LEI stands for Legal Entity Identifier.

The LEI is a unique, 20-digit code associated with a single legal entity in accordance with the ISO 17442 standard. The LEI is a reference data tool to standardize how a counterparty is identified on financial transactions. Its goal is to help improve the measuring and monitoring of systemic risk and support more cost-effective compliance with regulatory reporting requirements. A single legal entity should only be assigned one LEI globally.

You may contact us via email to LEI_Support@gs1.org.sg or call us @ 6826 3077 for any other queries on LEI.

Alternatively, you may also want to download our PDF document for more assistance on the LEI registration.

Why Apply via GS1

  • Accuracy in the data validation checks as we have been doing this as part of GS1 all along.

  • Ease in communications as we know the local language, able to support in both English, Mandarin, and Dialects, and with a local presence, it means companies can call us directly for any enquiries.

  • Support in advisory as we understand the laws and regulations in Singapore (as well as overseas laws and regulations we have a global presence in 112 countries world wide)

  • Competitive Rates as compared to other LOUs as volume drives down cost

  • Efficient in the LEI issuance as a result of all of the above

Who Needs an LEI?

It is important to distinguish between being eligible for an LEI and being required to have one. As defined in ISO standard 17442, any legal entity that enters into a financial transaction is eligible for an LEI. 

As defined in ISO 17442, the standard underlying the Legal Entity Identifier (LEI), the term ‘legal entity’ includes, but is not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal contracts, regardless of whether they are incorporated or constituted in some other way (e.g. trust, partnership, contractual). It excludes natural persons, but includes governmental organizations and supranationals.

Any legal requirement to have an LEI will come from national financial regulators.

Price List (with effective from 2 January 2018)

All prices are exclusive of the statutory value-added tax.  GS1 will apply VAT as deemed appropriate, in line with Belgian VAT rules for the provision of services within Belgium, to EU member states and to the rest of the world.  * Singapore entities will not be subjected to VAT for LEI application.

 

LEI single application (one-year term) €89
LEI renewal (one-year term) €59
LEI collective application (min. 10 LEIs, one-year-term) Enquire
LEI collective renewal (min. 10 LEIs, one-year-term) Enquire
LEI account change €0
LEI Transfer Fee €0

You may contact us via email to LEI_Support@gs1.org.sg or call us @ 6826 3077 for any other queries on LEI.

Alternatively, you may also want to download our PDF document for more assistance on the LEI registration.