Documents required for LEI RegistrationWhat do I need to provide in order to obtain an LEI?In order to obtain an LEI you may be requested to provide certain documents. Find out which documents are needed and the reasons why below.
If you are transacting in the global financial system, you will more than likely be required to obtain a Legal Entity Identifier (LEI). Applying for an LEI number is simple, and can be completed in a matter of minutes regardless of the entity type. Having an LEI is recommended especially if you are trading internationally. See Also: LEI Registration Checklist
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Legal Entity Identifier - Application Requirements
A Legal Entity Identifier (LEI) is a 20 digit code that is unique to a legal entity and provides basic information about the entity such as name, address and entity type e.g Limited Company. We explore this further in our recent post What is the Legal Entity Identifier?
Why do I need to provide documentation to receive an LEI?
An LEI code is a unique identifier that offers accurate data about a company by searching for them on the LEI index. A companies LEI record will contain public data such as their name, address, where they are registered, and whether they are a branch, or owned by another 'parent' company.
In order to validate and confirm this information, it must be cross checked with the local companies registry listing. For example a company in the UK will usually be registered with the Companies House, and in the USA with the Secretary of State. This listing will be used to confirm LE-RD (Legal Entity Reference Data).
In order to validate and confirm this information, it must be cross checked with the local companies registry listing. For example a company in the UK will usually be registered with the Companies House, and in the USA with the Secretary of State. This listing will be used to confirm LE-RD (Legal Entity Reference Data).
In order to ensure any Open Data System contains high quality, reliable data it needs to be obtained from a trusted source. With regards to the LEI, the data in question is LE-RD which is commonly referred to as Level 1 data.
Level 1 Data provides simple, business card information about a legal entity. It is of paramount importance that as we migrate from a national business 'ID' to a global one, that the transition is seamless and this new global identifier is accurate and reliable for the end user. GLEIF have outlined over 650+ company registries from which a legal entity can have its data confirmed. You can downlaod a list of these registration authorities here. |
If you are a UK company registered with the Companies House, they provide a public searchable database of UK entities, along with basic documentation and a list of current and past Directors. This means the company information can be confirmed very quickly, and we often are able to register LEIs for UK entities in a matter of minuted.
There are some national companies registries who have strict rules around providing company data, or registries that are hard to make contact with. In these cases we may request that the LEI applicant provide some registry documentation in order to allow us and our parter LOU RapidLEI confirm the data provided while filling out the online LEI registration form. |
Which documents do I need to provide to get an LEI?
Once the entity information has been provided, it has to be checked to ensure it is fully correct. There are a number of documents which can be accepted as official registry data and used to corroborate the LEI data. This means that the document should primarily confirm the legally registered entity name, current address, name of primary stakeholders (e.g Director, CEO).
Documents should show:
Any one of the following will be accepted as part of the LEI application:
Documents should show:
- Company legal name
- Legal Address
- Date of Incorporation
- Authorised Signatory
- Be from an official source e.g companies registry
Any one of the following will be accepted as part of the LEI application:
1. Certificate of Incumbency
2. Articles of Association / Memorandum of Association
3. Certificate of Incorporation
4. Registry Extract or official filing
5. Power of Attorney (PoA) or legal letter
6. Any other legally recognised or binding document which confirms the required LEI data such as audited accounts, an annual report, Register of Directors etc.
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Level II Data
If you are reporting parental information, you will be required to confirm the existence of this relationship by providing consolidated accounts. A company annual report or consolidated will only be accepted as evidence of the relationship.
Letter of Authorisation (LoA)
If you are applying for an LEI on behalf of another legal entity, client or employer you may be required to provide a Letter of Authorisation signed by the company authorised signatory, which is usually the Director.
In order to transfer and renew an LEI which is currently being managed at another LEI service provider, you will also be required to provide an LoA.
Our support team will provide your unique LoA template based on a case by case basis.
In order to transfer and renew an LEI which is currently being managed at another LEI service provider, you will also be required to provide an LoA.
Our support team will provide your unique LoA template based on a case by case basis.
To apply for your own LEI or on behalf of a legal entity, please select the option from the buttons below.