Most Popular

What’s New?

Can a business invest in stocks?GLEIF’s verifiable LEI issuer qualification programWhat are child entities and how do they relate to other entities?Do I need an LEI when selling shares?Business Transparency: How to create an environment of trustAnti Money Laundering (AML) in banking: Everything you need to knowKYC in banking: Why it’s important and how to comply?Corporate structures demystified: What you need to know?ASIC releases a new consultation paper about changes to its derivative transaction rulesWhat is a parent company and how does it work?How long does it take to get an LEI?ISO 5009 – Identifying organizational rolesISO 17442 – Standard for LEI code structureESRB discusses the future of LEILegal Entity Identifier (LEI) vs Tax Identification Number (TIN) in AustraliaWhat documents are required for LEI registration in Australia?Who is an LOU in the LEI dimension?GMEI vs LEI RegisterLapsed LEI – Why should you keep your LEI active?Who is an LEI Registration Agent?Are LEIs public?What is LEI transfer?Can an individual have an LEI?Who needs an LEI code?Do LEI numbers need to be renewed?Why is an LEI code required?How much does an LEI code cost?LEI Lookup – Fully dedicated LEI search websiteISIN to LEI mappingGLEIS | Global LEI SystemMiFID regulation | MiFID II LEIvLEIGLEIF | Global Legal Entity Identifier FoundationCompany Autocomplete by LEI RegisterOpen LEIEuropean Market Infrastructure Regulation | EMIRWhat is an LEI database?Legal Entity Identifiers in cryptocurrencyLegal Entity Identifiers in KYCDigital identity predictions for 2020The future of cybersecurity – DeloitteLegal Entity Identifiers in digital certificatesBroad adoption of LEIs could save the global banking sector $2-4 billionLegal Entity Identifiers for government entitiesThe European Market Infrastructure Regulation (EMIR) and Legal Entity Identifiers (LEIs)The FCA will take a pragmatic approach to supervising reporting on Brexit DayAdoption of LEI in payment messages by the Payments Market Practice Group (PMPG)RegTech London – Event summaryCybersecurity in a nutshellLEI deadline postponed by ASICHow to get an LEI in Australia?What is LEI-search?LEI Register and RapidLEI announce an official partnership

What is LEI transfer?

LEI transfer is the process of transferring your LEI code from one service provider to another. When changing to a different service provider, your LEI code will not change. It is a back-end process that is not visible to end customers. LEIs can be transferred to a better, less costly service provider anytime.

Why are LEIs transferrable?

The Global LEI System encourages competition between LEI issuers and registrators to benefit legal entities seeking an LEI. The main element that drives this competition is the price of obtaining and maintaining an LEI. This also explains the wide variety of price differences across Local Operating Units (LOUs) and Registration Agents.

An entity that requires an LEI code can choose which Registration Agent or LOU they wish to partner with. It is not at all required to use an LEI issuer from your own country, as LEI codes are standardized and cannot be differentiated based on the issuer. 

Since you have the freedom to choose your LEI registration partner, it’s only fair you’re also free to change it. LEIs can be transferred between different service providers without constraint.

It’s important to note that during the transfer, your LEI code nor the data associated with it will not change. It is a back-end process that is not visible to you.

When can an LEI be transferred?

The LEI can be transferred at any time, but in most cases, the transfer process is done close to the annual renewal.

How do you transfer an LEI?

  1. Application – The LEI code transfer process starts with applying for a renewal or a transfer with your newly chosen LEI service provider.
  2. Confirmation from the customer – The Registration Agent must ask you for a signed Letter of Authorisation (LoA), confirming your wish to transfer the LEI code.
  3. LOU communication – Your new LOU will let the original LOU know you wish to transfer. Your original LOU will have three days to contact you, try to change your mind, or reconfirm your wish to transfer. If there are no objections from the original LOU after three days, the LEI code will be released to the new LOU.
  4. The LEI gets transferred – Your LEI will be moved to the new LOUs management and renewed when applicable.

How long does an LEI transfer take?

Because several parties are involved in the transfer process, it usually takes up to 7 days. But you do have the power to expedite the process by contacting your original LOU to confirm your wish to transfer before the mentioned three days are up.

Transfer your LEI to LEI Register

We became market leaders by offering the lowest prices, whilst keeping customer satisfaction as our highest priority. Therefore we welcome new transfers daily and have put in a lot of work to make the LEI code transfer to LEI Register as simple as possible.

Whether you’re looking to transfer far before the upcoming renewal or your LEI code is about to reach its annual renewal date, visit our LEI renewal page.

Pick “transfer your LEI”  and insert your existing LEI or company name into the search field.

From there, we’ll display your current LEI information and ask whether you’d like to transfer or transfer and renew your LEI.

Transferring to LEI Register will not just save you money, but with our multiyear renewals, you’ll be able to sign us the responsibility of renewing your LEI before the annual due date.

This ensures you won’t encounter inconveniences like blocked transactions due to a lapsed LEI code.

When renewing your LEI with us, you can choose between a 1-year, 3-year, and 5-year period.

 

TRANSFER LEI NOW