Legal Entity Identifier Frequently Asked Questions
Why do LEIs from RapidLEI cost less than other LEI Issuers?
In order for every organisation in the world to register an LEI code we need an LEI issuing platform that can scale. We built a solution that automates the LEI application process by connecting to the worldwide business registries in real time. This makes applications faster, and it makes the operational costs much lower. We pass on these savings to you by providing LEIs at a much lower cost than any of our competitors.
Does RapidLEI issue accredited, recognised LEIs?
RapidLEI is one of 33 accredited LEI Issuers, also known as LOUs. We were accredited in June 2018 and we sit alongside organisations like Bloomberg, DTCC, the LSE and others as we supply registration, renewal and other LEI services for legal entities wishing to obtain an LEI.
Who is the GLEIF?
The Global LEI Foundation (GLEIF) was established by the Financial Stability Board and the G20 in 2014. The GLEIF is tasked to support the implementation and use of the LEI.
How fast is RapidLEI growing?
Since launching in 2018 the GLEIF has consistently recognised RapidLEI has the fastest growing LEI Issuer. As of September 2019, RapidLEI is the one of the largest issuer of new LEIs globally and has maintained the highest growth rate of all global LEI Issuers in every quarter so far.
Do you have to be a company to get an LEI?
LEI numbers can be issued to registered companies and registered subsidiaries, non-profit organisations, sole proprietors, international branch offices, funds and trusts.
How long will it take to register my LEI?
Our platform uses automation to make the LEI application process quick and easy. Many LEIs are issued in just minutes, but if company identity data needs additional human-based checks, it takes a little longer. If this is the case, we still issue your LEI in just hours, and almost always on the same day as application.
I already have an LEI, how do I renew it with RapidLEI?
Only the LOU managing the LEI can renew the LEI. If you want to renew an existing LEI with RapidLEI, you must first transfer it to RapidLEI. This is a simple process and our web forms guide you through the process.
How do I find out if my LEI is lapsed, inactive or invalid?
You can use our Search LEI tool to find out the current status. We connect to the global LEI database to check, and depending on status our system will help you renew or apply.
Who is Ubisecure?
Ubisecure is an identity services technology provider. We provide cloud services and on-premise software for Identity & Access Management. LEIs are central to our vision on providing security and identity services for the organisation identity domain. We have offices in the US, UK, Finland, Sweden and Germany.
Do you have local Partners?
You can buy LEI numbers from RapidLEI directly, or you can buy from our global network of dozens of Registration Agent partners. RapidLEI has a partner-first approach and we work only with Registration Agent partners who add local expertise such as language support, regulatory understanding, currency support and more. If you wish to become a Registration Agent, speak to the LEI Partner Team.