Legal Entity Identifiers
Any company that engages in financial transactions can be required to file for a 20-character reference code that uniquely identifies a legally distinct entity that engages in financial market activities. This reference code is often referred to as one of the following:
- global Legal Entity Identifier (LEI)
- Legal Entity Identifier (LEI)
Laws, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act, require companies to file for and renew these filings annually.
Who should file an LEI registration?
Any company that engages in financial transactions may need a global LEI. This could include larger companies with their own treasury operations, financial companies, and law firms working with financial firms, including REITs, insurance companies, and banks. These groups need to register, maintain, and renew their entities’ global LEIs. Corporation Service Company® (CSC®) can manage your LEI registration requirements for you.
LEI renewal obligations
If your corporation or law firm is tasked with filing and renewing an LEI, you run the risk of lapsed filings around renewal time if you don’t have a solid system in place to manage them. CSC can register, maintain, and renew your or your clients’ LEI portfolios, providing you with fully integrated compliance management and simplifying your LEI renewal obligations.
Advantages of working with CSC
With CSC, you’ll never have to worry about who is handling your filings or when they are due for renewal. CSC can assist with your required global LEI filings and annual renewals, just as we do with other entity filings. And we can provide you full transparency through our award-winning CSC Entity ManagementSM solution and its powerful Compliance Calendar. For annual renewals, a global project coordinator will contact you 30 days in advance of the renewal to verify that the global LEI is still required and that the entity details are unchanged, and make any necessary amendments to the entity record at that time. If you experience a merger, name change, or address change, CSC can update your records to reflect it.
The CSC difference
CSC can assist your law firm or corporation as needed with the detailed filings required when tracking renewal dates, confirming renewal details, and amending filings. As a legal services company, this is what we do best.
Contact us today about global LEI services
If you’d like more information about global LEI services from CSC, complete the brief form to the right. Once the form is submitted, a CSC specialist will be in contact with you to answer any questions you have.