How to Renew an LEI

Why do I need to renew my Legal Entity Identifier?

In order to maintain high quality and trustworthy data, the LEI must be renewed annually. If you currently have an LEI code you should check its status regularly. LEI Worldwide monitor our customers LEIs so that they do not expire.

We maintain regular contact with the owners of our LEIs in order to ensure there is no lapse in the LEI which would cause problems for that individual entity, and on a larger scale weaken the LEI ecosystem.

Here's a guide explaining what to do if your LEI has lapsed...

What happens if I do not renew my LEI?

Depending on which legal jurisdiction or industry you belong to, you may be required legally to have an active LEI. If you allow your LEI to lapse, your LEI will show as 'LAPSED' on the GLEIF search database.

A lapsed LEI cannot be used for regulatory reporting, and is considered to be out of date. An LEI marked as 'lapsed' can be changed back to 'Active' once it is renewed. Ensuring your company has an Active LEI at all times is paramount to avoiding fines or delayed business transactions.

If your firm has a large number of LEIs to manage, it might be worthwhile considering to get a Registration Agent who can manage your portfolio of LEIs.
If this is a something you might benefit from please contact our team of experts who can talk to you about options.

The status 'lapsed' does not mean that the entity is invalid, orthe information is incorrect, it simply means the LEI is due for upkeep.

Read more about the risks associated with a Lapsed LEI Code here

How to renew an LEI Code

If you have already got an existing Legal Entity Identifier or multiple LEIs, the process of renewal is simple. Follow the 4 steps outlined below:

1. Simply click the renewal button on the home page or below.
2. Enter the details of the legal entity which needs to be renewed including the LEI Code.
3. Proceed to checkout, choose one of the 3 LEI renewal options.
4. Submit your application which will be reviewed by our registration team.

RENEW MY LEI

This process works for entities which are approaching their renewal date, and LAPSED LEIs. Alternatively, LEI Worldwide will send you a renewal notification via email well in advance of your renewal dates.

If you have not yet received your renewal notification please check the spam folder as it may have been picked up. This LEI renewal notification will contain a link to renew your LEI directly.

If you would prefer to pay via bank transfer please contact the sales team at sales@lei-worldwide.com

Transfer my LEI

An LEI transfer is the act moving an LEI from one service provider to another.

If you have an LEI code with another LEI service provider you can either transfer it to LEI Worldwide for free, or transfer and renew it together.

If you would like to renew an LEI that is currently with another LEI service provider you will be required to transfer it first.
Please just complete the form and select whether you would like to renew it.

Please note that LEI Worldwide may contact you to obtain a written signature to confirm authorisation and proceed with the transfer.

TRANSFER MY LEI

Should I choose an LEI transfer or an LEI renewal

If your LEI is already being managed by LEI Worldwide please choose the LEI renewal option. If your LEI is currently being managed by another LEI service provider such as an LOU and you would like to switch LEI provide to LEI Worldwide because of cheaper prices, multi-year LEI renewals, automated renewals or for professional LEI management please choose the transfer LEI option.