Legal Entity Identifier Register - Questions and Answers

Questions and Answers

Questions about general topics of the GLEIS (Global Legal Entity Identifier System)

What is GLEIS?
What is a Legal Entity Identifier (LEI)?
How is the LEI code put together?
Who needs an LEI?
What are the legal foundations?

Questions regarding the LEIReg Platform

How do I register?
How do I obtain a LEI?
How does the activation work?
What do I need to consider, if I want to request LEIs for investment asset pools?
Which company information will be published?
How can I complete an application for multiple LEIs?
Why is there a data download?
What data is publically available?
May I, as a foreign company, also apply for a LEI here?

Questions regarding the use of the platform / fees

Does registering on LEIReg incur costs?
Will accessing or downloading LEI information incur costs?
What are the costs of applying for a LEI?

Questions regarding special topics

When will my LEI expire and how can I renew it?
Why can’t I find my requested LEI in the public search?
How can I change the data recorded in the LEIReg?
How do I report errors in the public data of other parties?



Questions about general topics of the GLEIS (Global Legal Entity Identifier System)

What is GLEIS?

GLEIS is a federal, international system of contracting authorities for LEIs that is guided by a central unit in the form of a foundation and monitored by a superordinate regulator.

The supervision of the system is performed by the ROC (Regulatory Oversight Committee), in which the envoys of the national finance market Financial Markets Authority (FMA) are represented.

The COU (Central Operating Unit) is an instrument of the GLEIS and was begun as a foundation. It oversees the procedural interrelationship between the LOUs (Local Operating Units) and the COU and makes reports to the ROC.

The LOUs are the national contracting authorities for LEIs. They securely identify and authenticate companies that request and wish to use LEIs.

What is a Legal Entity Identifier (LEI)?

A Legal Entity Identifier (acronym: LEI) is a globally unique identification code for independent legal entities in the financial market, used to uniquely identify every contract partner and every financial transaction worldwide.

LEI codes are issued by Local Operating Units (LOU). If a LEI has been issued by a Pre-LOU with endorsement status as per Regulatory Oversight Committee (ROC) publication, such LEI shall be valid for all transaction notifications. Please refer to the ROC home page for further information.

How is the LEI code put together?

An LEI code is a 20-character alphanumeric combination (according to ISO standard 17442).

Code: XXXXXXXXXXXXXXXXXXXX

XXXX4-character prefix for the LOUs (the Bundesanzeiger Verlag has 3912)
XX2-character separation, reserved
XXXXXXXXXXXX12-character identification of the legal entity
XX2-character checksum formed according to ISO 7064 (Modulo 97-10)

Who needs an LEI?

At this time, all companies who participate in derivatives trading need an LEI, and it has been mandatory to register this with a trade repository according to Article 9 EMIR since 12.02.2014.

The first addressees are the financial counter-parties:

  • Banks / credit institutions
  • Insurance companies
  • Security services companies
  • Investment funds / KVG

Later, the non-financial counter-parties (i.e. all other companies of the real economy) who conclude derivatives contracts) will be addressed. Private persons and legally dependent parts of companies do not need an LEI.

What are the legal foundations?

The duty to register for derivatives business is stipulated in Article 9 para. 1 of the European Ordinance EMIR (European Market Infrastructure Regulation).

Questions regarding the LEIReg Platform

How do I register?

To register, click on the “Register” button, top right.

Registration will be followed by the authentication procedure for your company / institution. The necessary forms will be made available to you in the course of the registration procedure. Please print these forms and send them to the specified address.

You will require an excerpt of your company's registration or similar founding documents, for authentication.

Please contact our Service staff who will gladly assist you with any queries you may have.

How do I obtain a LEI?

Successful registration and authentication of your company / institution is prerequisite to application for a LEI. See also How do I register?

How does the activation work?

Activation process:
The data for the company/institution and the applicant’s capacity to act are examined based on the documents submitted. After a successfully concluded examination, the client will be emailed a confirmation that the account for the LEI application has been activated.

