News and press releases - Page 2 of 2 - British LEI
As of 3 January 2018, LEIs are mandatory for all companies who wish to continue trading in securities.

News

Machine-Readable LEIs trust in corporate transactions

The Global LEI Foundation (GLEIF) has given us a glimpse of what’s to come. The organisation’s alphanumeric LEI code was embedded into its 2018 financial report. It’s the first official business report to have verified LEI reference data published with the electronic version of the document.  The report was also published with the embedded signatures […]

The role of LEI adoption in economic growth

Just over a decade on, aftershocks from the 2008 global financial crisis are still being felt. It is becoming easier to imagine that the global economy has returned to normal – the European Union has experienced economic growth for seven consecutive years; the US stock market set a record in August 2018 for the longest-running […]

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 […]

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 […]