LEI Lookup – Fully dedicated LEI search website
Legal Entity Identifier (LEI) codes are unique reference numbers used to identify legal entities across the globe. The LEI data includes the entity location, status and information regarding the parental structure. The LEI Lookup website offers an excellent tool to facilitate the transparency of the LEI data, as it can be used to check any company data by simply typing in their LEI code or legal name.
The LEI database, managed by the Global Legal Entity Identifier Foundation (GLEIF), is completely transparent and accessible to everyone—regulators, businesses, and other entities—regardless of whether they possess an LEI code themselves. This guarantees transparency between the parties involved in any financial transaction. As the LEI codes are renewed each year, the database can be relied upon to display only up-to-date information.
The LEI Lookup website offers information about the LEI code and its uses, a comprehensive Search tool, and an LEI Registration, Transfer, and Renewal service.
How does the LEI search work?
The LEI Lookup Search tool has access to the complete GLEIF database and can be freely used by anyone. To find a company profile, searching by their 20-character LEI code is easiest. If the LEI code is unavailable, searching by the entity’s legal name is also possible. The LEI Lookup search tool implements an autofill feature, which offers partial matches to the search term after entering a couple of letters or words. Since many legal entities worldwide can have the same or similar names, the legal jurisdiction in which the entity is registered is also displayed, helping narrow the search results.
In addition to the LEI Search function, LEI Lookup allows users to Register, Renew, or Transfer LEI codes. LEI Register, a Registration Agent for Ubisecure Oy (RapidLEI), an accredited Local Operating Unit, provides the LEI code registration, renewal, and transfer service.
LEI registration process explained
The LEI registration process takes only 2 minutes, provided all the necessary information is available. If the entity is registered in the local Business Registry, much of the data might already be auto-filled. In the case of a Trust or Fund, the required data should be entered manually. In addition to the legal and headquarters address, the applicant’s full name and email address need to be provided for contact purposes.
There are two levels of data associated with the LEI code. Level 1 data answers the question ‘Who is Who?’ and Level 2 data ‘Who owns whom?’, referring to the parental structure. If the entity is owned by another company (>50%) consolidating the financial statements, it can be reported as a parent.
In some cases, additional documentation might be needed to verify the entity data. The documents should confirm the legal entity name, address, and the names of the entity’s authorized representatives.
The prices displayed on the LEI Lookup Registration page (excl. VAT) are transparent, with no hidden costs. The GLEIF surcharge is already included in the amount. Choosing between a 1-, 3- or 5-year registration is possible. The benefit of choosing a multi-year registration is not only a lower yearly rate but also peace of mind – LEI Lookup will take care of the yearly renewal. It will make sure that the LEI remains active for the chosen period.
After completing the payment, the team quickly checks and applies the data. The data in the application will be verified against the local business registry. It can take a couple of minutes, up to a couple of hours, to issue the LEI in case everything matches.
LEI Renewal is a simple process
Since the LEI code system prides itself on consistently providing accurate and up-to-date data, the LEI code is valid for one year, after which it needs to be renewed. If the LEI code is not renewed, its status will change from ‘ISSUED’ to ‘LAPSED,’ and the entity can no longer participate in financial transactions.
Each legal entity can only be issued one LEI code—GLEIF performs rigorous duplicate checks to guarantee this. If there is any doubt that a legal entity might already have an LEI code, the LEI Search is an excellent tool to check this! If an LEI code already exists, it should be Renewed rather than a new one applied for.
The LEI code renewal is a simple process – there is no need to fill in the data of the entity again, as the fields will be automatically filled based on the LEI data. The LEI renewal is an excellent opportunity to make changes to the LEI data if applicable (changed address, changes in parental data). The data can also be changed any time during the year, just let LEI Lookup know, and the information will be updated by the team.
The costs of the LEI Renewal are the same as for the LEI Registration, with a multi-year renewal being the most cost-effective. In this case, LEI Lookup will take care of the entity’s yearly renewal and ensure that there are no gaps in the LEI validity period, guaranteeing the entity’s ability to access financial markets and transactions.
LEI Transfer for changing service providers
Since there are many different LEI service providers – LOUs – there might come a time when a switch in the service provider is necessary. LEI codes can be transferred from managing one LOU to caring for another. The LEI code will stay the same, but the service provider will change. There could be many reasons for transferring the LEI, such as dissatisfaction with the service or a better yearly LEI management rate. The transfer of the LEI code is without cost, however when the LEI needs to be renewed, the fee will be paid to the new LOU.
Since transferring the LEI code requires cooperation between the different LOUs, the process can take up to 7 days.
