Legal Entity Identifiers for Funds & Trusts
Legal Entity Identifiers for Funds & Trusts If you are are currently managing or own a fund or a trust, you will more than likely be required to obtain a Legal Entity Identifier (LEI). A Legal Entity Identifier (LEI) is a 20 digit code that is unique to a legal entity and provides basic information about the […]
Launch of new LEI Search API
New LEI Finder released to reduce LEI Lapsed Rates LEI Worldwide have released a new LEI Search tool which allows you to navigate the LEI index, access the global LEI database and find any Legal Entity Identifier in real time. The Securities Lending Times recently spoke with Director at LEI Worldwide about the development and the […]
J.P Morgan becomes first LEI Validation agent
J.P Morgan has become the first validation agent in the Global LEI system. The validation agent framework which was introduced in September 2020 by The Global Legal Entity Identifier Foundation (GLEIF) in order to increase LEI adoption by accelerating client lifecycle management and reduce LEI registration costs by using existing KYC and AML techniques to […]
Introduction to the Legal Entity Identifier (LEI)
Introduction to the Legal Entity Identifier (LEI) This post provides a brief educational overview of the LEI, its origins, current usage and future speculations. The LEI is currently being adopted globally and quickly becoming the single most important identifier in the global financial ecosystem. The LEI has far reaching benefits, not only increasing transparency in […]
Industry & Regulatory Updates – June 2020
Need for security During the COVID-19 pandemic we have seen a number of developments within the LEI and identity industry. Firstly, the importance of the industry has not only been increased, but the comprehensive need for a more secure digital identity became more apparent. Fraud cases have risen exponentially since the beginning of March. Online […]
How to get an LEI for a UK Company
If you are transacting in the global financial system, you will more than likely be required to obtain a Legal Entity Identifier (LEI). Applying for an LEI number is simple, and can be completed in a matter of minutes regardless of the entity type. Having an LEI is recommended especially in the UK due to the ongoing […]
How to efficiently manage large volumes of LEI Data
Struggling to manage and match in-house data with LEI data? Legal Entity Identifier reporting can become rigorous and time consuming when dealing with thousands or even hundreds of thousands of entities. Matching in house entity data with their corresponding LEIs is disproportionately time consuming, risky and cost-inefficient. LEI reporting is currently regulated and checked globally. […]
How LEI adoption can Benefit the Shipping Industry
The Bank of International Settlements (BIS) compare the standardization power of the LEI to that of the standardization of the shipping container and the economic advantages that came with it. The paper written by Francis Gross alludes to the fact that making basic micro-data freely available on participants in a marketplace would have huge benefits […]
5 Tips to get LEIs issued – Instantly!
Need an LEI in a hurry? Compliance can be tricky in todays financial ecosystem. There is a lot of boxes to be ticked, lines to be crossed and things can often get left to the last minute. At LEI Worldwide, we understand that. We understand the pressure companies are placed under to acquire LEI numbers […]
EU Commission propose new AML/CFT Regulations featuring the LEI System
The European Commission have announced a long-awaited AML Package and new regulatory body to govern its implementation and compliance. The Legal Entity Identifier is chosen as a trusted means to identify counterparties to transactions. The European Commission have announced the long-awaited AML Package and new regulatory body to govern its implementation and compliance. The package […]
