LEI Registration in Nungambakkam - Filingpoint


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The Global Legal Entity Identifier Foundation (GLEIF) manages a network of partners, the Local Operating Units (LOUs), to supply registration, renewal and other services. Each LOU is accredited by GLEIF to validate and certify reference data, and acts as the primary interface for legal entities wishing to obtain an LEI.

Each LEI is associated with a set of reference data, which the LOU checks against public official sources and private legal documents. This process, along with the requirement for a yearly verification, explains the delay between an LEI request and its publication. The fees charged by LOUs for LEI issuance and maintenance are intended to cover costs and encourage competition in the system. A portion of these fees is also shared with GLEIF to support the non-profit Global LEI Foundation.

Financial regulators around the world are adopting rules requiring or encouraging the use of LEIs in regulatory filings and reporting. In addition, companies in many markets are establishing internal processes that use LEIs to improve data quality and consistency across business lines, regions and time zones. The adoption of the global LEI will help the industry cut costs and mitigate risks by making it easier for market participants to understand, compare and analyze data.

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