Legal Entity Identifier (LEI) Services | Ireland | Apply

We are the pre-Local Operating Unit (pre-LOU) for LEIs in Ireland and can provide LEI services to entities from all countries recognised by the Regulatory Oversight Committee.

About LEI

What is an LEI?

The Legal Entity Identifier (LEI) is a 20-digit, alpha-numeric code, to uniquely identify legally distinct entities that engage in financial transactions.

Who needs to have an LEI?

The range of entities requiring LEI codes is broad and includes the following:

  • all entities listed on an exchange
  • all entities that issue equity, debt or other securities for other capital structures
  • all entities that trade stock or debt, investment vehicles constituted as corporate entities or collective investment agreements (including umbrella funds as well as funds under an umbrella structure, hedge funds, private equity funds, etc.)
  • all financial intermediaries
  • banks and finance companies

 

Please note you may be asked by your bank to apply for an LEI code.

 

What is the purpose of LEI?

  • The global LEI system (GLEIS) is part of the international response by regulatory authorities (including G20 and the Financial Stability Board) to the global financial crisis.
  • The LEI is designed to enable the identification and linking of parties to financial transactions in order to facilitate the management of counterparty risk.

How can an LEI help your business?

LEIs uniquely identify your business counterparties on a global basis which:

  • improves risk management.
  • increases operational efficiency.
  • enables more accurate calculation of exposures.
  • simplifies regulatory reporting.

LEI regulatory information

  • The ISE is endorsed by the Regulatory Oversight Committee (ROC) and sponsored by the Central Bank of Ireland as the pre-Local Operating Unit (pre-LOU) in Ireland. LOUs are authorised to provide LEI services to entities in countries recognised by ROC.
  • The Regulatory Oversight Committee (ROC) oversees the Global Legal Entity Identifier System (GLEIS). The Global LEI Foundation (GLEIF) was created to act in the public and private interest as the operational arm of the GLEIS.

Apply for new LEI(s)

How to apply

Register for free (if not already registered)

Once registered, login and complete the online submission form and attach relevant supporting documentation.

If you require 10 or more LEI codes choose the bulk option which allows you to save each submission as you go and get LEIs at a 33% discount.

Choose how you pay:

  • Pay as you go - Pay by credit card (using Realex) or PayPal at the time of submission.
  • Set up a prepaid or bulk account – this option requires an approved agreement with the ISE. Please contact finance@ise.ie for more information.

Submit your application for processing.

Once submitted, submission details are confirmed.

We will issue you with your LEI code(s) within 2-5 business days.* This may take longer for bulk applications.*

You can check the status of your LEI application by logging in to your account at any stage.

*Applications received later than the 30th November 2017 cannot be guaranteed receipt of an LEI by 3rd January 2018. 

The MiFID II and MiFIR deadline of 3rd January 2018 impacts normal  turnaround times of LEI applications already received prior to 30th November 2017 due to high  volumes. 

Apply Now!

What information is needed?

  • Legal entity name
  • Registered legal entity address
  • Business register number if applicable
  • Letter of authorisation if applying on behalf of a legal entity. If required, please email leirequests@ise.ie for a template letter.
  • If you are applying for an LEI for a fund you also need to include a prospectus and or supplement document.

Fees

New single application

€160 ex VAT

New bulk application (10+)

€107 ex VAT per LEI code

Renew LEI(s)

How to apply

Login to your account.

Complete the online renewal submission form for the applicable LEI code(s). Attach relevant supporting documentation for any changes.

If you are renewing 10 or more LEI codes choose the bulk option which allows you to save each submission as you go and get LEIs at a 33% discount.

Choose how you pay:

  • Pay as you go - Pay by credit card (using Realex) or PayPal at the time of submission.
  • Set up a prepaid or bulk account – this option requires an approved agreement with the ISE. Please contact finance@ise.ie for more information.

Submit your application for processing.

Once submitted, submission details are confirmed.

We will send you confirmation of your LEI(s) renewal within 2-5 business days*. This may take longer for bulk applications*.

You can check the status of your LEI renewal by logging in to your account at any stage. 

*Applications received later than the 30th November 2017 cannot be guaranteed receipt of an LEI by 3rd January 2018. 

The MiFID II and MiFIR deadline of 3rd January 2018 impacts normal  turnaround times of LEI applications already received prior to 30th November 2017 due to high  volumes. 

Apply Now!

Fees

Single LEI renewal

€110 ex VAT

Bulk renewal (10+)

€74 ex VAT   per LEI code

 

Update LEI(s)

Login to your ISEdirect account.

Complete the online update submission form for the applicable LEI code(s). Attach relevant supporting documentation for any changes.

Submit your application for processing.

There is no fee to update an LEI.

Once submitted your submission details are confirmed.

We will send you confirmation that your LEI(s) update has been processed within 2-5 business days*.

You can check the status of your LEI update by logging in to your account at any stage.

*Upcoming Regulatory deadlines will effect turnaround times due to high volumes of applications. e.g. The MiFID II and MiFIR deadline for the 3 January 2018 is imminent. Please apply as soon as possible to ensure trading is not interrupted on 3 January 2018. 

Porting LEI(s)

Register for free.

Once registered, login and complete the online port submission form for relevant LEI code(s).

If applying on behalf of a legal entity please attach letter of authorisation. If required, please email leirequests@ise.ie for a template letter

If you need to port 10 or more LEI codes the bulk option allows you to save each submission as you go.

There is no fee to port an LEI.

Submit your application for processing.

Once submitted your submission details are confirmed. This information will also be emailed to you.  

We will send you confirmation that your LEI(s) has been ported as soon as possible. This usually takes 5 business days but may take longer as we are dealing with other LOUs.

You can check the status of your LEI port by logging in to your account at any stag

MiFID II and MiFIR

What is MiFID II and MiFIR?