Application process:
After the LEI application is received, a check will be made to determine whether an LEI has already been assigned at another contracting authority (LOU) based on the name of the company. If this check is successful, the LEI will then be assigned, the LEI number emailed to the applying client, and the status set to ISSUED.

Other status of an LEI can be looked up in the “Info” area of the corresponding tool. This area also contains further useful tools for registration, activation and application.

What do I need to consider, if I want to request LEIs for investment asset pools?

If the legally independent investment asset pool is not registered with a register court, then the asset pool’s responsible administrating company, e.g the asset management company, has to register at the platform first. After successful registration, he required LEIs can be requested subsequently for the investment asset pool as well as for the administrating company, if necessary. For bulk requests, please do not hesitate to contact the Bundesanzeiger Verlag.

If the investment asset pool is registered with a register court, e.g. a closed fund, it has to register at our platform as a company. The LEI can be requested by the investment asset pool itself, after successful registration.

Which company information will be published?

  • LEI information
  • Company data
  • Legal address
  • Headquarters

How can I complete an application for multiple LEIs?

If a great number of LEIs are requested, an Excel table can be transmitted after prior agreement. In order to do this, please contact the Bundesanzeiger Verlag via leireg@bundesanzeiger.de or service hotline.

Why is there a data download?

All published LEI data records of the LEIReg are made available daily on the platform. LEIs that are handed over must always be current and publically available, in order to guarantee the principle of transparency in the financial market.

What data is publically available?

Publically available data includes a complete data record containing all data records managed by the Bundesanzeiger Verlag in an XML format. The format contains all fields defined by the ISO standard 17442

In addition, a “Delta” data record is made available that documents all changes from the last-published daily data record.

May I, as a foreign company, also apply for a LEI here?

There are no restrictions to LEIs issued by the Bundesanzeiger Verlag. The LEIs are valid worldwide, not only in Germany.

Questions regarding the use of the platform / fees

Does registering on LEIReg incur costs?

Registering on the website www.leireg.de is free.

Will accessing or downloading LEI information incur costs?

Accessing or downloading LEI information will not incur any costs.

What are the costs of applying for a LEI?

Please refer to our for relevant costs. The following payment methods are supported:

  • on account
  • SEPA direct debit, provided your account address is in Germany

As a company applying for or already in possession of a LEI, you will at the LEIReg benefit from the fact that we have taken into account the levy to the "Global LEI Foundation" (GLEIF) for initial and extended LEIs, in the abovementioned price list since the start of the LEIReg already, irrespective of exchange rate fluctuations. We will not charge you these fees in addition and you may ignore conversion of currencies.

Questions regarding special topics

When will my LEI expire and how can I renew it?

After the initial application for an LEI, the contractual term is one year and can be cancelled within a period of three months until the end of the initial term. If the contract is not cancelled, it will be extended indefinitely and can be cancelled within a period of three months until the end of another contractual year. The data needed for authentication is examined annually in order to extend the contract.

Why can’t I find my requested LEI in the public search?

This could be caused by the following:
a) The entered search term is different from the official spelling of the company’s name.

When making a search, please spell the name of the company (or part thereof) exactly as the company name appears in the trade register.

b) The LEI has not yet been assigned.
When an LEI is requested, it must first be determined whether an LEI already exists for the company from another LOU before it can be assigned.

As soon as the examination is finished, we will disclose the LEI to you by email. In case of discrepancies, we will also notify you by email to discuss the next step in the process.

How can I change the data recorded in the LEIReg?

If the data for a company and/or contact partner is changed, this change must be updated immediately under “My Data” and communicated to the Bundesanzeiger Verlag so that your data can be re-authenticated.

Please send the updated authentication form by post to:

Bundesanzeiger Verlag GmbH, Veröffentlichungsbereich, Team LEI, Postfach 10 05 34, 50445 Köln

or by fax to:
+49(0)221/97668-339

or as a PDF file through email to:
leireg@bundesanzeiger.de

How do I report errors in the public data of other parties?

Please inform us of a data error or duplicate online with the Challenge Form. You can obtain the form via the link “Report Duplicate or Data Error” under the name of the company.