Frequently Asked Questions

Below you can find answers to common questions

1.  LEI code related questions
2.  LEI code issuance process
3.  LEI charges

Have more questions? Contact us.

1. LEI code related questions

What is an LEI code?

LEI stands for Legal Entity Identifier. It is a unique identification code for legally independent entities. This is a 20-character, alpha-numeric code based on the ISO 17442 standard.

What entities are required to have an LEI?

Entities around the globe who are participating in financial markets and have transactions reporting obligation are required to have an LEI. Legal requirement to have an LEI is coming from respective national financial regulators.

What happens if entity doesn`t provide LEI code to the service provider who has transactions reporting obligation?

In this case, service provider will not be able to fulfill the transactions reporting obligation and most probably will stop providing services.

My entity is not involved in transactions that require reporting. Can I still apply for an LEI code?

Yes, all entities are eligible for having an LEI. It is a great idea to have one as scope of application of the LEI code is constantly expanding.

Who issues LEI codes?

LEI(s) are issued by Local Operating Units (LOUs). They act as the primary interface for legal entities wishing to obtain an LEI.

What is the Global Legal Entity Identifier Foundation (GLEIF)?

GLEIF is organization which supports the implementation and use of the Legal Entity Identifier (LEI). GLEIF is headquartered in Basel, Switzerland. Additional information is available here.

Where can I find my LEI code related data?

You can use GLEIF search available here

2. LEI code issuance process

How to apply for an LEI?

You can use LEIZONE services to apply for an LEI. Click here and follow the instructions.

What is the validity period of an LEI?

An LEI is valid for one year from the date of issuance/last renewal date.

Do I need to renew the LEI code?

Each LEI is valid for a term of one year after issuance or renewal. LEI data needs to be updated every year. If an entity doesn`t renew the LEI code status of an LEI will change to ‘LAPSED’ .

Where can I find out the renewal date for my existing LEI?

You can use GLEIF search available here
Current Data -> Registration details -> Next Renewal

What is a direct parent company?

A direct parent company is defined as an entity that directly controls one or more entities and consolidates their financial statements.



What is an ultimate parent company?

The ultimate parent company is defined as the highest level legal entity preparing consolidated financial statements for the group.

What is a multiyear renewal?

Within multiyear contract the client prepays the LEI code renewal fee in advance for up to 5 (five) years. With multiyear LEI(s) there’s no additional fees to pay and no invoice processing.

Can I register an LEI code for multiple years?

Yes, we offer multiyear LEI(s) by automating the LEI renewal process. With multiyear LEIs there’s no additional fees to pay and no invoice processing.

Difference between Issuance, Renewal and Transfer

Issuance is the process of registration of the new LEI code.

Renewal is an annual update of the data related to the issued LEI code to maintain its validity.

The transfer is moving the LEI from one service provider to another.

LEI code transfer process description

If you wish to transfer your existing LEI code to us, please do the following:

1. Please go to “transfer” section of our portal.

2. Fill the LEI code transfer application form.

3. LEIZONE will provide you “Letter of Authorization” to sign by respective authorized signatory from your legal entity.

4. LEI code transfer process begins.

3. LEI charges

What payment methods do you accept?

LEIZONE accepts VISA/Mastercard, banklinks (Baltics) and bank wire transfer in EUR (SEPA or international). Please contact our support at [email protected] if you would like to pay by bank wire transfer in euros or other currencies.

Where can I find prices?

Please refer to the Pricing section.

Do you issue an invoice?

Yes, we send invoice in relation to each finalized order.

Do you charge VAT?

If VAT (value added tax) is applicable to your jurisdiction, the VAT amount will be presented during the application process.

Is the GLEIF fee included?

Yes, we include the GLEIF fee in the prices we charge.

What is included in the cost of the LEI?

The price includes all LEI fees, including the (current) GLEIF fee of $11 per LEI. If VAT is applicable to your jurisdiction, the VAT amount will be presented during the application process.