Power Your Business With A Legal Entity Identifier (LEI) Today!

Trust, transparency, and global recognition - with LEI, your business can have it all.

Get Your Legal Entity Identifier (LEI)

**We Can Only Proceed With the renewal if an LEI is under our management. If your LEI is Currently being managed by another Service provider please use the transfer from to transfer and renew or just transfer the LEI under our Management.

**Transfer LEI to renew with our LEI renewal rates. LEI Transfer might take up to 7 days

Documents Required For LEI Application

TYPE OF ENTITY DOCUMENTS TO BE UPLOADED
1 Private Limited Company/Public Limited Company/Limited Liability Partnerships or any company registered with Ministry of Corporate Affairs (MCA) Certificate of Incorporation/ GST Certificate/ IEC Certificate
2 Trust Trust Deed / Trust Registration Certificate / any other registration certificate issued by competent authority
3 Proprietorship IEC Certificate/ GST Certificate/ Udyam Registration Certificate/ Shops and Establishment License
4 Bank not registered with MCA Banking License Issued by RBI
5 Mutual Fund and Alternative Investment Fund SEBI Registration Certificate / List of Custodian
6 Others Registration Certificate / any other registration certificate issued by competent authority

Note: We may ask for additional document / information as the case may be.

MNS Credit Management Group, LEIL & GLEIF

MNS Credit is a Validation Agent for Legal Entity Identifier India Limited (LEIL), a Local Operating Unit (LOU) accredited by Global Legal Entity Identifier Foundation (GLEIF) Switzerland, the organisation that manages global LEI system (GLEIS) through LEI issuing entities, known as LOUs.

LEIL is the only LOU in India which is authorised by the Reserve Bank of India (RBI) under PSS Act of India.

MNS with a long standing in the field of authentication and verification of existence of Business Entities has more than two decades of experience and is acknowledged as a highly reliable partner by Financial Institutions for its Business Information Reports of various kinds.

Role Of MNS In LEI Issuance

  • Explaining importance and usage of LEI to prospective legal entities.
  • Helping accelerate digital transformation, validation processes etc.
  • Validating legal entity data for and before issuance of LEI to them.
  • Streamlining LEI issuance process for legal entities and shorten onboarding time.

What Is LEI?

LEI is an identity code of global reference that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. Its salient features are:

  • A 20-character, alpha-numeric code
  • Based on the ISO 17442 standard
  • A proof of identity for a financial entity
  • Helps to abide by regulatory requirements and facilitate transaction reporting to Trade Repositories.
  • Connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions.
  • Contains information about an entity’s ownership structure thus informs of ‘who is who’ and ‘who owns whom’.

Structure of Legal Entity Identifier (LEI Code)

For Example: MNS Credit Management Group- LEI Number

The LEI is a 20-character alphanumeric code issued as per the ISO 17442:2012 standard and it has the structure as stated below:

  • Characters 1-4: Prefix used to ensure the uniqueness among codes from LEI issuers (Local Operating Units or LOUs).
  • Characters 5-18: Entity-specific part of the code generated and assigned by LOUs according to transparent, sound and robust allocation policies. As required by ISO 17442, it contains no embedded intelligence.
  • Characters 19-20: Two check digits as described in the ISO 1744 standard. 

 

Who Need LEI Number?

Any legal entity who is a party to financial transactions may obtain an LEI code. These entities can be company registered with MCA, partnership firm, sole proprietorship firm, bank, mutual fund, trust, societies etc.

The Indian Regulators such as RBI, SEBI and IRDA etc. issues the notifications for the requirement of LEI code for different financial transactions.


Further, they have already issued some notification in past given below for the requirement of LEI: 

 

LEI Code Mandates In India:
 

Date

Asset Class/Market Participants

Particulars

Circular

02-06-2017

OTC derivatives markets

The Reserve Bank of India has mandated the implementation of the LEI system for all participants in the Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives

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02-11-2017

Large corporate borrowers

The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for all borrowers of banks in India. Entities without an LEI code are not to be granted renewal / enhancement of credit facilities

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29-11-2019

Non derivative markets

The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for Non-derivative markets include Government securities markets, money markets and non-derivative forex markets (cash, tom and spot transactions).

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29-10-2019

Eligible Foreign Entities

Securities and Board of India has mandated LEI code for Eligible Foreign Entities (EFEs) in the commodity derivatives market

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06-06-2020

Insurers/Corporate borrowers

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated implementation of the LEI system for all insurers and their corporate borrowers.

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05-01-2021

RTGS/NEFT Transactions

The Reserve Bank of India has mandated the LEI Number for all payment transactions of value ₹50 crore and above undertaken by entities (non-individuals) for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).

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10-12-2021

Cross Border Transactions

The Reserve Bank of India has mandated the LEI Number for cross border transactions such as capital or current account transactions of ₹50 crore and above. The timeline to obtain LEI Number is October 1,2022.

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21-03-2022

Legal Entity Identifier (LEI) for Borrowers

The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for borrowers of banks and FIs in India greater than 5 crores. Entities without an LEI code are not to be granted renewal / enhancement of credit facilities.

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03-05-2023

Non-convertible securities, securitised debt instruments and security receipts

Securities and Board of India has mandated LEI code for issuers transacting in listed non-convertible securities and issuers transacting in listed securitised debt instruments and security receipts. The timeline to obtain LEI Number is September 1, 2023.

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28-07-2023

Foreign Portfolio Investors (FPIs)

Securities and Board of India has mandated reporting of LEI code for Foreign Portfolio Investors (FPIs) to depositories (DPs) in India. The timeline to report LEI Number to DPs is January 23, 2024.

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Process Of LEI Application

You may please call us on +91-11-49455102 / +91-9717859833 or click here to enable us to contact to assist you in the registration and document submission process.

 

Purpose Of LEI

Following the financial crisis, G20, the Financial Stability Board and many regulators around the world aimed to create transparency in the derivatives markets through the Legal Entity Identifier (LEI) initiative. Primarily, LEI is used to identify the parties that participate in financial transactions around the world. However, it also helps in identifying the ownership structures of legal entities engaged in such transactions to better understand the systemic risks arising out of their linkages.

Benefits of LEI

01

Publicly available LEI data pool can be regarded as a global directory, which greatly enhances transparency in the global marketplace.

02

Supports higher quality and accuracy of financial data overall

03

Supports entity identification across financial markets and beyond.