Why it’s important to fill in multiple contact details on your LEI application?

Since implementing the Legal Entity Identifier (LEI) as a mandatory requirement in India, companies have delegated the responsibility of obtaining and renewing LEIs to individuals in various roles. However, this has led to a new challenge.

Employees who complete LEI applications often use their personal information, which becomes inaccessible later, whether due to leave or job changes. Consequently, crucial notifications such as renewal reminders, confirmation of additional information, and updates within the Global LEI System may not reach the companies.

This situation could result in significant inconveniences, including blocked trades, inability to execute bank transfers, additional penalties, erosion of trust among partners, and more.

LEI correct details best practice

• Fill in multiple contact details in your LEI applications
• Use multiple valid phone numbers so that we can remind you about the upcoming renewal date
• Use multiple email addresses so that we can notify you of any critical regulatory changes
• Update your contact details if necessary by sending us an email at [email protected]