Are LEIs public?
The Global LEI System was developed to create a more transparent global financial market. A company’s LEI will be public and contain data about the company’s registered and trading names, company type, registered address, registration number, parent company information, and child company information. You’ll be able to access this public database free of charge through LEI search.
What is the purpose of an LEI number?
The Global LEI System (GLEIS) was developed by the G20 in 2011 in response to the 2008 global financial crisis. This crisis made the need for a more transparent financial system evident. The purpose of the LEI number (a combination of 20 letters and numbers) is to allow the identification of any organization or legal entity in a worldwide database.
What is LEI reference data?
The reference data is public and contains very basic “business card” information, otherwise called Level 1 data. It answers the question, “Who is who?”.
The LEI reference data connects key reference information, enabling a clear and unique identification of legal entities participating in the global financial markets.
LEI Level 1 data contains:
1. Registered and trading names
2. Company type (e.g., Fund, Trust, limited liability company)
3. Registered address(es)
4. Company registration number
5. Parent company information
6. Child company information
Are LEIs public?
A company’s LEI data will be publicly available, free of charge, and can be accessed by anyone through the LEI database. This provides a more transparent global marketplace and offers businesses a one-stop approach to identifying legal entities, potentially taking the complexity out of business transactions.
What is LEI search?
A LEI number search will reveal the information contained within a Legal Entity Identifier (LEI). It can be used to check the validity of an LEI number or ensure that any information held on an entity is up-to-date. The LEI number needs to be renewed annually to ensure that the information on the LEI database is recent and relevant.
The LEI search will reveal the company’s registered and trading names, company type, registered address, registration number, parent company information, and child company information.
How do I find a company’s LEI?
You’ll be able to complete an LEI number search using either the name of the company or their LEI number. From there, the search tool will automatically display all the LEI information accessible through the database. You can also filter a Legal Entity Identifier search results by country. This should ensure that fewer results need to be explored.
What are LEI registration fees?
Obtaining an LEI number can cost anywhere between 690HK$ to 2500HK$, depending on who you’re registering with. It’s important to note that the service provider’s profit formula determines the price of your LEI number and has nothing to do with the value of the LEI number itself.
LEI Register is one of the biggest and most inexpensive LEI service providers worldwide. LEI Register’s LEI price consists of the initial registration cost for the chosen period and the GLEIF fee ($11 to date).
