Securities and MiFID II
Investment firms use LEIs to identify legal-entity clients in transaction reporting. Your broker can confirm whether a planned trade requires one.
Who it is for
Who needs an LEI code?
Legal entities need an LEI when financial rules or a bank, broker or other counterparty requires one. Individuals acting in their own name generally do not.
MiFID II
EMIR
Banks
DORA
MiCA
Derivatives and EMIR
Legal-entity counterparties are identified by LEI in derivative reporting. A Lapsed record may not meet a counterparty’s requirements.
Banking and treasury
Banks may ask for an LEI during corporate onboarding, lending, treasury services or certain payment processes.
Funds, issuers and SPVs
A fund, issuer, SPV or subsidiary may require its own LEI. Another group company’s code does not identify it.
Financial-sector suppliers
Financial institutions may request LEIs from third-party providers for consistent identification in their records.
Crypto-asset businesses
An LEI may be used in licensing, reporting or counterparty records under applicable crypto-asset rules.
Not sure whether the entity already has a code? Search the GLEIF index by legal name before applying. Your bank, broker or adviser can confirm whether you are required to obtain one.