Request new LEI
Applying for an LEI is not a trivial matter.
Indeed this LEI (Legal Entity Identifier) will serve as a unique identifier in order to facilitate the unambiguous identification of your legal entity (company, funds, etc.) in its financial transactions.
As of January 2018, LEIs are mandatory for all companies wishing to continue trading in listed financial instruments.
Insee, manager of the national Sirene business directory, allows you to obtain an LEI in a simple and secure way in 3 main steps.
The 3 main steps of LEI application
You request the attachment of the entity to your personal space.
All you need to do is provide your siren (the ISIN or the AMF approval code for a fund).
We automatically and securely retrieve all the information relating to your entity directly from the Sirene Directory (or data provided to us by the AMF in the case of a fund).
You confirm this connection using a code that will be sent to you.
In the event of a request on behalf of a company, you will be asked to provide a mandate proving that you are authorized to manage the LEI on behalf of this company (download the mandate to be fulfilled ).
In the case of a fund attachment request, it suffices to indicate an ISIN, an authorization code or the Siren of the management company.
You inform the financial relations of your entity before paying for the certification of your LEI by credit card or transfer.
This information is legally required by Gleif and is essential for the validity of your LEI. A simple questionnaire will guide you step by step. We will then help you verify the accuracy of your financial relationships to ensure the validity of your LEI.
If you cannot provide information on your financial relationships, you can also choose an exception among the grounds for exemption authorized by Gleif (question 19, “If the company has no parent”).
As soon as the financial relationships are completed, you can proceed to payment and obtain your LEI.
Following a payment by card, an invoice containing your LEI number and its validity dates is sent to you by email the same evening while your LEI is published on the Gleif website during its daily update the next day.
Payment by bank transfer will take a few days.
How do I know if an LEI has been assigned to my entity?
Data relating to assigned LEIs are public and free on the Gleif site .
If you do not know if an LEI has already been assigned to your company or to the entity for which you want an LEI, you can refer to this site and do a search by filling in the name of your company or any other entity concerned by the LEI (fund, association, etc.)
The publication of the LEI on our site gives it its validity, it is definitive and can therefore be used for European and American reports.
Applying for LEIs on behalf of third parties
The LEI France site offers you the possibility of centralizing the LEI requests and management of your partner or client companies.
For this, you must have a personal space on our site, then make your LEI requests.
You can then send us a mandate ( Download the model mandate.) for each company by mentioning your name in the "agent" part, authorizing you to manage the LEI on behalf of this company.
This mandate must be returned to us, duly dated, stamped and signed by a company official. The information appearing there (representative) must be similar to that provided in your personal space.
In the event that the company has not set up a stamp, you will kindly include the name and signature of an officer and attach us an extract from Kbis on mentioning. If you are on the Kbis yourself, you do not need to attach the money order, but only the Kbis.
We can then send you the confirmation codes directly by email, you allowing to finalize LEI requests on our platform.
It is also possible in this context to personalize the delivery address mentioned on invoices.
This functionality offered by the LEI-France site is close to the concept of registration agent defined by GLEIF in order to further streamline the issuance of LEIs. The registrar helps companies access the network of LOUs (LEI Issuing Organizations) responsible for LEI assignment and related services. For more information on this concept you can consult the page https://www.gleif.org/fr/about-lei/how-to-get-an-lei-find-lei-issuing-organizations/registration-agents.
Declaration of financial relationships and «Level 2» data
In 2017, GLEIF implemented a process to improve the Legal Entity Identifier (LEI) database, which now includes the collection of so-called “Level 2” data to meet the question who belongs to whom. Specifically, legal entities and investment funds that renew or acquire an LEI must now declare their direct accounting consolidation parent as well as their ultimate accounting consolidation parent.
For more information on the collection and use of “Level 2” data, you can visit the GLEIF website: https://www.gleif.org/fr/lei-data/access-and-use-lei-data/level-2-data-who-owns-whom .
GLEIF regulations require legal entities to provide information about their direct parent and ultimate parent for validation of their LEI.
