Frequently Asked Questions

All legal entities wishing to sell or buy securities must have an LEI code from January 3, 2018. The concept of legal personality includes all types of companies, associations, foundations and legends and more. Physical persons are identified with their national identification number and therefore do not have an LEI code.

The LEI code system is managed centrally by GLEIF (Global Legal Entity Identifier Foundation). GLEIF is an international not-for-profit organization headquartered in Basel, Switzerland. GLEIF's task is to support the implementation and use of LEI codes in order to improve the transparency of the global financial business world. You can read more about GLEIF on their website.

In most cases sole proprietorships do not need an LEI code. You can contact us if you are unsure whether you need an LEI code.

Yes, if you want to trade securities through your holding company.

Yes, if you want to trade securities through your operating company. Otherwise an LEI code is not required.

LEI codes are issued by accredited Local Operating Units (LOU), which are GLEIF-approved organizations. LOU’s have the mandate to create, modify and renew LEI codes. All created LEI codes are stored in an open database at GLEIF.

It depends on whether you need to create, renew, or move an LEI code. You can see our prices here.

It usually takes between 1-2 business days to get an LEI code. If you need to get your LEI code fast, you can choose our Premium LEI registration. Our specialists handle the entire process and we can usually deliver the LEI code the same day. In some cases it may take 1-3 business days.

The global LEI registry (GLEIF) updates their LEI numbers once per day at 13.00 CET. Some banks and brokers require that the LEI number be verified in the registry before they allow their clients to trade. This means that some customers upon receiving a valid LEI number from us may not be allowed to trade securities by their bank or brokerage until the following day after 13:00.

You must provide your business registry number as well as any information about the owner structure. In some cases, we can obtain this information from your business registry number but in some cases some clarifying questions are required.

Yes, you can. Please contact us if you need to register several LEI codes at once. If the entities already have an LEI, but you want to use our service, please send us an e-mail and we can transfer them to our management. If you have any questions, please send us an e-mail or contact us by phone.info@globalfinreg.com. Phone: +45 7734 1719

Our system automatically retrieves your information from your local business registry, but in some cases, you may be asked to add additional information about the structure of the company ownership. Once your LEI-number is approved and issued, you’ll receive an e-mail with your new and ready to use LEI-number. We always strive to minimize the process and the delivery time is normally 1-2 business days and within 1-48 hours for Premium Application.