Frequently asked questions


Useful questions about LEI at the french level

1 - How registered a LEI?

To request for a LEI, you should go to our website https://lei-france.insee.fr/index and create a personal account. This personal account is nominative and you will have to be personally mandated by the entity for which you want to request/manage the LEI.

Once you have received your access information (login and password), you can request for an LEI. The following day, a letter will be sent to the headquarters of the company containing a confirmation code that will allow you to continue your LEI request (the correct code reception and its transmission to our contact means mandate allowing this contact to continue its LEI request).

Once the confirmation code has been entered, you should wait the following day to continue your LEI request. You must report your financial relationships (see Question 12). Then, you can finalize your LEI request by proceeding to payment.

2 - How to request LEI for a fund?
To request a LEI for a fund, you first have to request a LEI for its management company (payment and final LEI attribution is not required for the management company). Once the confirmation code has been entered for the management company, you should wait the following day to request a LEI for its funds. The fund must be declared at the french market authority to obtain an LEI.
3 - How to report financial relationships?

Reporting "level 2" data has become mandatory in May 2017. Each entity which request or renew an LEI must in advance report its financial relationships via the page "Request new LEI/Report a financial relationship".

The entity must fill in their "direct accounting consolidating parent" as well as their "ultimate accounting consolidating parent".

Please be advised that the declaration of financial relationships is a one step process that you must complete to its end in order for the information that you enter to be taken into account and processed in our systems.

4 - What are the exceptions to report financial relationships?

If you cannot report a financial relationship (direct or ultimate), you can choose a reason by selecting "I can report no parent".

If there is no parent entity, you must chose among:
    - controlled by legal entities not subject to preparing consolidating financial statements
    - controlled by natural person(s)
    - no know person controlling the entity (multiple parents)

If some obstacles in the laws or regulations prevent you to provide or publish this information, you must chose among:
    - obstacles in the laws or regulations of a jurisdiction prevent providing or publishing this information
    - the consent of the parent has not been obtained
    - binding legal prevent providing or publishing this information

If the publication of this information is detrimental to the entity or its parent, you must choose among:
    - absence non confirmed of detriment in a way that can appropriately prevent liability risks for the child entity
    - the disclosure of this information would be detrimental to the legal entity or the relevant parent

For further information about the exceptions, you can visit GLEIF website at: https://www.gleif.org/en/about-lei/common-data-file-format/level-2-data-reporting-exceptions-format

5 - How to submit the documents supporting financial relationships?

By filling in an accounting consolidating parent for your LEI, you agree to submit supporting documents to INSEE (defined during the reporting process). These documents are:

  • consolidated financial statements of the parent
  • regulatory filings (other document sent to an official authority. Then, you must specif the authority name and a publication URL of the document)
  • other types of accounting sources
  • contracts
  • other official documents

These documents should be sent in PDF format to dg75-lei-ne-pas-repondre@insee.fr.
Important notice : This address is intended only for sending documents. If you have any questions, please use the contact form.

By choosing an exception, you do not have to submit supporting documents.
6 - How long does it take to obtain a LEI?
The time to receive the confirmation code by post is variable (48h on average). If you want to receive this code directly by email, you should send us a mandate (see Question 7). Then, you will have to report financial relationships regarding the entity for which you request an LEI (see Question 3). The LEI attribution is then finalized as soon as the payment has been received. A delay from 24h to 48h exists between the reception of payment by the french treasury and its transmission to INSEE.
7 - I have not received the confirmation code by post, how can I receive it by mail?

The confirmation code allowing the LEI request can be sent by email. To this end, a mandate must be transmitted (an example is below) to authorize the requester to obtain an LEI for the company. This mandate must be dated, sealed and signed by a manager. The details concerning the mandatary must be similar to the details filled in your personal account. If your company does not have a seal, the signatory (mandant) must be mentioned on the company Kbis (a Kbis must be transmit). If you are mentioned on the Kbis, the mandate is not required but only the Kbis.

The mandate and/or the Kbis must be transmit to lei-france@insee.fr.

Modele_Mandat_LEIFrance.doc (only available in french)

8 - How can I change the contact person to manage the LEI?

The LEI management (renewal, follow-up) is reserved for the contact mandated by the company. If you need to change the contact person, you first have to create a personal account. Then you must transmit a mandate (an example is below) to authorize the requester to obtain an LEI for the company. This mandate must be dated, sealed and signed by a manager. The details concerning the mandant must be similar to the details filled in your personal account.

If your company does not have a seal, the signatory (mandant) must be mentioned on the company Kbis (a Kbis must be transmit). If you are mentioned on the Kbis, the mandate is not required but only the Kbis.

The mandate and/or the Kbis must be transmit to lei-france@insee.fr.

Modele_Mandat_LEIFrance.doc (only available in french)

9 - Can I request an LEI for a foreign company?
INSEE only attributes LEI to entities under french law. Foreign companies can request an LEI from other LOU mentioned in the following document: http://www.leiroc.org/publications/gls/lou_20131003_2.pdf
10 - How much does the LEI certification cost?

Inscription costs EUR 70 and annual certification costs EUR 50. The cost has been set by decree of April 20, 2018 (published in the JORF on June 01, 2018).

As a consequence you will receive for the first year a EUR 120 bill for each certified LEI. The following years, you will have to renew the certification up to 6 weeks before the expiration date. A EUR 50 bill will then be sent to you for each renewed LEI.

11 - How can I know if the LEI has been attributed?

The publication of the LEI on our website award it its validity, the LEI is permanent and can be used for European and American reportings.

Data related to attributed LEI are public and free via the page Download and Search from our website.

A file containing all LEI managed by INSEE (FULL) is daily available for downloading for 30 days. Its format is XML, the schema of which is published on our website. The SIREN number or the AMF approval code appear on this file.

