MiFID regulation | MiFID II LEI
MiFID is the Markets in Financial Instruments Directive. Applicable across the European Union since November 2007. Being a cornerstone of the European Union's regulation of financial markets looking to improve their competitiveness by generating a single market for investment services and activities, and to guarantee a high degree of systematised protection for investors in financial instruments. Continue reading...
vLEI
vLEI will give legal entities, government organisations and organisations worldwide the ability to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives in their business activities. Continue reading...
GLEIF | Global Legal Entity Identifier Foundation
GLEIF is uniquely positioned in the entity identification market, agnostic to any particular political and/or commercial interests. The foundations' overhaul is to ensure the operational integrity of the Global LEI System. GLEIF is the one behind continuous improvement of the information available within, and the quality of, the LEI data pool. Continue reading...
Company Autocomplete by LEI Register
The newest addition for optimising user experience being an autocomplete plugin. “Company Autocomplete by LEI Register” is open source software, by enabling this plugin it'll add an autocomplete function to the company name field in your standard Woocommerce checkout form. Continue reading...
Open LEI
Before the widespread adoption of the open LEI system, there were many inefficient, predominantly proprietary identifiers that, more often than not, provided false or outdated information. These shortcomings were a severe problem, particularly in financial markets, where the regulators, banks or other market participants were unable to access valid information about their counterparties. Continue reading...
European Market Infrastructure Regulation | EMIR
European Market Infrastructure Regulation (EMIR) is a European Union regulation for over-the-counter (OTC) derivatives, central counterparties as well as trade repositories first introduced by the EU in 2012 in fulfilment of their commitment at the G20 summit, an international forum for the governments and central bank governors of the European Union and 19 other countries promoting international financial stability. Continue reading...
What is an LEI database?
LEI database has greatly simplified dealing with international clients as there's no need for a time-consuming background check where previously the only information being relied upon was the company's own internet presence and local registry listings; often leading to hours of translating and web browsing with little confidence of the authenticity. Continue reading...
No LEI Login Required with LEI Register
Registering an LEI with LEI Register is fast and easy, as you don't need to create an account with us. With no LEI login required, you can do what you need to do, without having to re-enter your login details every time you use our service. Continue reading...
LEI Finder For Legal Entities
An LEI finder is a great way to check on your legal entity data. Since the information is public, anyone can search for your company with an LEI lookup tool before doing business with you or if they want to check your child and parent information. If there is outdated or missing data, then an LEI finder will help you reveal those problems so that you can fix them. Continue reading...
LEI Application – Apply For An LEI Online
Applying for an LEI is a simple and straightforward process. With a reputable service such as LEI Register, an LEI application can take as little as three hours to process, after which you’ll receive your LEI and your information will be added to the global LEI database for anyone to search. Continue reading...
LEI Checker – Search Your LEI Online
An LEI checker is the easiest way to make sure your LEI code is valid. Anyone can use them to find all the information provided by their own LEI code or to get information about another entity. Read our guide to find out how to use an LEI checker to use the information the codes contain to your benefit. Continue reading...
Who Needs An LEI Number?
Who needs an LEI number? LEI is needed by legal entities who take part in financial transactions and who wish to trade in financial markets, such as buying stocks, bonds or other securities. There are also many regulations (dependant on jurisdictions) that require to obtain an LEI. Continue reading...
LEI Lookup for UK Companies
In the event that you need to search for the information within a Legal Entity Identifier (LEI), an LEI lookup tool makes it simple for anyone to reveal details such as the country, entity status and legal name of a company. This is useful for validating an LEI number or ensuring that the information held in the entity has been updated. Continue reading...
LEI for Trusts
A Legal Entity Identifier (LEI) is a unique reference code that is required by all legal entities. LEI data is available from a single database that helps to improve global entity identification. This includes companies, charities and also trusts. Without an LEI, an entity will not be able to trade on financial markets in the United Kingdom as the London Stock Exchange requires all legal entities to obtain an LEI. Continue reading...
Legal Entity Identifiers in Cryptocurrency
As cryptocurrency and the blockchain continues to get more press and more market spending, there are questions to answer about identity verification. Could Legal Entity Identifiers be the answer to some of those questions? Continue reading...
Legal Entity Identifiers in KYC
KYC is a process of understanding who you do business with and assessing their suitability or risk to your organisation. Banks, insurers, creditors and more are increasingly demanding (thanks to the global drive in KYC regulation) that customers provide due diligence information to ensure they are who they say they are. Continue reading...
Trading and Investing For Beginners: Should I Trade Through a Business Entity or as a Sole Trader?
If you’ve decided to get into trade or investment in the UK and you’re struggling to figure out how to get set-up, this article provides a good outline of the differences between a business entity account and a sole trader account to help you decide where to get started. Continue reading...
