LEI (Legal Entity Identifier) is used globally to identify legal entities. It is a combination of 20 numbers and letters.
How to obtain an LEI?
- Choose an LEI provider. See section below.
- Register your details on the provider's website.
- Pay the charge for registration. The charge appears on the website of each individual LEI provider.
- The LEI provider approves your details.
- Please provide Danske Bank with your new LEI by sending it by email firstname.lastname@example.org.
- Renew your LEI every year.
Requesting a LEI is subject to a fee (approx. USD 120 or €100) and it can take up to a couple of weeks.
Overview of LEI providers
See a list of all LEI providers here.
There are no authorised issuers in Lithuania at present. As such, you will need to apply via the website of an issuer stated above by setting up a user profile and submitting the required data.
Frequently asked questions
What is an LEI?
LEI is short for Legal Entity Identifier and is a number that allows unique identification of investors across the EU. Everyone with a legal entity, such as a business with a CVR no., a sole proprietorship, an association or a foundation, must have an LEI from 2018 to be able to trade in securities or derivatives.
Why is an LEI necessary to be able to trade?
When it is possible to identify everyone trading in securities or derivatives in the EU, it is easier to monitor the market and prevent manipulation etc., and this makes the investment market more secure. If your business, association or foundation does not obtain an LEI by 3 January 2018 at the latest, it will no longer be possible for you to invest yourself or have Danske Bank invest on behalf of your business, association or foundation.
What happens if I do not buy an LEI by 3 January 2018 at the latest?
If you do not buy an LEI by 3 January 2018 at the latest, you may no longer trade in securities or derivatives.
Where do I buy an LEI and what does it cost?
It is easy to buy an LEI from any authorised provider, such as NordLEI at nordlei.org. An LEI costs about USD 120; EUR 100. Once you have bought the LEI, you must remember to renew it every year.
How does Danske Bank get my LEI?
Please provide Danske Bank with your new LEI by sending it by email email@example.com.
I already have an LEI for my business. Do I need to do anything?
No, you do not need to do anything. Just remember to renew your LEI every year.