- How long does it take to get an LEI?
- A new LEI is normally issued within 15 minutes of the order being signed and the data checked, and always within one business day. A transfer depends on the issuer holding it today: GLEIF gives them four business days to respond, and there is a further three-day window in which the move can be objected to.
- What is the difference between an LEI and a company registration number?
- A registration number is national and works in one country; an LEI is global and works everywhere. A company has both, and the registration number is published as one of the verified attributes behind the LEI.
- How often do you have to renew an LEI?
- Once a year. The code itself never expires - it is the status that lapses, and each yearly renewal revalidates the data and marks the code current for another twelve months.
- What happens if my LEI lapses?
- The code stays yours and stays published, but it is marked LAPSED and reads as out of date to anyone checking it. That is when a corporate account can be blocked from new purchases. Renewing republishes the data as current.
- Does my LEI change if I transfer it to you?
- No. The twenty characters stay the same, and so does your renewal date. That is what a transfer means under GLEIF's process - the record moves, the identifier does not.
- Is it free to transfer an LEI to you?
- Yes. There is no transfer fee - you pay the annual fee only when your existing renewal date comes round, at the same price everyone pays, with no lock-in and no multi-year contract.
- How do I register my LEI with Avanza or Nordnet?
- You don't have to. Avanza, Nordnet and most banks read the Global LEI Index automatically and attach the code to your account once it is published, usually the same day.
- Does a sole trader need an LEI?
- Only for trading derivatives, where EMIR requires one. For ordinary shares and funds the owner's own identity is used. Companies, associations and foundations trading securities always need one.
- Are you an LEI issuer or a reseller?
- An issuer. The Intelligence Company AB is a GLEIF-accredited issuer with its own prefix, 6574. Nobody stands between your record and the Global LEI Index.
- Can I get an LEI for a company outside Sweden?
- Not yet. We issue and transfer for Swedish legal entities. Anything registered elsewhere you can still look up here - the search covers all 3.4 million records in the global index.