Get your LEI code through Nasdaq CSD

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.

Prices:

• 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 NasdaqLEI – 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 and renewed annually. The investment service provider shall check the validity of the code before completing the transaction.