Legal Entity Identifier
A Legal Entity Identity (LEI) number is a unique 20-character alphanumeric string (i.e. 529900T8BM49AURSDO55) used to distinctly represent a legal entity (company, organisation, firm, government body, trust, fund, others) on a worldwide basis. Once issued, the LEI number can be used to represent the entity in financial transactions or organisation identity assurance use cases. LEIs are required by all parties participating in regulated transactions and provide a publicly available verifiable source of ‘who is who’ (organisation identity) and ‘who owns whom’ (organisation group structures).
The LEI is based on the ISO 17442 standard and assigned only to a single legal entity on a global basis. The system is maintained and operated by the Global LEI Foundation (GLEIF), and the ability to issue LEIs is only awarded to a limited number of organisations passing a stringent accreditation process who then become LEI issuers.
A registered legal entity with valid registration can apply for an LEI. This can be for profit, or non profits organisations, sole proprietors (who have a distinct identity within a business register), branches of foreign entities (provided the head office already has a LEI; only one LEI per country can be issued), funds, trusts and others.
The legal entity’s status does not need to be, but is preferred to be, in good standing, but must not be struck off, de-registered, merged, withdrawn, or any other inactive status.
An LEI may not be requested by any of the following:
- Operating divisions
- Branch offices within the same country as a head office already having an LEI. These entity types should all utilize the LEI of their parent or Head Office organization.
What do I need to do in order to apply for LEI number?
- Email firstname.lastname@example.org requesting a LEI number.
- Provide a copy of your legal entity’s certificate of incorporation or similar document (eg commercial licence).
- Pay the required fees using the ADGM Online Registry Solution ‘Corporate Services” menu item.
- Allow us to verify the data, check and confirm if we need further information.
- Sign a letter of authorisation and send it to us by email to email@example.com. The letter must be signed by the person authorised to do so (either one of the directors or an authorised signatory).
- If you want to report the parent entity, please provide copy of consolidated audited accounts. PDF format is the preferred format.
- Submit, and we will do the rest and issue your LEI.
If a firm is subject to obligations under the Markets in Financial Instruments Directive (2014/65/EU) (‘MiFID II’) and the Markets in Financial Instruments Regulation (EU/600/2014) (‘MiFIR’), the European Securities and Markets Authority (‘ESMA’) now mandates the use of LEI. The use of the LEI generates tangible benefits for businesses including simplified regulatory reporting, database management free of charge, improved risk management and increased operational efficiencies.
All prices for single LEI, new, transfers and renewals are shown in US dollars:
|1||USD 100||USD 100||USD 100|
|2||USD 180||USD 180||USD 180|
|3||USD 240||USD 240||USD 240|
|4||USD 280||USD 280||USD 280|
|5||USD 300||USD 300||USD 300|
ADGM Registration Authority is a Registered Agent of RapidLEI
RapidLEI is Ubisecure’s LEI issuance and management service. Ubisecure is a GLEIF accredited LOU (Legal Operating Unit). Ubisecure created automation technology in the LEI application process workflows to make registering, issuing and publishing LEIs extremely easy and very rapid. RapidLEI’s algorithms do the heavy lifting for the LEI registration – the systems connect directly to the business registries to provide automated workflows and improve data accuracy. RapidLEI modernizes the LEI process to lower the costs associated with issuing and managing LEIs.
RapidLEI is positively disrupting the LEI ecosystem thanks to their investments in automation, extended partner ecosystem, new use cases, enterprise & banking LEI solution, and their modern LEI API. Quarter after quarter the GLEIF cites RapidLEI/Ubisecure as the fastest growing LEI issuer.
ADGM Registration Authority is a RapidLEI’s registration agent from whom you can buy LEI numbers. RapidLEI has a partner-first approach, only working with registration agent partners who add local expertise such as language support, regulatory understanding, currency support and more.
Ubisecure, identified by the LEI 529900T8BM49AURSDO55 is a technology innovator, identity assurance specialist and accredited LEI Issuer (LOU) with offices in London, Boston and throughout Europe. The Ubisecure management team also have decades of experience in the Certification Authority Industry yielding a best of breed accurate and above all rapid LEI issuance experience.
The Global LEI Foundation (GLEIF) is a not for profit body tasked with managing the Global LEI System (GLEIS). They are tasked with running the system on a global basis ensuring consistency and accuracy through data quality programs, reporting and their open data policy which allows mistakes to be spotted and updated through their challenge process.
There are three tiers in the LEI ecosystem:
Reproduced from https://www.gleif.org/en/about-lei/gleif-management-of-the-global-lei-system.
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