WHAT IS AN LEI CERTIFICATE?
A Legal Entity Identifier (LEI) is a 20 digit code that is unique to a legal entity and provides basic information about the entity such as name, address and entity type e.g Limited Companies, Funds, Trusts, Pension Schemes and Financial Institutions.
Since the introduction of MiFID 2 in 2018, the use of an LEI has been mandated by over 116+ global regulations requiring its use for reporting of Financial Transactions.
Sometimes firms are required to produce their LEI, and the easiest way to do so is by producing a hard copy, or PDF copy of your LEI Certificate.
The LEI Certificate full form was originally created by LEI Worldwide. Since then it has been used by thousands of organisations worldwide to prove their identity to clients, stakeholders, regulators and counterparties on a global scale.
LEI Certificate Meaning:
Many of the worlds leading organisations have linked their PDF LEI Certificate on their website, to show their customers the have successfully obtained an LEI registration, menaing they are a legitimate organisation recognised by law.
An LEI Certificate is a document with your entity data based on you Legal Entity Identifier (LEI). The LEI is an international standard (ISO 17442) and is endorsed by G20 countries.
Having an LEI Certificate confirms to others on a global basis that your company is a verified, and registered entity within your country.
This is because the LEI Certificate is downloadable, printable proof of your company legal status.
The broader benefits of being able to prove this data on a global scale, all in a single document are immeasurable. Previously, this was done by providing your Certificate of Incorporation, or registry extract. This can now be replaced in a reliable way.
KYC documents such as Certificates from companies registries, Articles of Incorporation are only recognised on a national level, whereas the LEI is respected and trusted globally.
How to download lei certificate
Wonering how to obtain a Legal Entity Identifier certificate? In order to get an LEI Certificate apply ionline for an LEI first.
An LEI Certificate may ONLY be provided if you have first successfully completed the LEI registration form. Once that has been done, then proceed below.
Step 1: Please follow the link and proceed to the Create an LEI Certificate page.
Step 2: Enter your company LEI Code. The system will automatically find your entity details
Step 3: Please check the details entered are correct, and ensure you have logged into your account. If you do not have an account, create one first.
Step 4: You may now apply for your LEI certificate, and view your LEI on the LEI Look Up tool also known as the global LEI index. Your LEI Certificate will be sent to your email automatically.
Benefits of having an LEI Certificate
You may be asked by your investment broker, or service provider to produce an LEI certificate so they make transactions or execute trades on your behalf. This is where you can simply produce your PDF LEI Certificate document.
"Having an LEI certificate increases trust in your organisations identity and ultimately improves your credibility on a global scale"
- Guarantees your existence as a registered company
- Replaces traditional Certificates of Registration
- International business 'passport'
- Links to your official GLEIF page
- Globally recognised Trade License
- Credibility boost
- Increased Trust
- Global Identity
- Compliance requirements simplified
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”.