Easy application, same day LEI delivery.

Current average processing time is 1 hour and 15 minutes.

*This applies from the moment the payment is made, in case the applicant is a legal representative of the company according to Companies House and if there is no level 2 (parent entity) data provided. If Level 2 data is added data validation can take up to 48 hours.

1. Prices starting from £55 per year or £9.90 per month

NO HIDDEN FEES / CHOOSE BETWEEN YEARLY OR MONTHLY PAYMENTS

In case of a monthly payment you will receive an LEI that is valid until the end of the next month. By keeping the subscription active the next renewal date will be pushed one month forward with each monthly payment. In case of a yearly payment you will receive an LEI that is valid a year since the date it is issued. The LEI can be renewed for a yearly fee thereafter.

2. Same day LEI delivery.

Your LEI will be delivered within 10 minutes to 3 hours.

Application processing time can take longer if: 1. The applicant is not the legal representative of the company and does not provide a valid letter of authorisation within the given time frame. 2. The data provided in the application is incorrect and receiving required information takes longer. 3. In case level 2 (parent entity) data is provided. Validating level 2 data can take up to 48 hours.

3. Complete application in 2 minutes. No account registration.

Company data autofill from Companies House.

To provide an easy registration process and best possible data quality we gather the data from Companies House automatically.

Apply for an LEI

We support UK companies registered with Companies House

95.75%
Acceptance rate
45607
Applications processed
941
Applications received in the last 7 days

Why choose FastLEI?

  • Receive your LEI number in minutes. Automated application processing time from 10 minutes to 3 hours.*
  • Simple and hassle-free application process. Submitting an application takes no more than 2 minutes.
  • Fair and simple pricing.
  • Multiyear packages or monthly subscription. Keeps your LEI always active.
  • Automated application - fastest Legal Entity Identifier service - Get your LEI number as fast as 10 minutes*

*After the payment haas been submitted and if the applicant is the legal representative of the company according to Companies House.

How much does the LEI cost?

  • Yearly packages starting from £55* per year (5-year LEI) See full price list below. 
  • Or a monthly subscription for £9.90* - with each renewal the next renewal date is pushed 1 month to the future. LEI that will never lapse.
  • GLEIF surcharge is (£9) included in our prices. No additional costs.

*VAT will be added if applicable

CLICK HERE TO SEE FULL PRICE LIST BELOW

LEI Number Structure Explained

Legal Entity Identifier number is based on the  ISO 17442 standard. It consists of 20 digits.

Legal Entity Identifier / LEI number structure

1-4

Identification for the LEI issuer (LOU - Local Operating Unit)

7-18

Unique characters for the entity - assigned by LEI issuer according to transparent, sound and robust allocation policies.

5-6

Always have a value of 0

19-20

Check digits as described in the ISO 17442 standard

How much does the LEI cost

or sign up for a monthly subscription

Great option if an LEI is needed for a short period

What is an LEI number

Legal Entity Identifier - LEI

  • Global legal entity identifier number in a standardised form.
  • Translates local business or tax registration number into one single global standard.
  • Public database that is accessible for free to interested parties.
  • Unique identifier for an entity.
  • Governed by the GLEIF - Global Legal Entity Identifier Foundation.
  • Endorsed by G20 countries.

About FastLEI

FastLEI is the first fully automated short term LEI service provider. FastLEI cooperates with the GLEIF accredited LEI issuer RapidLEI and is a  service of LEI Register.

Contact us from info@fast-lei.com

FAQs REGARDING LEGAL ENTITY IDENTIFIER

What is the Legal Entity Identifier?

The Legal Entity Identifier is a unique, 20-digit code associated with a single legal entity in accordance with the ISO 17442 standard. The LEI is a reference data tool to standardize how a counterparty is identified on financial transactions.

LEI number does not replace the national registry code of a company.

Why is the LEI necessary?

LEI is needed to identify legal entities that are counterparties to securities transactions and it is used for transaction reporting purposes.

The Legal Entity Identifier connects a legal entity to its key reference information (name, location, etc.). The LEI number enables identifying legal entities participating in global financial markets for various supervisory purposes.

The global LEI helps regulators better monitor and analyze threats to financial stability. It also helps companies improve their internal management of operational risks and reduce costs in collecting, cleaning, and aggregating data, and in reporting data to regulators.

 

How is the LEI code related to securities transactions?

Since 3 January 2018, Legal Entity Identifier numbers have been used in reporting the securities’ transactions of investment service providers to supervisory authorities for identifying customers that are legal entities.

The legal entities engaged in securities transactions must have a legal entity identifier (LEI) before making the transactions with certain securities.

