LEI Registration in Nungambakkam - Filingpoint


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The Filingpoint  LEI (Legal Entity Identifier) system is designed to provide a unique code that identifies all the legal entities (including non-individuals like trusts and corporations) that participate in financial transactions. It provides a single, global reference for locating all the information about these entities and their connections on the Internet. It is also a vital tool for regulating and supervising the markets, facilitating the prevention of financial crisis and providing long-term benefits to both public and private sector participants.

In the aftermath of the 2008 collapse of Lehman Brothers, the G-20 called on the industry to implement a universal, global system for assigning unique identifiers to all market participants, and for capturing the necessary reference data for each of them. The resulting LEI is now the industry standard for identifying  all the entities that interact in the financial markets.

In India, the Reserve Bank of India (RBI) has mandated that all non-individual borrowers with aggregate fund exposure above Rs 50 crore from banks should obtain an LEI. It is a 20-character code made up of letters and numbers, which can be used instead of the name to identify a company on a worldwide database.

In India, the entity can get an LEI from a Local Operating Unit (LOU) that is authorized by the Global LEI Foundation (GLEIF). LOUs validate all reference data and issue an LEI to the entity. The LOUs are required to check each LEI against reliable sources (public official data, business registries, private legal documents) before publishing them and their associated reference data. They charge a fee for issuing an LEI and each yearly renewal.

Contact Filingpoint LEI Registration Expert +91 72999 72500

 

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