12 - Can I request for bulk certification for a list of companies or funds?
Concerning bulk certification, please write to the following address: lei-france@insee.fr.
13 - When must I renew my LEI?
The renewal is available via the page "Certify/Renew my LEI" from 6 weeks before the next renewal date (expiration date). Then, without renewal request, your LEI will be lapsed so you can not use it for regulatory reporting. After successful validation of your renewal request, the record will have its status set to "ISSUED" and the next renewal date will be extended for one calendar year from the previous renewal date. The reporting of financial relationships is mandatory before requesting the renewal (see Question 3).

General issues about LEI at international level

14 - What does the LEI aim for?
The G20 endorsed at the Los Cabos Summit in June 2012 a Global Legal Entity Identifier System (GLEIS) which uniquely identifies parties to financial transactions. The GLEIS aims for facilitating risk management and risk control by both the private sector and public authorities. The European Market Infrastructure Regulation (EMIR) has imposed its use for some derivative instruments since Febuary 2014.
15 - What entities require a LEI?

The requirements concerning entities are driven by national or supranational authorities. LEI are currently required in the United States as part of the Dodd-Frank act and in Europe as part of the European Market Infrastructure Regulation (EMIR), the MIFID II or the AIFM directive.

For more details about the EMIR, you can refer to the AMF website: http://www.amf-france.org/en_US/Acteurs-et-produits/Produits-derives/Presentation.html

For more details about MIF II, you can refer to the AMF website: http://www.amf-france.org/en_US/Acteurs-et-produits/Marches-financiers-et-infrastructures/Presentation.html

16 - How is made the LEI?

The Legal Entity Identifier, uniquely identifying parties to financial transactions, is based on ISO 17442:2012, "Financial Services-- LEI plan" (http://www.iso.org/iso/fr/catalogue_detail?csnumber=59771).

Each LEI correspond to a legal entity, which is a legal person or an organization defined by a territory legislation (except natural persons). The GLEIS aims for uniquely identifying legal entities on a global scale.

After the adoption of ISO 17442:2012, the FSB has confirmed the structure composed of 20 characters for the worldwide LEI code:

  • Characters 1 until 4 : a prefix of four characters uniquely attributed to each LOU
  • Characters 5 and 6 : 2 reserved characters
  • Characters 7 until 18 : non significant alphabetical part
  • Characters 19 and 20 : 2 verification figures such as defined in ISO 17442:2012

The INSEE uses the prefix '9695 '.

17 - Why report financial relationships? What are "Level 2" data?

GLEIF has set up in 2017 a process to enhance the Legal Entity Identifier (LEI) data pool, by including "Level 2" data to answer the question of "who owns whom". Specifically, legal entities that renew or acquire an LEI must now report their "direct accounting consolidating parent" as well as their "ultimate accounting consolidating parent" via the page "Request new LEI / Report a relationship".

For further information about the collection and use of "level 2" data, you can visit GLEIF website at : https://www.gleif.org/en/lei-data/access-and-use-lei-data/level-2-data-who-owns-whom

18 - What is a direct parent?

The direct parent of an entity is a company consolidating more than half of the child entity accounts. A company cannot be its direct own direct parent.

If a company has no direct parent then see Question 4.

19 - What is a direct parent?

The direct parent of an entity is a company consolidating more than half of the child entity accounts. A company cannot be its direct own direct parent.

If a company has no direct parent then see Question 4.

20 - How to request LEI on behalf third parties?

LEI-France website allows to centralize LEI requests and renewals for your partner and client companies.

Then a mandate must be transmitted (an example is below) to authorize you to obtain an LEI for the company. This mandate must be dated, sealed and signed by a manager. The details concerning the mandatory must be similar to the details filled in your personal account. If your company does not have a seal, the signatory (mandant) must be mentioned on the company Kbis (a Kbis must be transmitted). If you are mentioned on the Kbis, the mandate is not required but only the Kbis.

On receipt, the confirmation code will be sent by mail to allow you to finalize the LEI request on our website.

The estimate/invoice will be modifiable.

Modele_Mandat_LEIFrance.doc (only available in french)

NB: This function on LEI-France website is close to the registration agent concept defined by GLEIF to streamline LEI issuance. The registration agent assists companies to access LOU network. For further information you can visit GLEIF website:

https://www.gleif.org/en/about-lei/how-to-get-an-lei-find-lei-issuing-organizations/registration-agents

21 - Which Pre-LOU are currently active? Which Pre-LOU are certified?
Active LOU are available on the ROC website: http://www.leiroc.org/list/leiroc_gls/tid_162/index.htm
22 - What do the acronyms GLEIF, GLEIS, ROC, COU, LOU mean? How does the GLEIS work?

The GLEIS (Global LEI System) is the worldwide system for uniquely identifying parties to financial transactions, set up by the Financial Stability Board (FSB) at the request of the G20.

The GLEIS is overseen by the ROC (Regulatory Oversight Committee) which is composed of almost fifty authority members from all countries, precisely a wide range of central banks representatives, some prudential regulators as well as finance ministries approving the ROC charter (http://www.leiroc.org/publications/gls/roc_20121105.pdf).

The GLEIS is composed of a central unit (Central Operating Unit, COU), linked with a nonprofit foundation under Swiss law (Global LEI Foundation, GLEIF) and local units(Local Operating Unit, LOU) sponsored by the local financial authorities.

The COU will coordinate and oversee LOUs actions which receive LEI requests from legal entities, attribute LEI to the applicant and freely release the information (defined in ISO 17442:2012) regarding applicant entities.

For more details, please refer to the ROC website with the following link: http://www.leiroc.org/