Renewals & Validity
Maintaining your LEI
When does an LEI expire?
An LEI is valid for exactly one year from the date of issuance or its last renewal. It does not 'expire' in the sense of disappearing, but its status ...
How often do I need to renew my LEI?
Renewal is an annual requirement. To maintain an 'Issued' status, which is necessary for regulatory reporting, the data associated with your LEI must ...
What happens if I let my LEI expire?
Allowing an LEI to lapse can disrupt your business. Financial institutions may block your trades or delay transactions until the LEI status is restore...
Can I renew an LEI that has already lapsed?
Yes, a lapsed LEI can be reactivated at any time. The process is identical to a standard renewal; we simply re-validate your data and update the statu...
What does "Lapsed" status mean?
'Lapsed' indicates that the entity has failed to renew its LEI by the due date. While the code remains discoverable, the data is considered outdated, ...
What is the cost of LEI renewal?
Renewal costs vary by service provider but are generally lower than the initial registration fee. TotalLEI offers competitive rates, especially when m...
Can I renew my LEI for multiple years in advance?
Absolutely. We offer multi-year plans (e.g., 3 or 5 years) where you pay once, and we automate the annual renewal checks for you, ensuring you never i...
Will TotalLEI remind me when my renewal is due?
Yes, we send timely automated notifications via email well in advance of your expiry date, giving you ample time to process the renewal without rushin...
Why do I have to pay to renew my LEI?
The fee covers the administrative cost of checking and validating your entity's data against official registries. This annual re-validation is crucial...
Do I need to re-submit documents for renewal?
Generally, no. Unless your company structure or legal details have changed significantly, we can usually validate your data against the public registr...
How long does the renewal process take?
Renewals are typically faster than initial registrations. In many cases, the update is processed within a few hours, though it can take up to 24 hours...
Can I set up automatic renewals?
Yes, by choosing a multi-year plan, you effectively enable automatic renewals. We handle the annual validation internally, contacting you only if we d...
Is a lapsed LEI valid for historical trades?
A lapsed LEI remains valid for identifying the entity in trades that occurred while the LEI was active. However, it cannot be used for new trades or c...
How do I check my LEI's expiration date?
You can check your status anytime by entering your company name or LEI code into the search bar on the TotalLEI website or the main GLEIF index. The '...
Can I renew an LEI managed by another provider?
To renew with us, you must first transfer the LEI to our management. This is a simple, free process, after which you can benefit from our renewal rate...