Irish Stock Exchange launches pre-legal entity identifier service

Source: Irish Stock Exchange

The Irish Stock Exchange's pre-Legal Entity Identifier (LEI) service is now open for online applications on ISEdirect.ie

What is LEI?

LEI is a global reference code with uniquely identifies each legal entity that engages in a financial transaction. The LEI is designed to enable the identification and linking of parties to financial transactions which will facilitate the management of counterparty risk.

Do I need one?

The need to have an LEI code has been set by global regulatory authorities in response to the financial crisis. The range of entities requiring LEI codes is broad and includes all listed legal entities, financial intermediaries, banks and financial companies.

While the global LEI standards are still in development, the need for entities to prepare for LEI implementation is growing. The ISE is sponsored by the Central Bank of Ireland as the pre-LEI provider in Ireland and can help you comply with the LEI regulations by having a pre-LEI code.

How do I apply for a pre-LEI code

Apply for a pre-LEI code through www.ISEdirect.ie - it is simple, secure and cost effective.

Do I need multiple codes?

Some organisations may require multiple codes. If you need more than 20 LEI codes, you can apply for bulk registration online. Simply follow the instructions and submit.

How much does it cost?

€150 excl. VAT for each pre-LEI code. It is payable at time of application.

LEI codes are renewable annually. The cost is €100 excl. VAT per pre-LEI code. It is payable on or before your anniversary date. The ISE will remind you by email to renew your LEI code one month before your renewal date.

The Irish Stock Exchange's pre-Legal Entity Identifier (LEI) service is now open for online applications onwww.ISEdirect.ie 

What is LEI?
LEI is a global reference code with uniquely identifies each legal entity that engages in a financial transaction. The LEI is designed to enable the identification and linking of parties to financial transactions which will facilitate the management of counterparty risk.
 
Do I need one?
The need to have an LEI code has been set by global regulatory authorities in response to the financial crisis. The range of entities requiring LEI codes is broad and includes all listed legal entities, financial intermediaries, banks and financial companies. 
 
While the global LEI standards are still in development, the need for entities to prepare for LEI implementation is growing. The ISE is sponsored by the Central Bank of Ireland as the pre-LEI provider in Ireland and can help you comply with the LEI regulations by having a pre-LEI code. 
 
How do I apply for a pre-LEI code?
Apply for a pre-LEI code through www.ISEdirect.ie - it is simple, secure and cost effective.  
 
Do I need multiple codes?
Some organisations may require multiple codes. If you need more than 20 LEI codes, you can apply for bulk registration online. Simply follow the instructions and submit.
 
How much does it cost?
€150 excl. VAT for each pre-LEI code. It is payable at time of application. 
 
LEI codes are renewable annually. The cost is €100 excl. VAT per pre-LEI code. It is payable on or before your anniversary date. The ISE will remind you by email to renew your LEI code one month before your renewal date.
 
For more information on LEI, please download our pre-LEI brochure (PDF).

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