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A Legal Entity Identifier (LEI) is a unique 20-character alphanumeric code that identifies legal entities involved in financial transactions. It is a globally recognized standard that enhances transparency, facilitates regulatory compliance, and ensures accurate entity identification in the financial world.

Who Needs an LEI?

Any legal entity (corporation, trust, fund, etc.) involved in financial transactions such as trading, investing, or entering into derivatives contracts is required to obtain an LEI. This includes businesses, financial institutions, asset managers, funds, and more, across various industries.

An LEI needs to be renewed annually to ensure its accuracy and maintain compliance with regulatory requirements. Regular renewal verifies that the entity’s details are up-to-date, ensuring continued transparency and credibility in financial transactions, and minimizing the risk of disruptions in trading or reporting activities.

Here are the 5 simple steps to renew your LEI on LEI Worldwide:

1. Visit the LEI Renewal Page
2. Enter LEI Information: Input your existing LEI number to retrieve your details.
3. Review Entity Details: Ensure all information is accurate and up-to-date.
4. Proceed to Payment: Select your payment method and complete the transaction.
5. Confirmation: Receive an instant confirmation once your renewal is successfully processed, and your LEI is renewed for another year.

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