The Risk of a Lapsed Legal Entity Identifier (LEI)
How to avoid a Lapsed LEI Code
The Legal Entity Identifier system currently has around 1.7 million LEI codes in its database. As much as 30% of these are lapsed. Having a Lapsed LEI can have serious consequences if your regulator or financial intermediary requires the LEI to be active.
A lapsed LEI can incur penalties such as blocked or delayed trades, financial penalties or fines.