If an entity has no direct and / or ultimate parent consolidation, or does not wish to disclose this information, it must choose one of the exceptions (cf. What are the exceptions to the financial relations? ).
To find out more about the expected data on financial relations, you can consult the dedicated page on the GLEIF website: https://www.gleif.org/fr/about-lei/common-data-file-format/relationship-record-cdf-format.
How do I report the financial relationships of my entity?
Direct parent and ultimate parent
The direct parent of an entity is a company that consolidates more than 50% of the accounts of the child entity.
The direct parent directly consolidates the accounts of the child entity. A company cannot be its own direct parent.
The ultimate parent is the last company consolidating the successive parents of the child entity. It is the last consolidating entity in the chain of capital ownership.
This is the entity directly or indirectly consolidating the accounts of the direct parent. A corporation cannot be its own ultimate parent.
What is the difference between the direct parent and the ultimate parent of a subsidiary entity?
The direct parent is the entity that consolidates more than 50% of the financial accounts of the subsidiary. The ultimate parent is the entity that ultimately consolidates the accounts of the direct parent and the subsidiary.
- The Ma-Société entity requests an LEI number.
- The Ma-Société entity belongs to Ma-Maison-Mère (for more than 50 %) which consolidates the results of Ma-Société.
- The Ma-Maison-Mère entity is owned by Mon-Groupe (for more than 50 %) which consolidates the results of Ma-Maison-Mère and Mon-Groupe belongs to Mon-Conglomérat (for more than 50 %), Mon-Conglomérat consolidating the results of Mon-Groupe.
In this example:
- Ma-Société is the child entity
- Ma-Maison-Mère is the direct parent
- Mon-Conglomérat is the ultimate parent
Exceptions to the declaration of financial relationships
If you cannot declare a financial relationship (direct parent or ultimate parent) for one of your LEIs, it is possible to choose a reason for exemption.
If there is no parent company for the entity whose LEI you manage, you can choose:
- this entity does not fall within any scope of consolidation
- this entity is owned by a natural person
- no parent company is identified (multiple parents)
If there are legal obstacles preventing you from providing or publishing this information, you can choose:
- legal obstacles prevent me from disclosing this information
- the parent company does not wish to disclose its identity
- a contractual commitment prevents me from disclosing this information
If the disclosure of this information is likely to harm the entity whose LEI you manage or the relevant parent company, you can choose:
- disclosure of this information could be prejudicial to this entity or its parent
- disclosure of this information is detrimental to that entity or its parent
To find out more about exceptions (derogation from the declaration of a parent), you can consult the dedicated page on the GLEIF website.
How do I report the financial relationships of my entity?
In the case of a public body (administration, municipality, department, public establishment ...)
To declare the financial relations of a public body, an exception should be made for the direct and ultimate parents of the reason “this entity does not fall within any scope of consolidation”.
In the case of a fund
To report the financial relationships of a fund, an exception should be made for the direct and ultimate parents if the fund is not consolidated by any company. You must then choose the reason “this entity does not fall within any scope of consolidation”.
If the company has no parent
If the company does not have a parent company in the accounting sense, it is however necessarily owned by one or more persons, natural or legal: you must therefore choose the appropriate exception.
In the “Declare financial relationships” section, you must select the direct parent and the ultimate parent of your company and click on the “Declare a relationship” button. Then, you must select the 3rd option I cannot provide a parent company and choose the reason that best suits:
- If your company is owned by one (or more) natural person (s), then you must choose the reason This entity is owned by a natural person.
- If your company is not controlled by a single entity in particular (for example, in the case of a diversified shareholder base where no shareholder owns more than 50% of the capital), then you must choose the reason No parent company is identified (several parents) .
- If your company is owned by legal persons which are not required to consolidate their accounts, then you must choose the reason This entity does not fall within any scope of consolidation.
Once these exceptions have been entered, you can select this company in your schedule and proceed to payment.
The LEI will be assigned as soon as payment is received by our services (by paying by credit card, you will receive a paid invoice the same evening mentioning in the appendix the LEI requested and its validity dates).