Frequently Asked

Question (FAQ)

LEGAL
ENTITY
IDENTIFIER
(LEI)
 Legal Entity Identifier (LEI)

The Financial Markets Committee (FMC) together with the Bank has commenced on initiatives to
strengthen financial market infrastructure, particularly on enhancing information reporting and settlement
infrastructure for great transparency and to facilitate surveillance in the onshore financial market. This
includes adopting the Legal Entity Identifier (LEI) as a unique identifier, in line with global practices and
complements the implementation of segregated securities account structure in the large value payment
system, Real-time Electronic Transfer of Funds and Securities System (RENTAS).

What is an LEI code? How to register for LEI? What fees are involved?
 The LEI is a unique 20-character, alpha-  Investors can register for the LEI via  The basic charge for a registration
numeric code based on the ISO17442 LOUs who are accredited to issue LEI in request is dependent on the respective
standard that serves as a global their respective jurisdictions, i.e. LOUs. Selective LOUs include the
reference data to identify legally distinct Bloomberg Finance L.P., Business Entity USD19 per LEI surcharge for GLEIF’s
entities which engage in financial Data B.V., London Stock Exchange, etc. fee into their pricing and also offers
transactions.  List of LEI issuing organizations could be pricing based on economies of scale for
 The publicly available LEI data pool can found via the following link: bulk registration of LEIs.
be regarded as a global directory, which https://www.gleif.org/en/about-lei/how-to-  Upon registration, all approved LEI are
greatly enhances transparency in the get-an-lei-find-lei-issuing-organizations also subject to an annual renewal fee
global marketplace besides improving which is also dependent on the
risk management in firms as well as respective LOUs.
facilitating better assessment of micro
How long does it take?
and macro prudential risks.
 The LEI is issued by accredited Local
 This will depend on the number of Sample fees
Operating Units (LOUs), which are
requests raised and the capacity to
supervised by the Global Legal Entity Bloomberg Finance LP
validate the submitted data.
Identifier Foundation (GLEIF) under the
 Depending on respective LOUs, it would Initial Registration USD75
oversight of the Legal Entity Identifier Fee1
typically take between 1 - 5 business
Regulatory Oversight Committee (LEI Annual
days upon complete data submission USD50
ROC) who coordinates and oversees a Maintenance Fee1
and payment.
worldwide framework of legal entity Weblink http://lei.bloomberg.com
identification, the Global LEI System.
 Further info on LEI as well as LEI search Business Entity Data B.V.
is available via GLEIF’s website at the Global practices
Initial Registration USD119
following link: Fee1
https://www.gleif.org/en/  The use of LEI is mandated for all EU
Annual USD99
counterparties by the European
Maintenance Fee1
Securities and Markets Authority (ESMA)
Weblink https://www.gmeiutility.org
Who is required to obtain LEI? for the reporting of derivative
transactions to Trade Repositories under
London Stock Exchange
 All investors (excluding individual European Market Infrastructure
Regulation (EMIR), in addition to Initial Registration £115 + vat
investors) investing in Malaysian debt Fee1
securities are required to obtain the LEI reporting within Dodd-Frank Act in the
Annual
for securities account opening and United States. £70 + vat
Maintenance Fee1
reporting purposes by 14 May 2018.  Global standard-setting initiatives have
Weblink http://www.lseg.com/LEI
[Kindly refer to the FAQs on RENTAS also called for the use of LEI, including
1
CPMI-IOSCO. Note: Initial registration fee and annual fee is
Segregated Account at the following link:
 The list of regulations that mandate the inclusive of GLEIF fee and will be priced
http://www.bnm.gov.my/index.php?rp=re based on economies of scale for bulk
ntas_segregated_securities_acc ]. use of LEIs can be found at the following
registration of LEIs. Kindly refer to the
 Detailed list of regulatory use of the LEI is link:
respective LOU website
available via the following link: http://isda.link/gleifregs.
https://www.gleif.org/en/about-
lei/regulatory-use-of-the-lei