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On September 7, 2026, the Global Legal Entity Identifier Foundation (GLEIF) introduced two features of its Data Challenge Facility. Anyone who relies on Legal Entity Identifier data can rate the resolution of a challenge they raised, and resubmit that challenge if the outcome did not settle the issue. Both options stay open for 28 days … Continued

Since 9 October 2025, payment service providers (PSPs) in EU countries that use the euro have been required to offer a Verification of Payee (VoP) service for in-scope euro credit transfers, both standard and instant, free of charge to the payer. PSPs in EU countries outside the euro area follow later, with a general implementation … Continued

The United States has taken a decisive step toward standardizing how its financial regulators identify legal entities. On June 25, 2026, nine federal financial agencies, including the Securities and Exchange Commission (SEC), the Federal Reserve Board, and the Commodity Futures Trading Commission (CFTC), published the final joint rule under the Financial Data Transparency Act (FDTA) in the Federal Register. … Continued

The EU’s Digital Operational Resilience Act (DORA) became applicable on January 17, 2025. For many US businesses – especially those providing technology services to regulated financial institutions in the EU – this regulation introduces a concrete new requirement that directly affects them: EU financial entities must record a standardized identifier for each ICT third-party service … Continued

Whilst there is no regulation equivalent to the MiFID II within the US market, its use is becoming more widespread. The Dodd-Frank Act has accellerated the adoption of universal LEIs within the US and further changes that mandate more widespread adoption of LEIs are expected in the future. The CFCT, NAIC, FED and SEC now … Continued

Companies apply for an LEI through a service provider, like American LEI. They need to do this because companies can’t apply for or update details within the LEI database, which is managed by the Global Legal Entity Identifier Foundation – GLEIF. Instead, a service provider (LOU – Local Operating Unit) is assigned to each LEI … Continued

Every LEI is issued for a period of 1 year and needs to be renewed annually. It is extremely important to distinguish between renewing an LEI code and changing the data associated with an LEI. Changing the data means updating data in the GLEIF database. Be sure to update your company details with your service … Continued

LEIs are quickly being adopted by jurisdictions around the world. The unique 20-digit codes are now mandatory for many companies operating within Europe, North America, Australia, and Asia. While registering for an LEI may be compulsory for your company, the widespread adoption of LEIs comes with a host of benefits for financial services businesses. Promoting … Continued

As digital solutions become increasingly omnipresent, the importance of implementing mechanisms to establish trust in identity in the digital age increases too. Keeping our online identities safe is one side of the coin; keeping ourselves safe as we transact with faceless customers is the other. The complexity only increases when we consider the business transactions … Continued

LEI registration process varies between different countries and jurisdictions as not all countries have a local LEI issuer (LOU – Local Operating Unit) and most of the LOUs can issue LEIs only to specific regions. Therefore, the GLEIF has introduced the concept of Registration Agents (RA), where most of the RA-s are directly connected to … Continued