Digital Identity Predictions for 2020
A national identity scheme tell us a lot about the state that creates it. Schemes come in many forms with the government taking many roles from identity issuer to regulator. What does 2020 have in store for digital identity? Here’s some of our predictions. Continue reading...
The Future of Cybersecurity – Deloitte
Deloitte publishes its “Future of Cyber Survey” after surveying over 500 C-suite executives with responsibility of cybersecurity in organisations that make at least $500 million in annual revenue. We will review and summarise some of the findings of the survey in this blog. Continue reading...
How to Open a Business Bank Account in the UK
Learn how to open a business bank account in the UK. Business banking is just a simple way to manage your business finances, expenses and claims to HMRC. The easier the better when it comes to paying fair taxes and that’s why the UK has a range of offers on the market for businesses who want to open an account in the UK. Continue reading...
Setting up a Limited Company in the UK
This article describes thoroughly how to set up a limited company in UK. We have combined information from various sources to make it as informative as possible. Please find the necessary topics from the table of contents. Continue reading...
Legal Entity Identifiers in Digital Certificates
Digital certificates are hugely important in encrypting the internet. Whether it’s for encrypting a website and adding the ‘S’ to HTTPS or it’s encrypting and signing a digital document like a PDF, digital certificates are everywhere. Up until now, they have solved some great security challenges on the internet by encrypting networks and communication channels. However, as we know, encryption is not always enough. Continue reading...
Broad Adoption of LEIs Could Save The Global Banking Sector US $2-4 Billion
The banking industry could save between US $2-4 billion in client onboarding and if more widely adopted they could help the banking industry save between 5-10% globally. This represents a total figure of around $40 billion USD. Continue reading...
Legal Entity Identifiers for Government Entities
The LEI ROC is looking to create a new item called “general government entities” which could be filled out separately and help to clarify, if there is no parent entity, at least what industry these entities belong to. Continue reading...
The European Market Infrastructure Regulation (EMIR) and Legal Entity Identifiers (LEIs)
The EMIR regulation has mandated EU trade repositories, starting on November the 1st 2017, to reject trade reports without a Legal Entity Identifier or LEI, regardless of whether the reports pertain to EU or non-EU market participants. Continue reading...
The FCA Will Take Pragmatic Approach to Supervising Reporting on Brexit Day
Uncertainty in business is still a huge topic as the UK prepares to leave the EU on the 31st October and the Financial Conduct Authority or FCA has published an ‘expectations for firms on Brexit’ article to ease some organisational worries. Continue reading...
Adoption of LEI in Payment Messages by the Payments Market Practice Group (PMPG)
In September, the Payments Market Practice Group or PMPG was set up by SWIFT to bring together payment industry practitioners and define market best practice. They published a paper on the Adoption of LEI in September 2019 and we have decided to bring a short summary of the main points in this post. Continue reading...
RegTech London – Event Summary
RegTech took place on 3rd October 2019 in St Paul’s London. The event was aimed at exploring how the financial services industry can leverage technology to innovate, cut costs and support regulatory change. St Paul’s saw a culmination of start-ups, technology providers, financial institutions, regulators and practitioners for a day of networking, seminars and collaboration. Continue reading...
How to Obtain a Legal Entity Identifier Number in UK?
Obtaining a Legal Entity Identifier (LEI) is easy. Simply follow the steps described below and your LEI number will be sent to you within 1-24 hours. Continue reading...
What is LEI-Search?
LEI-search.info offers the most important information when it comes to Legal Entity Identifier providers. Potential customers can easily find the most suitable LEI code provider based on the LEI code’s price, LEI code’s average processing time, payment methods or the website language. The Legal Entity Identifier’s table is sortable by registration price, renewal price or by the average processing time. Continue reading...
LEI Register launch free Legal Entity Identifier promotion and introduce new LEI subscription service – FastLEI
Tallinn, Estonia. May 7, 2019 – LEI Register, a leader in the provision and management of Legal Entity Identifiers (LEIs), today announced the launch of its new FastLEI service to introduce subscription business model advantages to organisations using LEIs. Available for the first time in the LEI industry, subscription advantages include free initial LEI creation periods, automated ongoing data accuracy checks, and predictable recurring monthly fees. Continue reading...
LEI Register and RapidLEI Announce Official Partnership
London, UK and Tallinn, Estonia. January 10, 2019 - LEI Register, a leader in the provision and management of Legal Entity Identifiers (LEIs), and RapidLEI, a fully accredited LEI issuer specialising in the automation of the LEI issuance process, today announced a partnership. LEI Register will offer LEIs issued by RapidLEI, to make the registration of LEIs faster and more accurate for their global customers. Continue reading...