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An LEI is used to identify companies active on financial markets. It is an alphanumeric code consisting of 20 digits.
An LEI delivers transparency and security of entity identification among financial parties, enabling traceability of the transactions.
Through GS1 Australia you can apply for a new LEI or transfer or renew an existing LEI.
Contact GS1 Australia about LEI
The LEI Code is structured in accordance with the ISO standard 17442 and has a 20 character alphanumeric format.
Sample Code: 1234 56 789101112131415161718 1920
1234: Four character prefix designating the LEI issuing agency - LOU (Local Operating Unit);
56: two-digit separation, temporarily reserved
789101112131415161718: twelve-digit identification of the legal entity
1920: two-digit checksum in accordance with the ISO 17442 standard
The issuing of an LEI is subject to strict regulations. Only organisations that have successfully passed the Global Legal Entity Identifier Foundation (GLEIF) accreditation process are entitled to issue LEIs.
Accredited issuers are called Local Operating Units (LOUs). GS1 AISBL is an accredited LOU. All requests for LEIs received by GS1 Australia are processed by GS1 AISBL. GS1 Australia acts as a Registration Agent of the GS1 AISBL, Local Operating Unit (LOU).
Register for an LEI
The Global Legal Entity Identifier Foundation (GLEIF) was established by the Financial Stability Board in June 2014.
The GLEIF is tasked to support the implementation and use of the Legal Entity Identifier (LEI). The foundation is backed and overseen by the LEI Regulatory Oversight Committee, representing public authorities from around the globe that have come together to jointly drive forward transparency within the global financial markets. GLEIF is headquartered in Basel, Switzerland.
The Global Legal Entity Identifier System (GLEIS) enables the clear, unambiguous identification of participants in financial transactions.
The basis of the system is ISO 17442. This standard defines the elements of clear legal identification of the relevant legal identities involved in a financial transaction.
An LEI data record consists of an ID and its associated data, known as a Legal Entity Record Data (LE-RD).
GLEIS was expanded in 2017 to include data with which connections with parent companies could be mapped.
If a legal entity which has a holding company wishes to apply for a LEI, the relevant data must be provided while applying which, in the simplest case, is the LEI of the holding company.
Further development of the Global Legal Entity Identifier System is carried out by the Global Legal Entity Identifier Foundation (GLEIF) in collaboration with the Local LOUs.
The Global LEI Foundation (GLEIF) is supervised by the LEI Regulatory Oversight Committee (LEI ROC).
Each LEI is associated with key data relating to the company and/or fund. This is stored in the GLEIF database.