
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Singapore, a strong member of the World Trade Organisation (WTO), has a strong import economy and its largest imports are manufactured goods, electronics, machinery and chemicals. Singapore also has strong export relations with the US, China and its neighbours Indonesia and Malaysia.
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Singapores strongest industry is the financial sector with a strong presence in banking, particularly investment banking, wealth management and capital markets activity.
This has contributed to the large number of LEIs registered in Singapore (6, 300 LEIs in total). But the vast majority of LEIs in the region are driven by regulation. Similar to Australia and Hong Kong, the sale of securities and OTC Derivatives requires the mandatory reporting of an LEI Code in Singapore. |
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In 2014 the Securities and Futures Act introduced the LEI as a requirement in Singapore under section "Monetary Authority of Singapore (MAS) OTC Derivatives Trade Reporting - Securities and Futures Act (Chapter 289)". Any entities engaging in similar transactions internationally or with the EU will fall under the SFTR and CSDR regulatory requirement for reporting an LEI also.
The Monetary Authority of Singapore (MAS) have strongly advocated for the use of the LEI in reporting standards and have adopted international reporting standards.
The Monetary Authority of Singapore (MAS) have strongly advocated for the use of the LEI in reporting standards and have adopted international reporting standards.
A Legal Entity Identifier is a unique code assigned to a legal entity on an individual basis which allows it to be easily identifiable on a global scale. The LEI is a regulatory requirement for entities engaging in international monetary transactions."
Who needs an LEI in Singapore?
LEI numbers are requested by regulators for legal entities that belong into the following categories. Entities who:
- Sale, purchase or repossession of securities
- Issues / trades equity or debt
- Listed on an exchange
- Engaged in OTC Derivatives markets
- Engaged in international trade with EU, US or AU
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If you currently own or are responsible for a Singapore company, fund or registered with ACRA, you may apply for an LEI. If engaging in international trade you should apply for an LEI before you are requested to produce one. The LEI is being adopted as an international standard and there are over 1.7 Million LEIs in existence.
If you are in the financial sector you will already be aware of your reporting obligations and LEI requirements. If you would like to switch LEI provider we offer volume discounts and wholesale prices. Please contact us today. |
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Speak to our team of experienced professionals to find out more information about the LEI requirements in Singapore [email protected]
How to get a Legal Entity Identifier in Singapore
Obtaining a Legal Entity Identifier code in Sinagpore is fast and secure. The LEI registration form takes a few minutes and can be completed by a company representative with access to basic company information.
Step 1. Click on the 'Register New LEI' button here or visit the homepage of this website.
Fill out your contact details. This information will be used to contact you in case any additional information is required.
Fill out your contact details. This information will be used to contact you in case any additional information is required.
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Step 2. Fill out the details of the entity which requires an LEI.
Information such as the address, name of Director or person legally responsible for the entity such as CEO, or Owner.
Information such as the address, name of Director or person legally responsible for the entity such as CEO, or Owner.
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Step 3. 'Level 2 Data' gives you the opportunity to report parent company information.
State whether your company is owned by another, or report an organisational structure.
However, this is not an obligation. If you wish to report a legal parent company, please note that you will be requested to provide evidence of this relationship by way of Consolidated Accounts (i.e an annual report).
You may only report parent information if the parent company consolidates the accounts and the subsidiary is listed there.
State whether your company is owned by another, or report an organisational structure.
However, this is not an obligation. If you wish to report a legal parent company, please note that you will be requested to provide evidence of this relationship by way of Consolidated Accounts (i.e an annual report).
You may only report parent information if the parent company consolidates the accounts and the subsidiary is listed there.
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Step 4. Upload documentation relevant to your application.
When an LEI application is submitted, the data is cross matched with what is on the relevant local companies registry.
If however the company cannot be found, or the data does not match the registry, we may request that you provide supporting documentation. Some good examples include a Certificate of Incumbency, Register of Directors, or a registry extract.
A registered company in Singapore for example may with to provide their trade certificate as it confirms important company information.
When an LEI application is submitted, the data is cross matched with what is on the relevant local companies registry.
If however the company cannot be found, or the data does not match the registry, we may request that you provide supporting documentation. Some good examples include a Certificate of Incumbency, Register of Directors, or a registry extract.
A registered company in Singapore for example may with to provide their trade certificate as it confirms important company information.
Once the application is submitted, simply choose your preferred payment method and complete the application. LEI Worldwide use our payments provider STRIPE and PayPal. We also offer the ability to complete a bank transfer or swift payment in any currency including Euro and US Dollars.
A member of the LEI Worldwide team will review the submission upon completion and you will receive your LEI code within a few hours.
If you have any questions please contact [email protected]
A member of the LEI Worldwide team will review the submission upon completion and you will receive your LEI code within a few hours.
If you have any questions please contact [email protected]
To apply for your own LEI or on behalf of a legal entity, please select the option from the buttons below.
