GLEIF - Check LEI code validity from the GLEIF database - India LEI
As of 3 January 2018, LEIs are mandatory for all companies who wish to continue trading in securities.

News – GLEIF

LEI registration in other countries

LEI registration process varies between different countries and jurisdictions as not all countries have a local LEI issuer (LOU – Local Operating Unit) and most of the LOUs can issue LEIs only to specific regions. Therefore, the GLEIF has introduced the concept of Registration Agents (RA), where most of the RA-s are directly connected to […]

Global Legal Entity Identifier system

What is a Legal Entity Identifier and why do companies need it? A Legal Entity Identifier code or LEI number is a unique global identification number for a company that is issued by a GLEIF accredited Local Operating Unit. Financial institutions and regulators use LEIs to identify participants in financial markets. According to the MiFID II […]

How do you report a parent-subsidiary relationship?

Since 1 May 2017 entities have been required to disclose direct and ultimate parent company relationships when they apply for a Legal Entity Identifier (an LEI) or when they renew their existing LEI code. Any entity applying for, or renewing, an LEI is required to disclose certain information regarding their parent companies to the Local Operating […]

Regulatory Use of Legal Entity Identifiers. The LEI Regulatory Oversight Committee (LEI ROC)

The potential regulatory benefits associated with a global framework for financial transactions were recognised as early as 20 years prior to the 2008 financial crisis. Prior to the implementation of the Global LEI System, each country was responsible for implementing its own framework to track financial transactions. The ad hoc nature of the previous system […]

When do you need a Legal Entity Identifier?

The Reserve Bank of India has mandated the use of LEIs by all companies trading in Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives in India. Mandatory use of LEIs was phased in between August 1, 2017 and March 31, 2018, as per the RBI Notification dated June 1, […]

Machine-Readable LEIs trust in corporate transactions

The Global LEI Foundation (GLEIF) has given us a glimpse of what’s to come. The organisation’s alphanumeric LEI code was embedded into its 2018 financial report. It’s the first official business report to have verified LEI reference data published with the electronic version of the document.  The report was also published with the embedded signatures […]

The role of LEI adoption in economic growth

Just over a decade on, aftershocks from the 2008 global financial crisis are still being felt. It is becoming easier to imagine that the global economy has returned to normal – the European Union has experienced economic growth for seven consecutive years; the US stock market set a record in August 2018 for the longest-running […]

History of the Legal Entity Identifier System

Prior to 2012, Legal Entity Identifiers (also known as LEI codes or numbers, or simply as LEIs) did not exist. Instead, each country used their own codes and systems to track financial transactions. The result of this is that it was nearly impossible to identify counterpart transactions within the global market. This meant that it […]

Legal Entity Indentifiers: Renewing your LEI number

Every LEI is issued for a period of 1 year and needs to be renewed annually. It is extremely important to distinguish between renewing an LEI code and changing the data associated with an LEI. Changing the data means updating data in the GLEIF database. Be sure to update your company details with your service […]

Transferring an LEI code to India LEI

Companies apply for an LEI through a service provider, like India LEI. They need to do this because companies can’t apply for or update details within the LEI database, which is managed by the Global Legal Entity Identifier Foundation – GLEIF. Instead, a service provider (LOU – Local Operating Unit) is assigned to each LEI […]