Documents Required for LEI Registration – LEI Requirement Explained

If you are intending to make transactions within the global financial system, there is a strong possibility that you will need to have an LEI (Legal Entity Identifier). This is mandated in many countries around the world, including India, and without an LEI, certain financial institutions may refuse to trade with you.  

The LEI system has been mandated in India since 2017 in a bid to prevent banking frauds and improve market transparency. Traders, investors, and corporate borrowers are just some of those people who will require an LEI, and all entities trading internationally will require an LEI too.

If you are a Limited Company or Sole Trader in India, it might be that you don’t need an LEI by law. You may still decide to obtain a code before you need it, however, especially if you are engaged in any cross border activity, as LEI is quickly being adopted as a global standard.

Documents Required For LEI Registration

In order to obtain an LEI number, a number of documents will be required. We will ask you to upload these on our registration page. 

The documents you upload will be used to corroborate your legal entity’s official registry data. They should contain your legally registered entity name, your current address, and the name of the primary stakeholders (such as the CEO), 

Any of the following documents will be accepted as part of your LEI application

  • Power of Attorney or legal letter
  • Certificate of Incorporation
  • Certificate of Incumbency
  • Articles of Association
  • Registry Extract or an official filing
  • Any other binding document that confirms the required LEI data, such as an annual report, the Register of Directors, your audited accounts, etc. 

Other documents that may be needed

Level 2 data may be required in certain circumstances.

If you are reporting parental information, you will need to confirm the existence of this relationship with documents associated with the consolidated accounts. 

If you are applying for an LEI on behalf of a client, employer, or another legal entity, you may be asked to provide a Letter of Authorisation which has been signed by the authorised signatory.

For any other information regarding your LEI requirements, including the documents needed for LEI registration, get in touch with us. You can also find more information on our FAQ page, and there are other very helpful articles within our blog.

Legal entities that require an LEI number

LEI codes are required by any legal entity that falls into one of the following classifications. This list is not exhaustive, so you should check with a local Registration Agent if you are unsure about your need for an LEI.

  • Banks, lenders, and investment companies
  • Trade OTC derivatives
  • Self-Managed Superannuation Fund traders and investors
  • Financial intermediaries
  • Investors in mutual funds and hedge funds
  • Commodities traders
  • Entities listed on the stock exchange
  • Pension schemes
  • CFDs (Contracts For Differences)
  • Any entity needing to comply with the SFTR (Securities Financing Transaction Regulation)

How To Obtain An LEI?

To obtain an LEI, you should contact an LOU (Local Operating Unit) or a Registration Agent such as ourselves. We are here to help India-based companies apply for an LEI code in a quick and efficient way.

To begin the LEI registration process, you can head over to our LEI registration page. The form is easy to complete, although there are documents required for LEI registration. After providing the documents requested, you make your payment and wait until your application has been validated. In most cases, this can be as soon as 2-3 hours.

Why Choose Us?

If you are required to have an LEI number, we recommend our services to you. We are the fastest LEI agent in India, and support all company types in the country. Applying for an LEI number is easy, and our application process is quick and efficient. You will receive your LEI number within a matter of hours, and you will then be able to conduct the transactions that befit your status.

We are here to validate your data in accordance with the LEI standard and help to make the LEI system easily understandable for you. Use our contact page if you would like to get in touch with us, and we will answer any question that you may have about the LEI registration process.