LEI – Legal Entity Identifier Information
Are you trading derivatives, currencies, bonds, equities, ETFs or other financial instruments traded on a trading venue?
Cooperation with Arctic
Nordea has entered into a cooperation with Arctic which provides a dedicated service where acquiring a LEI code only takes a few minutes. Their fast, easy and smooth process is completed in three simple steps
- Fill in company details
- Review and sign using local official authentication (NemID or BankID)
- Complete registration and Arctic sends you the LEI code
Select your preferred language for acquiring your LEI code
|Danish LEI Form||Norwegian LEI Form||Swedish LEI Form|
Do you want to take advantage of the LEI code full service option from Arctic, just send your current LEI code and Contact information (e-mail, Name and Company name) to firstname.lastname@example.org
Need to submit more than one company?
If you need to submit multiple companies, you can use our excel sheet for submitting multiple companies.
Instructions for using the multiple LEI code sheet, is included in the excel file. Once you have filled out the LEI codes, please send the excel sheet to LEI@nordea.com
All you need to know about Legal Entity Identifier (LEI):
EU has issued a new set of regulations to secure that those who trade financial instruments are uniformly identified. Unless you have an LEI code, you will not be able to trade many of the most common financial instruments in the EU. This might sound complicated and difficult, but it is actually fairly easy to get a LEI code. We have created a guide that explains how to get a LEI and let you continue trading.
What should you do?
- Acquire a LEI code from one of the official LEI Code issuers.
- Submit your LEI to Nordea.
- Once you have received an approval from Nordea, you can trade equity, bonds and ETF’s as usual.
What is LEI?
The Legal Entity Identifier (LEI) is a 20-digit, alphanumeric code that connects to key reference information that enables clear and unique identification of companies participating in global financial markets. LEI is designed to create a global reference data system that uniquely identifies every legal entity or structure, in any jurisdiction, that is party to a financial transaction.
Why do we need a global identification system?
In 2011 ,following the financial crisis, the G20 called on the Financial Stability Board (FSB) to provide recommendations for a global Legal Entity Identifier (LEI) and a supporting governance structure. This led to the development of the Global LEI System which, through the issuance of LEIs, now provides unique identification of legal entities participating in financial transactions across the globe. The FSB emphasized that global adoption of the LEI underpins multiple “financial stability objectives” and also offers “many benefits to the private sector”.
Who needs a LEI?
LEI codes are required for all legal entities falling into one of the categories below:
- All entities trading derivatives (except for private individuals)
- All entities issuing equity, debt and all entities listed on an exchange
- All entities trading equity or debt (except for private individuals)
All entities supervised by a financial regulator and their affiliates, subsidiaries and holding companies.
Can I get an LEI code on my own?
Yes. Obtaining an LEI code is done by self-registration at an active and endorsed Local Operating Unit (LOU). There are some 30 LOUs responsible for issuing LEIs, validating legal entity information, and maintaining LEIs on behalf of the registrants.
What does it cost?
Registration and maintenance fee are set from the guidelines of the Financial Stability Board (FSB) and all fees are on a strictly cost-covering basis. Registration cost is approximately 100€ and 100€ in annual maintenance per registered entity.
Who issues LEI codes?
A LOU endorsement is an approval from the ROC that the LOU fulfils its requirements and obligations
The number of active and endorsed LOUs is increasing rapidly. You can find the most recent list available on the ROC site.
Request LEI code from Arctic
For Nordea customers operating in Sweden, Denmark and Norway, we
recommend using Arctic:
For Nordea customers operating in other Nordic countries –
following LOUs are currently operational.
- Rapid LEI
- LEI Nummer (For Danish customers)
- WM Datenservice
- Global Market Entity Identifier (GMEI) (former CICI)
- London Stock Exchange Group (LSEG)
- Finnish Patent and Registration Office (PRH)
Nordea LEI Status
|Legal Entity||Registered LEI|
|Nordea Bank Abp||529900ODI3047E2LIV03|
|Nordea Hypoteksbank Plc||7437001LESKGLAEOEU84|
|Nordea Hypotek AB (publ)||5493000K2HPWIF6MFO29|
|Nordea Eiendomskreditt AS||549300TTWFTM3HRP0618|
|Nordea Liv & Pension, Livsforsikringsselskab A/S||529900CTPO9HC9D2CH74|
|Nordea Livförsäkring Sverige AB||529900MUOVW4H06TQA34|
|Livsforsikringsselskapet Nordea Liv Norge AS||5299005TCAEGOHRI6930|
|Nordea Life Assurance Finland Ltd||529900K08EYX3I3MTH59|
|Nordea Bank S.A. (Luxembourg)||549300HRD8DR1Q6K8X60|
Get your LEI code in time – reduce your business risk and contribute to financial market transparency