DORA Has Applied Since January 2025. Here’s What UK Businesses Need to Know
The EU’s Digital Operational Resilience Act (DORA) became applicable on 17 January 2025. For many UK businesses – especially those providing technology services to regulated financial institutions in the EU – this regulation introduces a concrete new requirement for financial entities: they must record a standardised identifier for each ICT third-party service provider in their … Continued
When do you need a Legal Entity Identifier?
Legal Entity Identifiers (LEIs) are now required for all companies that wish to trade on the financial markets in the UK or within the European Union. These changes occurred on 3 January 2018 when the Markets in Financial Instruments Directive and Regulation took effect. Whilst individuals are not affected by these changes, entities such as … Continued
Transferring an LEI code to British LEI
Companies apply for an LEI through a service provider, like British LEI. They need to do this because companies can’t apply for or update details within the LEI database, which is managed by the Global Legal Entity Identifier Foundation – GLEIF. Instead, a service provider (LOU – Local Operating Unit) is assigned to each LEI … Continued
Legal Entity Indentifiers: Renewing your LEI number
Every LEI is issued for a period of 1 year and needs to be renewed annually. It is extremely important to distinguish between renewing an LEI code and changing the data associated with an LEI. Changing the data means updating data in the GLEIF database. Be sure to update your company details with your service … Continued
The business benefits of LEI adoption
LEIs are quickly being adopted by jurisdictions around the world. The unique 20-digit codes are now mandatory for many companies operating within Europe, North America, Australia, and Asia. While registering for an LEI may be compulsory for your company, the widespread adoption of LEIs comes with a host of benefits for financial services businesses. Promoting … Continued
The importance of trust in Identity in the digital Age
As digital solutions become increasingly omnipresent, the importance of implementing mechanisms to establish trust in identity in the digital age increases too. Keeping our online identities safe is one side of the coin; keeping ourselves safe as we transact with faceless customers is the other. The complexity only increases when we consider the business transactions … Continued
LEI registration in other countries
LEI registration process varies between different countries and jurisdictions as not all countries have a local LEI issuer (LOU – Local Operating Unit) and most of the LOUs can issue LEIs only to specific regions. Therefore, the GLEIF has introduced the concept of Registration Agents (RA), where most of the RA-s are directly connected to … Continued
Become a Partner
Convenient LEI Issuance and Renewals for Your Corporate Customers Join our partner program to offer your customers affordable service rates with convenient LEI handling. Earn industry top-level commissions from client referrals. British LEI Affiliate Program British LEI provides an Affiliate platform to companies that have corporate customers in need of a Legal Entity Identifier (LEI). … Continued
Why use an official registration agent when applying for an LEI code?
If you are looking for, applying for or renewing an LEI code, you’ll find various web pages offering fast and secure LEI registration services. Most of these websites collect data using online forms and, in the case of official registration agents and Local Operating Units, this data is used to register or renew your LEI … Continued
Global Legal Entity Identifier system
What is a Legal Entity Identifier and why do companies need it? A Legal Entity Identifier code or LEI number is a unique global identification number for a company that is issued by a GLEIF accredited Local Operating Unit. Financial institutions and regulators use LEIs to identify participants in financial markets. According to the MiFID II … Continued