Register LEI code in 2 minutes
Get your LEI registration done in 2 minutes by filling out this form
We offer super fast and affordable LEI registration for Australian companies and organizations.
It gets better if you already have an LEI code; simply renew or transfer it to us now!
Register or Renew Legal Entity Identifier
Get your LEI registration done within record time in Australia
Apply for your LEI Code
Fill the above form to register or renew your LEI code in 2 minutes
Payment and Validation
We offer you the opportunity to make payments with any method convenient for you: Visa, Mastercard, American Express or Paypal.
You get your email confirmation and your LEI activated within 12 hours.
About LEI Certificate Australia
If you are looking to register and renew your company’s LEI code at an affordable price then,
LEI Certificate is your sure bet.
The purpose of LEI Certificate Australia is to market a service from LEI Register™ who is a service provider and a registered LEI Agent for RapidLEI.
Apart from having a valid permit from GLEIF to provide Registration and Renewal for LEI codes, RapidLEI has experienced growth spurts in the past few years.
It has become one of the fastest-growing LOU in Europe and around.
As a result of this, their integrity level has risen too. Clients can comfortably leave their LEI registration in their hands rest assured that everything will be handled excellently.
Just like LEI Register™, We take a lot of pride in being one of the cheapest and most affordable LEI Registration Service Providers in Australia.
General info about LEI code
The requirement for companies engaged in transactions in the European Transactional Markets involving all kinds of securities, stock and Bonds, was put in place in 2014.
LEI stands for Legal Entity Identifier. The framework that governs this requirement is the European Market Infrastructure Regulation (EMIR). This framework also governs all legal Entities that perform transactions. This includes companies limited by shares or Guarantee, Trusts and charities and other organizations recognized as legal entities under the Law. An LEI number is a unique identification code based on the global International Standard Organization 17442 Standard.
The code is made up of 20 characters. Its Alphanumeric Nature makes it easier for the Authorities to be able to identify all individual legal entities making transactions. The requirement for all legal entities to register for LEI Codes has made the Global Financial market more transparent and stable.
Who is required to get an LEI code?
As of January 3 2018, All entities as recognized under the law, engaged in transactions that have to do with any kind of security are required to register for an LEI Code.
What are securities?
Securities refer to proof of ownership or Debt, that has been assigned value. Or better put, securities are tangible or intangible property that may be obtained as proof of ownership or debt. Securities assign right and these rights accrue to the holder. Examples of securities are stocks, Bonds and Options.
What is the purpose of LEI?
The major significance of an LEI Code is the connection it creates between a legal entity and its specific code, which facilitates identification in Global Financial Markets. Now, this serves one major purpose and it is to help identify transactions, towards a more transparent and orderly financial Market.
How often do you need to renew your LEI code?
LEI codes are fundamental to the buying and selling of Securities in the Global Market. An LEI code is issued for one year and it is only valid for that length of time also. However, through services like LEI Certificate, you can register an LEI code for up to 5 years. The Job of service provider LEI Register™ is to ensure that the legal entity identifier is renewed every single year.
What is the cost of registering an LEI number?
Registering an LEI code can be quite affordable depending on your chosen service provider. LEI Certificate offers you the best prices available in Australia. Signing up for 5 years for your LEI registration is as cheap as 75A$ per year.
How do I find out whether my LEI code is valid or not?
GLEIF helps you discover whether your LEI code is valid or not. Simply search your LEI Code in the GLEIF database.
When does my Legal Entity Identifier become valid?
It is the job of Financial service providers to validate LEI Codes. Thus, your code becomes valid as soon as the database is updated by your banks. This update is done from the GLEIF database.
What is GLEIF?
GLEIF means Global Legal Entity Identifier Foundation and it is the principal executive and operating organization of the LEI code system. The duty of monitoring LEI service providers is also carried out by GLEIF.
Is my LEI number public?
In line with the transparency policy of the LEI system, your LEI code and every other information connected to it is public.
What is the duration required to process LEI registration?
Filling our application form for LEI code will only take two minutes of your time. The next step is to proceed to make payment. This step must be completed before data validation can commence. After payment is processed, you will receive your Legal Entity Identifier within 24 hours.
Who runs LEI Certificate Australia?
7 Out Media AB runs LEI Certificate and at the same time, provides an LEI code service from LEI Register™.
Renew LEI code in 2 minutes
Using our LEI form enables you to renew an already existing LEI Certificate in 2 minutes.
For every duration, you choose, be sure to get very affordable prices on the market.
Our 5 years renewal plan is 75A$ per year. We also help you transfer an existing LEI Code if you desire to do so.
Who needs an LEI code?
Every legal entity involved in financial transactions needs an LEI code. These legal entities include companies, Trusts, charities and any other organization recognized under the Law as a legal or Juristic entity.
Both Europe and the USA have similar requirements mandating legal entities to register for LEI codes. EU directives such as EMIR, MiFIR and MiFID II have provisions to this effect.
When is LEI not required?
There are scenarios in which the LEI code is not required. For instance, when companies have a Capital Insurance Deposit, there is no strict requirement for an LEI number as it is not the company that stands as a formal owner. Rather it is the Insurance company that takes up the roles and responsibilities that accrue to ownership. However, if the company wishes to carry out other kinds of securities transaction despite the existence of the capital insurance deposit, an LEI code will be required.
An LEI is also not required when unlisted shares or unlisted fund shares are being traded. Similarly, it is also not required when trading listed bonds or corporate certificates. It should always be remembered that the requirements of LEI codes only apply to corporate legal entities, not individuals. Thus, trading as an individual will exempt you from the requirement.
LEI code prices
Register/renewal 1 year
Register/renewal 3 years
Register/renewal 5 years
Transfer LEI code
LEI codes are very scalable. As a result of the difference in price between service providers, you may decide to transfer your LEI Code to another provider.
Since LEI Certificate is one of the best service providers in Europe especially concerning pricing, you may want to transfer your LEI code and renew through us.
This is possible and a transfer will take approximately 7 days to effect.
GLEIF is also known as Global Legal Entry Identifier Foundation and it is the international organization that runs the LEI system. It keeps the system operative and monitors the Market’s accredited publishers. GLEIF was founded in the year 2014 and its headquarters are in Switzerland. It was in this sake year that the first LEI number requirements were introduced.
GLEIF keeps and updates the Global LEI Index which is a register of all existing LEI codes. GLEIF has many connected and accredited Local Operating Units(LOU:s). These local operating Units serve as a platform for Registered Agents that provide a service for registering LEI codes. Our service provider, LEI Register is one of these Agents.
How an LEI number works
An LEI Number is an identification module for companies and organizations who are in the financial market. It also provides access to information concerning those behind the running of the company.
GLEIF issues of these LEI numbers. Registration of the codes is however done by local operating Units and other service providers. The LEI code structure is the same for all LEI numbers with the first four digits indicating which LOU issued the code. The succeeding digits after this are usually two zeros (00). This is succeeded by a unique combination of letters that represent the company and finally, control numbers are the last digits that make up the code structure.