If you want the market's best LEI code service from a company with reliable data quality, then you should move your LEI code to Global FinReg. Our platform is used by over 18,000 companies, associations, and foundations, and is the preferred platform for handling LEI codes in Denmark. We are recommended by leading banks and asset managers because of our superior service and high data quality. They know that the safety of our customers is our number one priority.
Benefits of transferring one or more LEI codes to Global FinReg
If you transfer your LEI code to Global FinReg, we will handle all the practicalities for you. This means that we maintain and update your data, ensure that your LEI code is renewed on time, and notify you if there are any legal changes regarding your LEI code. You no longer need to worry about whether your LEI code is valid and active.
If you change your company name or address, or if the ownership structure of your company changes, we will ensure that your LEI code is updated without you having to do anything. When you move an LEI code to our platform, it will be validated by one of our specialists free of charge. This means that we will go through your data again and make sure that everything is correctly registered in GLEIF. This is your guarantee that you will not experience any disruptions due to an incorrect registration.
When your LEI code has been moved, your data is validated and reported to the global LEI register, GLEIF, you can manage your LEI code from “Dashboard” on our website. If your LEI code has expired or is about to expire, we can renew it for you in connection with the move.
How to move an LEI code
Moving your LEI code to our platform is easy. It simply requires you to fill out a short form with your LEI code or your company name, as well as your telephone number. Our system automatically retrieves the registered data from GLEIF via your LEI code.
If we discover that your data is incorrect in the information from GLEIF, we will make sure to correct it. Your data will always be 100% correct when the transfer of your LEI code has been completed.
Who can move an LEI code?
To move an LEI code for a legal entity, you must meet one of the following requirements:
- You must be the owner of the legal entity, or be listed in the CVR register
- You must have a power of attorney from the owner, a member of the executive board, or a member of the board of directors to act on behalf of the legal entity. Such permission is typically granted to one of the following persons:
- Employees of the company
- Asset managers, advisers, accountants, etc.
Can you move all LEI codes?
You can move all active LEI codes. In addition to having the necessary authorization to be able to move the LEI code, the legal entity must also be active. This means that you cannot move an LEI code if the entity has ceased to exist and is no longer active. If, on the other hand, a company is in liquidation, it is still active. It is also possible to have an LEI for a company that is reopened temporarily if you have some unfinished activities that require a valid LEI code.
You can read more at the UK Business Authority by clicking here.
How long does it take to move an LEI Code?
It typically takes 3-5 business days to move an LEI code from one provider to another. It is possible to speed up the process by contacting your current provider by sending an email with the LEI code and a request for quick processing of the transfer.
Your current provider has 3 days to object to the move, and they can only do so with the permission of their current contact person or a person named in the business registry. If there are no objections, in most cases, the move will be completed within 3-5 working days.
What is the difference between transferring and moving an LEI code?
There is no difference between moving and transferring an LEI code. It is exactly the same service. In practice, the rights are transferred to those who must report changes to GLEIF. Changes refer to changes made to the company name and address, as well as changes regarding the ownership structure of the legal entity. In addition, it also gives the authorization to be able to extend the validity of the LEI code. Only the provider with whom you have your LEI code can report this information.
If you choose to have your LEI code registered with Global FinReg, you can be certain that your LEI code is always valid and up-to-date. You can also be sure that a third party does not suddenly change your data.
Moving your LEI code to us is free of charge
Moving your LEI code to our platform is free of charge. This is regardless of whether we have to correct your data, and regardless of whether you move several LEI codes to us.
We believe that a good and longstanding customer relationship starts with trust. We want to offer you a good start with proper data validation. This way, you can be sure that your LEI is registered properly.