LEI Registration in Nungambakkam - Filingpoint

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A Filingpoint   legal entity identifier (LEI) is a unique alphanumeric code that identifies a legally recognized corporate entity. It is used to identify and refer to the reference data of the legal entity in all public documents such as company registers, corporate documents and in official databases like business registries.

It is the global system for unique identification of legal entities. It provides a consistent and reliable standard for all financial market participants to identify and refer to the reference data of a legal entity. It is based on the principle of transparency and a universally accepted approach to data quality. The global LEI system was introduced after the global financial crisis to overcome impediments identified by regulators and private-sector firms during the crisis for identifying and documenting the connections between complex financial institutions operating across borders.

Regulatory authorities in markets around the world have adopted rules that require or encourage companies to get an LEI and use it in their regulatory filings and reporting. In the United States, for example, the Commodity Futures Trading Commission, the Securities and Exchange Commission, the Federal Reserve System, the Consumer Finance Protection Bureau and the Office of Foreign Assets Control have adopted such rules.

The Global LEI Foundation (GLEIF) is the international organization that oversees and governs the global LEI system. GLEIF does not issue LEIs directly, but rather is responsible for accrediting and monitoring Local Operating Units (LOUs) that supply registration and renewal services as well as act as the primary interface for legal entities seeking an LEI. LOUs are also responsible for verifying and validating the LEI reference data on a regular basis.

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