GLEIS is a federal, international system of LEI issuing authorities that is managed by a central unit - the Global LEI Foundation (GLEIF) - in the form of a foundation and monitored by a superordinate regulator.
The supervision of the system is undertaken by the LEI Regulatory Oversight Committee (LEI-ROC), in which the envoys of the national finance market Financial Markets Authority (FMA) are represented.
The GLEIF is an instrument of the GLEIS and was initially established in the form of a foundation. It oversees the procedural interrelationship between the Local Operating Units (LOUs) - i.e. LEI issuing authorities - and itself or the LEI-ROC.
The LOUs are the national LEI issuing authorities. They securely identify and authenticate entities that request and wish to use LEIs.
A Legal Entity Identifier (LEI) is a globally unique identification code for independent legal entities in the financial market, used to uniquely identify every contractual partner and every financial transaction worldwide.
LEI codes are issued by Local Operating Units (LOU). If an LEI has been issued by a LOU which is accredited by GLEIF, this LEI shall be valid for all transaction notifications. Please refer to the GLEIF home page for further information.
The LEIReg has been issuing LEIs worldwide as an accredited Local Operation Unit since 2017. Further information on LEIReg: What is the LEIReg?
The global financial crisis of 2008 revealed that financial markets had insufficient transparency and safeguards. The G20 countries thus proposed the introduction of a global identification system that was realised in the form of the LEI system by the Financial Stability Board (FSB), the members of which are representatives of the corresponding financial conduct authorities.
The FSB established the Global LEI Foundation (GLEIF). This accredited LEIReg as an official LEI issuing agency in 2017 and is, together with the LEI Regulatory Oversight Committee (LEIROC), responsible for the supranational monitoring of the various LEI issuing agencies.
Per MiFID II, each independent legal entity requiring unrestricted access to financial markets has been legally obligated, since January 2018, to identify itself in the form of an LEI. Only once they have been issued with an LEI are they permitted to deal in securities and derivatives. This definitive entity identification system is designed to prevent malpractice, such as money laundering and market abuse, in connection with international financial transactions.
For more information, click here to view a short tutorial on the subject of the LEI system.
In Germany, Bundesanzeiger Verlag GmbH has been operating its own issuing office, the so-called LEIReg, since January 2014 and issues and manages LEIs worldwide. GLEIF already accredited LEIReg as an official LEI issuing office in 2017. LEIReg sees itself not only as an issuing body, but also as a competent partner and LEI expert and is in active contact with its customers. It focuses on simplifying the processes around LEI application, administration and renewal and on making them resource-saving for both the non-financial and the financial counterparty. In this regard, LEIReg successfully cooperates with both national and international financial institutions and offers customized solutions for companies in Germany, Austria, Switzerland, Luxembourg, Liechtenstein and other countries.
An LEI code is a 20-character alphanumeric combination (in accordance with ISO standard 17442).
Code: XXXX XX XXXXXXXXXXXX XX
At present, all organisations that deal in securities and derivatives require an LEI in order to comply with the stipulations of the European Market Infrastructure Regulation (EMIR) and the Markets in Financial Instruments Regulation/Directive (MiFIR, MiFID II). Per Art. 9 of the EU rules on OTC derivatives contracts, central counterparties and trade repositories (EMIR), an LEI has been required since 1 November 2017 for the purpose of identification when reporting. Since 3 January 2018, it has also been necessary per Art. 26 of the MiFIR and MiFID II for those involved in notifiable transactions to hold an active LEI for identification purposes.
There is a mandatory requirement for an LEI by transaction registers. With the regulation of international financial markets in view, it seems likely that many other authorities and institutions throughout the world will in future require identification by means of an LEI.
The following when acting as counterparties in financial transactions are at present required to apply for an LEI:
Under the SFTR (Securities Financing Transactions Regulation) non-financial counterparties ‒ in other words, all businesses that are active in the real economy ‒ may also, since 13 July 2021, require an LEI. Private persons and legally dependent business units do not need an LEI. Special rules may apply to natural persons who undertake business transactions.
For more information on when natural persons may require an LEI, see “LEIs for natural persons undertaking business transactions”.
LEI numbers contain information about the legal entity and are linked to important reference data. This information can be divided into two levels:
Level 1 data: Who is who?
Level 2 data: Who belongs to whom?
Publically available data includes a complete data record consisting of all data records managed by the Bundesanzeiger Verlag GmbH in an XML format. The format includes all fields specified by the ISO standard 17442.
Yes, the information will be published and made available as an XML dataset provided the affiliated parent company has an LEI. If the parent company does not have an LEI, reference data will not be published.
In the absence of a relationship with a parent company or if there is an opt-out with regard to the requirement to report on a parent company, this information will also be published.
In case you should identify a data error or duplicate while using our search feature, please inform us online by using the Challenge Form. You can download the form via the link “Report Duplicate or Data Error” under the name of the company.
Every day, all published LEI data sets of the LEIReg are made available on the platform. Legal Entity Identifiers must be up-to-date and publicly available at all times to ensure the principle of transparency in the financial market.
To register, click on the Register button in the upper right area.
Please enter your e-mail address and a password of your choice. In addition, applicant data as well as company-related data of the applicant must be entered. You will then receive a registration e-mail which you must confirm.
For more information on registration and LEI application, please refer to our checklist for obtaining your LEI.
Please log in with your access data and go to the „My data“ area and here in the master data block to „Access data“. Here you may change your login (e-mail address) and your password.
Please note: If you still have a user name (i.e. no e-mail address) as a login, you may only change it by sending a written request to email@example.com.
Please log in and go to „My data“ and click on „Registration data“. You may here perform the desired data change. If you already have an LEI for yourself, you will see a message that you may only perform the change in the „LEIs/Data administration“ area (under „My data“).
Please log in and go to „My data“ and click on „LEIs/Data administration“. Here you may now request the desired data change through the „Action“ column. Please click through the individual process steps and enter changes where required.
Please log in, go to the section "MY DATA" and click here on "Registration data". If you are no longer able to change the details of your contact person here - this is the case if you already have an LEI for yourself - then please send a written request for a change to firstname.lastname@example.org.
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