LEI codes

When will the LEI code become necessary?

An LEI (Legal Entity Identifier) is a global organisational code which identifies legal entities on the financial market. LEI codes are used to improve the transparency of the financial market.

The requirement to use LEI codes is based on EU legislation. In Finland, LEI codes are used under the supervision of the Finnish Financial Supervisory Authority. Read more about LEI codes on the website of the Financial Supervisory Authority.

You can apply for an LEI code at the Finnish Patent and Registration Office (PRH). We do not take a stand on whether your company or entity needs the code. Read more about applying for an LEI.

If your company or entity already has an LEI code, you can renew or inactivate it. You can also update parent entity details and transfer the management of the LEI code to another LEI issuer. Read more in our instructions for LEI owners.

Current affairs

Companies and entities must have LEI codes for orders concerning financial instruments

From 1 November 2017, companies and entities must have an LEI code to be able to give investment service providers orders concerning derivatives. For orders concerning publicly traded financial instruments, using an LEI code will become obligatory 3 January 2018.