Frequently Asked Questions (FAQ)
All your questions about the LEI code, registration, renewal and transfer are answered in this section. If your question is unanswered in the FAQ section, you can contact us by sending an email to email@example.com. We will respond to you quickly. If you have any questions about the LEI registration service marketed here at LEI Certificate, please contact LEI Register™. If you would like to learn about the costs for LEI codes, take a look at the LEI price list.
What is LEI code?
A Legal Entity Identifier (LEI) code is a unique 20-character alphanumeric code. The code is used to identify companies and other legal entities carrying out transactions in the securities market.
Who needs LEI?
LEI code is required for all legal entities who are interested in buying or selling in the financial markets.
Why is LEI needed?
LEI number is needed for relevant authorities to be able to identify legal entities carrying out transactions in the securities market. With the help of the unique LEI code it is possible to link all transactions to one or more legal entities. LEI codes were introduced to make the financial markets more transparent.
Can anyone see my LEI code?
Yes, your LEI code and the information connected can be seen by anyone, as it is available in the public domain. All LEI numbers are present in the GLEIF database. Anyone can just enter your company name and find your LEI code or make a search using your LEI code and find out the name of your organization. All this has been done to make the financial markets more transparent.
How do I register for an LEI?
You can register LEI through a service provider connected to a Local Operating Unit, LOU. At LEI Certificate, we give you a chance to register and renew your LEI at one of the lowest prices on the market.
What is the cost of LEI registration and renewal?
The cost for LEI registration varies between the different service providers. At LEI Certificate, following are the costs for registering your LEI:
LEI 1 year – ₹4350 (₹4350 per year) + GST
LEI 3 years – ₹11970 (₹3990 per year) + GST
LEI 5 years – ₹15900 (₹3180 per year) + GST
Prices include all fees. There are no additional charges.
For how long is a LEI code valid?
An LEI code is valid for one year. If you wish to continue transacting in the securities market, you will need to renew your LEI code so that it remains valid and active.
How do I find out about the validity of my LEI code?
You can find out about the validity of your LEI code by searching your company name or LEI number in the GLEIF database.
How do I renew my LEI?
You can renew your LEI through a LEI service provider. At LEI Certificate we offer you a chance to renew your LEI code for up to 5 years at a time.
What does it cost to renew LEI?
We have the same prices for registration and renewal. LEI renewal charges start from (₹3180 per year) + GST.
How does multiple year renewal scheme work?
If you choose to renew your LEI code for more than one year, your service provider will make sure that your LEI code is renewed each year without any hassle. You will pay for several years of LEI code at once, and you won’t have to worry about renewing your LEI every year.
Which payment methods are accepted?
If you register or renew your LEI number at LEI Certificate, the following payment methods are accepted:
- American Express
Can I transfer my LEI code?
If you have your LEI code at another service provider, you can still renew your code through us here at LEI Certificate. Just fill the form available on the website in 2 minutes, and apply for a transfer. Transfer will be done within 7 days and it is free of charge.