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How to order an LEI
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Receive your LEI by Email when LEI has been issued.
Our LEI Services
We offer the following services, depending on whether you want to apply for a new LEI code, renew an existing LEI code, or move an LEI code to our platform. Please contact our customer service if you have any questions or need help.
Frequently Asked Questions
Find answers to your questions here!
The Legal Entity Identifier (LEI code) is a 20-digit, alphanumeric code that connects to key reference information enabling clear and unique identification of companies participating in global financial markets. The LEI code is based on the ISO standard 17442 developed by the International Organization for Standardization.
The LEI code associates a legal entity with key information, which allows legal entities participating in global financial markets to be clearly and uniquely identified. LEI codes are already used to identify the parties to EMIR derivative instruments transactions and due to the application of implementing regulation EU/2017/105, no other alternative codes can be used when providing notification of transactions made with derivative instruments starting from November 1, 2017. The LEI code shall be used for reporting as of January 3, 2018, pursuant to the MiFID II and MiFIR regulation, transaction reports shall, among other things, also be used for investigating market abuse. The format of the transaction reports is established by an implementation regulation of the European Commission.
Legal entities that have been assigned the right to provide investment services are obliged to notify surveillance authorities of transactions made with the securities of a legal entity client by using the LEI code. In case a legal entity client does not have an LEI code, the reporting obligation cannot be performed and as a result the transaction orders of such legal entities cannot be fulfilled. In accordance with the European regulation, the LEI code must be used to identify the contracting parties to financial market transactions worldwide and make it easier for regulators to recognize possible systemic risks at an early stage. The ultimate aim is to better manage financial risks.
Local Operating Units (LOU) of the Global Legal Entity Identifier Foundation (GLEIF) are responsible for the registration of interested entities and the issuance of LEI codes. The GLEIF exercises operational controls over the implementation of the LEI issuance process and ensures world-wide uniform standards in the global LEI system (GLEIS). The system is supervised by the Regulatory Oversight Committee (ROC) established by the Financial Stability Board and approved by G-20. There is a number of service providers and the selection can be made freely.
The LEI code shall be issued for a fee and is also subject to a yearly renewal fee.
- For the registration and issuance of the LEI code: 79 EUR + VAT
- For yearly renewal of the LEI code: 69 EUR + VAT
- Transfer of LEI code to Nasdaq LEI - free of charge
VAT amount is 21% as the issuing entity Nasdaq CSD SE's domicile is Latvia.
To correctly perform the reporting duty, the LEI code of a legal entity must be valid. The company providing the investment service shall check the validity of the code before completing the transaction.
Contact Nasdaq CSD
About Nasdaq CSD
Nasdaq CSD is a Central Securities Depository with a business presence in Estonia, Iceland, Latvia, and Lithuania. Registration of securities at Nasdaq CSD increases the company’s transparency, improves its trustworthiness, and provides more opportunities to promote the company to the public, creditors and foreign investors.
Nasdaq CSD provides three core CSD services:
- Initial recording of securities (notary service)
- Maintenance of securities accounts at the top tier level (central maintenance service)
- Settlement services
In addition to these core CSD services, issuers are provided with a wide range of corporate actions services, information services (maintenance of registers, shareholder information, services to funds, statistics), ISIN services, and more.