The first LEI Registration Agent with the Web 3.0 approach
Apply Here
From €59 + VAT
Renew Here
From €59 + VAT
Transfer Here
Free of charge
About LEIpapa
LEIpapa is a European tech company headquartered in Tallinn, Estonia 🇪🇪 controlled by a team experienced in fintech project development (crypto projects, alternative funds, KYC automation, retail management), with a strong focus on customer success and life-long customer care. LEIpapa is in the business since 2021 guiding LEI applicants (from micro-organizations to corporations) through the world of Legal Entity Identifiers (LEIs). More information about LEIpapa...
What is an LEI code? Briefly, an LEI code (LEI number) is used for the legal entity identification in regulatory reporting and supervision. The LEI code is a unique 20-character alphanumeric code for legal entities participating in the financial markets.
All legal entities who are participating in the financial markets are obliged to have an LEI code starting from January 3, 2018. Get to know who needs an LEI number.
Permission
LEIpapa is the first LEI Registration Agent with the Web 3.0 approach working on the basis of the license agreement concluded with RapidLEI (Ubisecure OY, LEI 529900T8BM49AURSDO55) and GLEIF (Global Legal Entity Identifier Foundation, LEI 506700GE1G29325QX363) providing fast and affordable LEI registration assistance for legal entities. As an official LEI Registration Agent of Ubisecure RapidLEI, LEIpapa provides assistance and performs certain tasks in the process of obtaining, renewing, or transferring of an LEI for an LEI Issuer (RapidLEI, Ubisecure OY), but the issuing, transferring or renewing of the LEI is always done by the LEI Issuer. The LEI pricing varies for some jurisdictions, so please check the total LEI fee during the checkout process.
LEI & Regulation
Legal entities that have been assigned the right to provide investment services are obliged to notify surveillance authorities of transactions made with the securities of a legal entity client by using the LEI code. In case a legal entity client does not have an LEI code, the reporting obligation cannot be performed and as a result the transaction orders of such legal entities cannot be fulfilled.
In accordance with the European regulation, the LEI code must be used to identify the contracting parties to financial market transactions worldwide and make it easier for regulators to recognize possible systemic risks at an early stage. The ultimate aim is to better manage financial risks.