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LEI Registration

LEI Registration

Market Price : Rs. 12,000

Offer Price : Rs. 8,400

Discount : Rs. 3,600 (30%)

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What is a LEI?

A Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code based on the ISO 17442 standard, which is used to uniquely identify legally distinct entities that engage in financial transactions. The LEI system is part of a global effort to improve the quality and accuracy of financial data systems for better risk management post the financial crisis of 2008.

Salient Features of a LEI

  • Unique Identification: Each LEI is unique to a single legal entity and provides standardized information about that entity.

  • Global Standard: The LEI is recognized internationally and is part of the Global LEI System (GLEIS).

  • Transparency: LEIs help increase transparency in the financial markets by providing clear and standardized identification of legal entities.

  • Regulatory Requirement: Many financial regulators around the world require the use of LEIs for reporting purposes.

    Structure of LEI:

  • An LEI consists of 20 characters 

  • Characters 1-4: Prefix used to identify the Local Operating Unit (LOU) that issued the LEI.

  • Characters 5-18: Unique alphanumeric string assigned to each entity.

  • Characters 19-20: Two check digits for validation purposes

    Information Encoded in an LEI:

    1. Legal Name: The official name of the entity as registered in its jurisdiction.

    2. Registered Address: The address where the entity is legally registered.

    3. Country of Formation: The country where the entity is legally incorporated.

    4. Company Registration Number: The entity's registration number in its jurisdiction.

    5. Entity Status: Current status of the entity (e.g., active, inactive).

    6. Legal Form: The legal structure of the entity (e.g., corporation, partnership)

    Advantages of LEI

  • Improved Risk Management: LEIs help regulators and financial institutions monitor systemic risk and improve the integrity of financial systems.

  • Enhanced Transparency: LEIs provide a clear identification system that helps reduce ambiguity and fraud in financial transactions.

  • Global Interoperability: LEIs are standardized internationally, facilitating seamless cross-border transactions and regulatory reporting.

  • Compliance: Many jurisdictions require LEIs for regulatory reporting, ensuring compliance with global financial regulations.

  • Efficiency: LEIs streamline the identification process in financial transactions, reducing the time and cost associated with due diligence and KYC processes

Procedure of Registration of LEI

  • Choose a LOU: Select an accredited LOU. LOUs are responsible for issuing and managing LEIs.

  • Submit Application: Fill out the application form provided by the LOU, including all required documents and details about the entity.

  • Verification: The LOU verifies the information provided. This process can take a few days.

  • Issuance of LEI: Once verified, the LOU issues the LEI, and the information is published in the Global LEI Index.

  • Renewal: LEIs must be renewed annually. The entity needs to ensure that the information is up to date and renew the LEI with the LOU.

Documents Required for Registration of LEI

  • The specific documents required for LEI registration can vary by the Local Operating Unit (LOU), but generally include:

    1. Certificate of Incorporation: A document that shows the legal formation of the entity.

    2. Proof of Legal Name: Official documents that confirm the legal name of the entity, such as the business registration document.

    3. Proof of Address: Documents that verify the registered address of the entity, such as utility bills or lease agreements.

    4. Company Registration Number: The registration number assigned to the entity by its legal jurisdiction.

    5. Authorized Signatory Details: Information about individuals authorized to act on behalf of the entity, often including identification documents and proof of authorization.

Corporate Verdict: Your Partner in  LEI Registration

Corporate Verdict is a team of experienced professionals dedicated to assisting entrepreneurs to getting the establishing Legal Entity Identifier (LEI) Registrtaion effectively and affordably. We understand the complexities of the registration process and ensure a seamless experience for our clients. Our services include:

  1. Expert Consultation: Providing detailed guidance on the feasibility and benefits of Legal Entity Identifier (LEI) Registrations

  2. Documentation Assistance: Assisting in the preparation and filing of necessary documents.

  3. Compliance Support: Ensuring your Entity meets all regulatory requirements.

  4. Affordable Services: Offering cost-effective solutions without compromising on quality.

By choosing Corporate Verdict, you can rest assured that your LEI registration will be handled efficiently, allowing you to focus on growing your business.

For more information or to start the registration process, visit our website or contact our team today!

Have any Questions?

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