User FAQ

LEIAdmin is an LEI management platform for retail and corporate customers who manage multiple LEI’s. Our aim is to offer simplified LEI creation, renewal and import of LEI’s from other service providers.

LEI Admin is a service by LEI Register

LEI is needed to identify legal entities that are counterparties to securities transactions and it is used for transaction reporting purposes.

The Legal Entity Identifier connects a legal entity to its key reference information (name, location, etc.). The LEI number enables identifying legal entities participating in global financial markets for various supervisory purposes.

The global LEI helps regulators better monitor and analyze threats to financial stability. It also helps companies improve their internal management of operational risks and reduce costs in collecting, cleaning, and aggregating data, and in reporting data to regulators.

 

To register an account we ask to provide your name and email. In addition please preselect your currency for payments/invoices. After the account registration a randomly generated password will be sent to your email. We strongly suggest to change it after the first login.

Please click and check our pricelist for services. If you are unhappy with our pricing (you have seen better prices elsewhere) please feel free to contact us at [email protected] 

LEIAdmin supports credit card, Paypal and regular bank transfer (wire payments). For bank transfer (invoice) payments please contact [email protected] 

 

We provide a new LEI usually in a couple of hours. It can take less than 30 minutes to couple of hours. In rare occasions up to 24 hours. Extended validation time occur due to Level 2 data validation (who owns who).

Yes, LEIAdmin supports importing LEIs from other service providers. Feel free to import LEIs one by one in the platform or send us a list of LEIs to [email protected] if you wish to do a bulk transfer. The easiest way is to download an xls or csv sheet from your current LEI provider and send it to us to [email protected] Uploads through client area will soon be supported for bulk transfers as well. 

A Registration Agent helps legal entities to access the network of LEI issuing organizations responsible for performing LEI issuance and related services. The Registration Agent’s role in the Global LEI System is directly connected to the LEI issuing organization. The Registration Agent may choose to partner with one or more LEI issuing organizations to ensure its clients’ needs for LEI services are met.

For a detailed overview of registration agents, see here.

Trust LEI is an official registration agent, in recognition of which it has been authorised by GLEIF to use its identifiers.

Investment service providers must request customers that are legal entities to provide all information which is necessary for submitting information about transactions to supervisory authorities. Such information includes Legal Entity Identifier number.

If a customer, who is a legal entity, does not provide the investment service provider with the necessary information, including an LEI number, for reporting a security transaction, the service provider will not be able to fulfil their legal reporting obligation. Consequently, the investment service provider may refuse to provide the service.

Banks and investment service providers verify the validity of LEI numbers from the GLEIF database. As GLEIF performs database updates once per day, the LEI number issued to you will be listed in the database on the following day from 14.00 CEST. For example, if your Legal Entity Identifier was issued today, it will be listed in the global database tomorrow from 14.00 (CEST).

The validity and information related to a Legal Entity Identifier number-code can be checked from the website of the umbrella association at www.gleif.org.

You can also check the validity of your LEI number by using our LEI search box.

Legal Entity Identifier numbers are universal codes and are not tied to any specific country. Each LOU has its own identifier, which is contained in the first four numbers of the LEI code. LEI codes are valid worldwide regardless of the LOU that issued the code.

 

An LEI code needs annual renewal. If the deadline has passed, your LEI will become inactive until renewed again. This renewal process is necessary to ensure the data in the Global LEI Pool is relevant and up to date. Trust LEI offers monthly subscription based payment method in which after each transaction the company's data is automatically renewed. LEI code will never lapse with Trust LEI.

Yes, the Legal Entity Identifier system is built on the principle of making the information publicly available. LEI-related company data (name, registry code, address, address of the principal office, country of registration, etc.) are accessible to everyone through the GLEIF website.

Any interested party can easily access and search the complete LEI data pool free of charge on the GLEIF website using the web-based LEI search tool developed by GLEIF.

To fulfil their reporting obligation, investment service providers need their customers that are legal entities to have a valid Legal Entity Identifier code. Before carrying out any securities’ transactions, investment service providers verify the existence of a valid LEI code.