LEI code

Legal Entity Identifier application

Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EMIR) entered into force on 16 August 2012 and requires financial service providers to identify clearly, with a unique identifier, the trading counterparties in the mandatory derivative reports.

EMIR recommends the use of the so-called Legal Entity Identifier (LEI) for identification. The LEI is an international code of 20 characters that serves to identify distinctly the counterparties (banks, issuers, listed companies, exchange traders, investment funds, etc.) of financial transactions worldwide.

The issuers (Local Operating Unit – LOU) approved by the Legal Entity Identifier Regulatory Oversight Committee (LEIROC) is authorized to issue the LEI.

KELER contracted WM Datenservice, Germany to assist Hungarian market participants in obtaining the LEI codes required for reporting.

Based on the contract all market players, including local or foreign players, can apply for LEI codes through KELER, at preferential rates. The LEI codes need to be applied for and renewed annually.

Benefits of LEI application through KELER:

  • Applications can be submitted to KELER in e-mail, in an excel spreadsheet, thus the process of application is accelerated and simplified;
  • Before forwarding to WM Datenservice KELER checks each application to ensure that the application contains correct data;
  • The applicant can apply for LEI through KELER not only in its own name but on behalf of members of the same group of companies also,
  • KELER actively supports LEI renewal also by contacting the issuer at least one month prior to expiry in order to ensure that renewal is completed in time;

LEI codes issued by any LEI code issuer can be renewed through KELER, based on the client order KELER completes the related tasks.


 LEI code publishing and management system


New LEI application

Hungarian registered entities without LEI code, can request the LEI code directly or through a representative organization.

Application  process:

  • Registration: The request of the LEI code is preceded by a registration of the LEI owner or its representative client, which means the joint creation of an organization (client representing in the LEI system) and its user.

  • After registration, a request for a new LEI code can be initiated in the system.

  • Mandatory fields are marked with a star in the system.

  • During the application, details of the LEI code owner organization, have to be provided first,

    • then have to be provided the ownership structure,

    • and finally, the required documents have to be attached and uploaded.

  • The application is subject to fees.

  • After successful payment of the fee and finalization of the order, the data will be checked by KELER, as a positive result of which the LEI code will be issued and published.

 

LEI code renewal

The LEI code is valid for 1 year, after its status changes to LAPSED.

Renewal process:

  • Login to a registered user account.

  • Select the relevant LEI code from the renewable LEI codes.

  • LEI code renewal can be started after checking the stored data.

  • Mandatory fields are marked with a star in the system.

  • The application is subject to fees.

  • After successful payment of the fee and finalization of the order, the data will be checked by KELER, as a positive result of the LEI code validity will be extended for one more year.

 

LEI code transfer

Request for transfer of LEI code managed by another LOU to KELER.

  • Login to a registered user account.

  • After login, transfer request can be initiated in the system.

  • Mandatory fields are marked with a star in the system.

  • Review data of the entered LEI code.

  • The application is subject to fees, if it goes with renewal.

  • After finalization of the order, the data will be checked by KELER, as a positive result of the LEI code validity, it will be supervised by KELER and its validity will be extended for one more year.

 


Our colleagues are ready to help Clients with any questions that may arise.

Write us: You can contact us with LEI code related questions here
Email: 
Phone: +36 1 483 6207, +36 1 483 6254, +36 1 483 6145, +36 1 483 6231

 

The LEI code is a 20-character international identifier for the clear identification all over the world of legal entities (banks, issuers, listed companies, stock exchange traders, investment funds, etc.) participating in financial transactions.

Issuers approved (Local Operating Unit - LOU) by the Global Legal Entity Identifier Foundation (GLEIF) are entitled to issue LEI codes. Until receiving GLEIF approval to issue LEI codes, KELER continuously assists market participants in accessing the LEI code without delay. To this end, KELER contracted WM Datenservice in Germany.

In order to remain valid, the LEI codes requested must be renewed annually. We inform Clients before the expiry of the LEI codes already managed by KELER to ensure the codes are renewed in time. It is possible to renew through KELER the LEI codes issued by other LOUs; in line with the mandate of the Client, KELER takes the necessary steps to renew the code.

Details of LEI code administration can be found below, in our Client Information under the Documents section.


Our colleagues are ready to help Clients with any questions that may arise.

Write us: You can contact us with LEI code related questions here. Email:
Phone: +36 1 483 6207, +36 1 483 6254, +36 1 483 6145, +36 1 483 6231


Documents:

New client documentation requirement:

  • Contract on cooperation related to LEI code application for organizations registered outside of Hungary exclusively

 

Download (778 KB)

 

 

  • Basic information of the contracting party, duly signed, to be submitted in one original copy 

 

Download (734 KB)

 

 

  • Specimen signature(s) of the signatory/signatories of the contract in original or certified copy, or official signature card in original copy or in electronically signed e-file sent to e-mail address  by the attorney that prepared the document.

  • Client Information on LEI code application

 

Download (395 KB)

 

 

Please mail or deliver personally the above documents to the address of KELER: H-1074 Budapest, Rákóczi út 70-72. Personally delivered (couriered) documents can be submitted between 9:00 and 15:00 hours on business days.


LEI code application form

 

Download (39 KB)

 

 

Regulatory environment

Download (297 KB)

General Business Rules of KELER Ltd.
Approved by the Board of Directors of KELER and the Central Bank of Hungary

Approved by the Board of Directors: Order 9/2020/5. on 16 December 2020

Approved by the Central Bank of Hungary: Order H-EN-III-613/2020 on 16 December 2020

Effective from: 17 December 2020

Download (1466 KB)

Fee Schedule of KELER Ltd.
Approved by the Board of Directors of KELER

Approved by the Board of Directors: Order 9/2020/11. on 16 December 2020

Effective from: 1 February 2021

Download (1108 KB)

KELER Depository Announcement - No. 9-09 on LEI services provided to entities registered in Hungary
Effective from: 1 February 2021

Download (247 KB)

GLEIF Terms of Use

Download (259 KB)

Certificate of Security and Privacy Control
See more at Privacy Policy menu

Download (346 KB)
Download (183 KB)

Transfer Request Form

Download (691 KB)