New EU Legalisation, MiFID II and MiFIR come into effect on 3 January 2018 and requires a wide range of entities to have an LEI code. In particular, certain investors will require an LEI code in order to be able to continue to buy and sell shares.  

Why do I need an LEI code under MiFID II?

Under the Markets in Financial Instruments Directive (MiFID) II, banks and investment firms are required to identify their clients using an LEI code for regulatory reporting purposes and will not be able to trade on behalf of a client or with a counterparty who is eligible for an LEI and does not have one. The importance of LEI for MiFID II/MiFIR compliance was recently highlighted by the European Securities and Markets Authority (ESMA). 

GLEIF, established by the International Financial Stability Board, governs the use of LEIs and provides:

Where relevant, an investor should seek advice from the firm's compliance officer and/or their financial advisor as to whether or not an LEI code is required to continue trading.

FAQs

How do I challenge LEI data quality?

  • Find the LEI record on ISEdirect and view full details.
  • Submit the application through the challenge function button.

The contact for our LEI has left the company. What do I do?

Please contact leirequests@ise.ie

What does my LEI registration status mean?

LEI Status

Description

Pending Validation

An application for an LEI that has been submitted and which is being processed and validated.

Issued

An LEI Registration that has been validated and issued, and which identifies an entity that was an operating Legal Entity as of the last update.

Duplicate

An LEI Registration that has been determined to be a duplicate registration of the same Legal Entity as another LEI Registration; the DUPLICATE status is assigned to the nonsurviving registration (i.e., the LEI that should no longer be used). Only one of the potential multiple identifiers will survive.

Lapsed

An LEI registration that has not been renewed and has exceeded any allowed grace period for renewal.

Merged

An LEI registration for an entity that has been merged into another Legal Entity, such that this Legal Entity no longer exists as an operating entity.

Retired

An LEI registration for an entity that has ceased operation, without having been merged into another entity.

Annulled

An LEI registration that was marked as erroneous or invalid after it was issued.

Transferred

An LEI registration that has been transferred to a different LOU as the managing LOU. A record in this state is not published, but may be used internally by the prior LOU for audit trail purposes.

Pending Transfer

An LEI registration that has been requested to be transferred to another LOU. The request is being processed at the sending LOU. When the receiving LOU is ready, the status will be changed to PENDINGARCHIVAL by the sending LOU prior to completion of the transfer.

Pending Archival

An LEI registration is about to be transferred to a different LOU, after which its registration status will revert to a non-pending status. The PENDINGARCHIVAL status serves to inform recipients of LOU-provided data files that an LEI record will be removed from that LOU’s published file after the transfer is complete.

I registered on ISEdirect but have not received an account activation email

An account activation email will be immediately sent to the email address which you registered. In some cases, your email account may be configured to block certain emails or mark them as spam.

If the activation email is in your spam folder, please ensure that you mark as Not spam in order to ensure that any further emails from ISEdirect are received to your inbox.

For more information on your email configuration, you may need to contact your IT Service Provider or IT department.

 

Step 2: Identify LEI Owner. What is required here?

What is it?

As of May 2017 the ISE is now required to collect information on the LEI entity’s direct and ultimate parents in order to answer the question of “who owns whom”. The current definitions of the direct and ultimate parent are the accounting consolidating parents of the LEI entity:

  • Direct Parent: the lowest level legal entity that prepares consolidated financial statements that consolidate the LEI child entity
  • Ultimate Parent: the highest level legal entity preparing consolidated financial statements that consolidate the LEI child entity

This information is being collected so that eventually a unique and free data source will be available that connects the corporate dots globally through open, standardised, and high quality LEI data. For more detailed information on the definition of Parent Relationship being used, please visit the Regulatory Oversight Committee (ROC) and the Global Legal Entity Identifier Foundation (GLEIF).

What are the requirements?

If you are able to provide this information it will be collected as part of your New, Renewal, Update or Port ISEdirect application. You will be asked to “Identify the LEI Owner”.

The required information is similar to that provided for the child LEI entity:

  • Legal name
  • Company registration number
  • Legal address
  • Headquarters address

If you provide parent information you will also be asked to attach documentation to confirm the accounting consolidating relationship.

What if I cannot provide the information?

If you cannot provide the parent information (for example, if the entity has no parent or if there are legal obstacles to providing the information), you may “Opt-Out” of one or both parent relationships by selecting one of the following:

Opt-Out Reason

Description

No LEI

The parent does not consent to have an LEI, or the relationship is not yet known, or a relationship is not yet defined due to the absence of a parental LEI.

Natural Persons

There is no parent according to the definition used, because the entity is controlled by natural person(s) without any intermediate legal entity meeting the definition of accounting consolidating parent.

Non Consolidating

There is no parent according to the definition used, because the entity is controlled by legal entities not subject to preparing consolidated financial statements.

No Known Person

There is no parent according to the definition used, because there is no known person controlling the entity (e.g., diversified shareholding).

Legal Obstacles

Obstacles in the laws or regulations of a jurisdiction prevent providing or publishing this information.

Consent Not Obtained

The consent of the parent was necessary under the applicable legal framework and the parent did not consent or could not be contacted.

Binding Legal Commitments

Binding legal commitments (other than the laws or regulations of a jurisdiction), such as articles governing the legal entity or a contract, prevent providing or publishing this information.

Detriment Not Excluded

The child entity has sought to consult the parent entity about the reporting of the parent information but could not  confirm the absence of detriment in a way that can appropriately prevent liability risks for the child entity.

Disclosure Detrimental

The disclosure of this information would be detrimental to the legal entity or the relevant parent. This will include reasons generally accepted by public authorities in similar circumstances, based on a declaration by the entity.

Terms and Conditions