LEI number is needed for making transactions with instruments traded on trading venue (shares, bonds and derivatives).

Who needs an LEI number?

Both corporations and funds involved in financial transactions need the LEI. LEI is an identification code designed to recognize all of the entities and funds involved in financial transactions worldwide. Therefore, all corporations and funds that participate in financial transactions require an LEI code.

Who issues LEI number?

LEI issuers – also referred to as Local Operating Units (LOUs) – supply registration, renewal and other services, and act as the primary interface for legal entities wishing to obtain an LEI.

Assistance in applying for an LEI number or number may be received from official and non-official registration agents.

What is an LOU?

An LOU or Local Operating Unit is an organisation that has been authorised by GLEIF to issue Legal Entity Identifier codes. LOUs work closely with registration agents, who help organisations apply for LEI codes. A list of LOUs can be found here.

What is GLEIF?

GLEIF is an international organisation which is responsible for the functioning of the LEI number system and for monitoring LEI code issuers. The headquarters of GLEIF are located in Basel, Switzerland.

Its mission is to simplify and accelerate business transactions by providing a 360ᵒ view of the marketplace and to spread the benefits of LEI’s by increasing the adoption in both the public and private sector.

The website of GLEIF can be found at www.gleif.org

Who is a registration agent?

A Registration Agent helps legal entities to access the network of LEI issuing organizations responsible for performing LEI issuance and related services. The Registration Agent’s role in the Global LEI System is directly connected to the LEI issuing organization. The Registration Agent may choose to partner with one or more LEI issuing organizations to ensure its clients’ needs for LEI services are met.

For a detailed overview of registration agents, see here.

FastLEI is an LEI registration agent.

What is FastLEI?

FastLEI is the first fully automated LEI service provider. FastLEI cooperates with the GLEIF accredited LEI issuer RapidLEI and is a service of LEI Register.

Is the subscription cancellation free of charge?

Yes, there are no fees conducted when a client decides to cancel the subscription.

 

Do investment service providers, such as banks, have the right to request an LEI number?

Investment service providers must request customers that are legal entities to provide all information which is necessary for submitting information about transactions to supervisory authorities. Such information includes Legal Entity Identifier number.

What happens if a customer does not provide an LEI number?

If a customer, who is a legal entity, does not provide the investment service provider with the necessary information, including an LEI number, for reporting a security transaction, the service provider will not be able to fulfil their legal reporting obligation. Consequently, the investment service provider may refuse to provide the service.

I have been issued an LEI number, but the bank says it is in inactive or invalid.

Banks and investment service providers verify the validity of LEI numbers from the GLEIF database. As GLEIF performs database updates once per day, the LEI number issued to you will be listed in the database on the following day from 14.00 CEST. For example, if your Legal Entity Identifier was issued today, it will be listed in the global database tomorrow from 14.00 (CEST).

Where can I check the validity of my LEI number?

The validity and information related to a Legal Entity Identifier number-code can be checked from the website of the umbrella association at www.gleif.org.

You can also check the validity of your LEI number by using our LEI search box.

Does each country have a distinct prefix for LEI numbers?

Legal Entity Identifier numbers are universal codes and are not tied to any specific country. Each LOU has its own identifier, which is contained in the first four numbers of the LEI code. LEI codes are valid worldwide regardless of the LOU that issued the code.

 

Why do I have to renew my LEI code?

An LEI code needs annual renewal. If the deadline has passed, your LEI will become inactive until renewed again. This renewal process is necessary to ensure the data in the Global LEI Pool is relevant and up to date. FastLEI offers monthly subscription based payment method in which after each transaction the company's data is automatically renewed. LEI number will never expire with FastLEI.

How long does the LEI number application process take?

FastLEI issues your Legal Entity Identifier number within 10 minutes to 3 hours

 

Is the LEI data publicly available?

Yes, the Legal Entity Identifier system is built on the principle of making the information publicly available. LEI-related company data (name, registry code, address, address of the principal office, country of registration, etc.) are accessible to everyone through the GLEIF website.

Any interested party can easily access and search the complete LEI data pool free of charge on the GLEIF website using the web-based LEI search tool developed by GLEIF.

Do I need to pay for a Legal Entity Identifier number?

You can either pay for a multi year plan or subscribe for a monthly renewal plan for  £9.90

With monthly plan you will be charged £9.90 on the date of your first purchase each month.

What happens if I do not have an LEI code or if it expires?

To fulfil their reporting obligation, investment service providers need their customers that are legal entities to have a valid Legal Entity Identifier code. Before carrying out any securities’ transactions, investment service providers verify the existence of a valid LEI code.