How to get a Legal Entity Identifier Luxembourg
A legal entity identifier is a 20 digit alpha-numeric code that is used to identity counterparties to regulated financial activities globaally.
There are over 116+ mandates requiring use of the LEI in reporting globally, including MiFID 2/EMIR in Europe, US Dodd-Frank Act and local jurisdictional securities laws in financial markets around the world.
Market participaants in these regions, and those in Luxembourg transacting with entities in foreign regions will be subject to local LEI regulations.
If you wish to obtain a Legal Entity Identifier in Luxembourg please see below:
LEI Worldwide are connected to the RCS data, meaning you can receive your LEI in minutes.
STEP 1: Click the Register New LEI button. If you already have an account ensure you are logged in, you may also proceed as a guest.
STEP 2: Enter your company name and click SEARCH. This will locate your company on the Luxembourg RCS registry.
STEP 3: Select your company from the list. If your companny does not appear click 'Manual Entry' e.g if it is a Fund.
STEP 4: Enter additional relevant company information so the LEI data in Luxembourg can be registered accordingly.
STEP 5: Proceed to checkout and complete payment.
Once your application is comete the LEI will be processed and confirmation sent to you via email.
LEIs help businesses link data sets, improving analysis.
Building a complete picture of a business, by linking its data, could also help small businesses to access finance.
We will champion the LEI as a globally recognised identifier for all businesses in the UK.
- The Bank of England
Why use LEI Worldwide?
- Fastest Luxembourg LEI Applications - RCS API Connectivity
- All Lux legal entity types covered
- Global leader in Fund LEI Management
- Official listing on global LEI index
- LEI portfolio management tools
- Full global coverage
- Get started with LEI Worldwide today
LEGAL ENTITY IDENTIFIERS IN Luxembourg
Over 57,000 Luxembourg companies have already obtained an LEI. Legal Entity Identifier requirements in the EU stipulate that to engage in cross border transactions an active LEI Number must be present. The Mifid II directive was introduced for European entities that trade in securities, and is also mandated under a litany of EU regulations falling under the scope of AML, KYC and transaparency directives.
Luxembourg has one of the most competitive financial sectors in Europe, in particular with its activities in banking, insurance and investment funds.
Luxembourg has a strong economy with one of the best legal and regulatory frameworks for investment funds in the world, including additional provisions for umbrella funds with many different subsidiary asset classes.
Asset managers from around the world use Luxembourg as their entry to the European market and its benefit from its high quality reputation.
Luxembourg is also home to the Luxembourg Stock Exchange and Euroclear, one of the largest Central Securities Depositories (CSD).
This has resulted in Luxembourg having over 57,739 LEIs registered to date. Number 10 in the world, with almost 3% of global LEIs being registered in Luxembourg there is a large number of financial market participants active in Luxembourg.
The Mifid (Markets in Financial Instruments) II directive was introduced for European entities that trade in securities along with EMIR (European Market Infrastructure Regulation). These regulations stipulate that EU, including Luxembourg domiciled businesses/funds will be required to report an LEI when trading.
Most of the worlds leading asset management companies use Luxembourg as their distribution headquarters. If you require an LEI for a fund you can read our post on LEIs for funds ant trusts. Alternatively, securities exchange is another large industry in Luxembourg, you can read about SFTR and CSDR here and how they require LEI registration.
The following classifications are examples of entities that require an LEI in Luxembourg:
- Trade derivatives/securities
- Issue equity, debt and all entities listed on an exchange
- Trade equity or debt
- Are supervised by a financial regulator and their affiliates, subsidiaries and holding companies
- Trade with an EU-licensed broker
- Fall under the categories of Mifid II, Emir, SFTR, CSDR
ABOUT LEI WORLDWIDE
LEI Worldwide is an Official GLEIF LEI Registration Agent (RA), and the first RA providing LEIs on a global basis since 2017. Our approach since inception has been focused on providing high quality customer service and helping our clients manage large portfolios of LEIs.
LEI Worldwide was formed to help some of the worlds largest organisations meet their regulatory requirements, with emphasis on the updated Markets in Financial Instruments Directive (MiFID II) & regulation (MiFIR) and to assist entities in the process of obtaining an LEI number.
There are over 144 pieces of legislation globally mandating the use of the LEI. If your firm is subjected to regulations such as MiFID II transaction reporting obligations, you will require a UK Legal Entity Identifier number or you will be declared ineligible to execute a trade in the UK.
This could mean a no trade ruling or financial penalty “no LEI, no trade” as the saying goes.
In order to meet the demand, and the volume of firms applying, LEI Worldwide have created a designated state-of-the art, proprietary LEI registration and management portal called RAMP 2.0 (Registration Agent Management Platform) which streamlines and automates the process, ensuring timely registration and ease of LEI portfolio management.
We cater for companies from anywhere in the world and those who are seeking a Legal Entity Identifier from all countRIes. By co-operating LEI issuing organisations, and uniquely providing global access, we bring our clients the fastest and most comprehensive LEI solutions available on the market.
We aim to fulfill our mission of providing a first class service which will facilitate the global conformity to the ISO 17442 standard and GLEIFs mission to fulfill “One identity behind every entity”.
