Nasdaq LEI is an accredited provider of LEI codes. We can help you to apply for and renew your company’s LEI code or transfer an existing LEI code.
After submitting your application, Nasdaq will provide you with a new LEI code within three business days and notify when your LEI code is due for renewal.
For the registration and first year of usage of an LEI code
Each legal entity is required to renew their LEI code annually
We can transfer your LEI code to Nasdaq CSD without any charge
The Legal Entity Identifier is a 20-digit, alphanumeric code that links business entities to key reference information to enable clear and unique identification of companies that participate in the global financial markets. The LEI code is based on the ISO standard 17442.
All legal entities who are involved in financial transactions or participating in the global financial markets are required to have an LEI code. Learn more here.
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. The LEI code shall be used for reporting pursuant to different regulation.
Legal entities that have been assigned the right to provide investment services are obliged to notify surveillance authorities of client’s financial transactions by using the LEI code. In case the legal entity – client – does not have an LEI code, the reporting obligation cannot be performed and as a result the transaction orders cannot be fulfilled. The LEI code is used to identify the contracting parties to financial market transactions worldwide.
Local Operating Units (LOU) of the Global Legal Entity Identifier Foundation (GLEIF) are responsible for 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. The system is supervised by the dedicated committee established by the Financial Stability Board and approved by the G-20.
Yes, there is a fee for the initial issuance and renewal of an LEI code.
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 and renewed annually. The investment service provider shall check the validity of the code before completing the transaction.