What is an LEI code?
The Legal Entity Identifier explained: what the 20-character code means, who issues it and why it must be renewed every year.
Updated 3 November 2026 · Joel Mitt, LEImint OÜ
An LEI (Legal Entity Identifier) is a 20-character code defined by the ISO 17442 standard. It identifies a legal entity, such as a company, fund or foundation, in financial transactions around the world. Each LEI points to a public record with the entity’s legal name, registered address and registry code.
Who manages the LEI system?
The system is overseen by the Global Legal Entity Identifier Foundation (GLEIF). LEIs are issued by accredited LEI Issuers (also called LOUs). Registration Agents such as LEImint help companies apply for, renew and transfer LEIs with an LEI Issuer.
What data does an LEI contain?
Level 1 data answers “who is who”: legal name, addresses, legal form and business registry code. Level 2 data answers “who owns whom”: the entity’s direct and ultimate parent companies, if any.
Why does an LEI need renewing every year?
The LEI Issuer re-checks the entity’s data against the official business register once a year. If the LEI is not renewed, its status changes from ISSUED to LAPSED. Banks and brokers generally require an LEI with ISSUED status before they execute trades.
How do I get one?
Search for your company on our homepage, choose a period of 1, 3 or 5 years and pay online. The LEI Issuer validates the data and issues the LEI, usually within one business day.