A growing number of financial market participants need legal entity identification to fulfil regulatory requirements. While several proprietary solutions have been in place in recent years, no standardized solution was available—until now.
Today, a Legal Entity Identifier (LEI) provides global standardized legal entity identification. An LEI is used to create transparency for financial organizations, particularly in the derivatives markets.
In many jurisdictions around the world, public authorities rely on the LEI to:
As a standards adjudicator, GS1 Canada supports GS1 global standards as well as other standards bodies that facilitate multiple business processes. LEIs are an important component of traceability that allows for the fulsome approach to enabling the visibility and transparency of the financial services supply chain.
A complete LEI service to meet global regulatory requirements; register for your LEI in three easy steps:
Register and create an account in the LEI.direct portal, where you can apply for one or more LEIs. Apply for one or more LEIs or manage your existing LEIs.
Once you have registered and logged into your user account, you can complete your LEI application. Instructions, along with a complete step-by-step guide, are available in the FAQ/Downloads section.
Once your application has been validated by the GS1 validation team, you will be assigned an LEI and it will be published to the LEI.direct portal. Please note that the standard LEI fulfillment averages 48 – 72 hours, depending on the completeness and accuracy of data supplied at the time of registration for an LEI.*