1. Background about Global Legal Entity Identifier System.

The Global Legal Entity Identifier System (GLEIS)is a G20 and Financial Stability Board (FSB) endorsed global initiative to deliver unique identification of parties to financial transactions across the world, other than natural persons.

The GLEIS system of identification will be used widely throughout the public and private sectors. The legislation and regulation of many countries have already requested, or will request in the near future, the use of the LEI for identifying entities in the reporting of some financial transactions. It will bring widespread benefits. In particular, such a system will provide a valuable ‘building block’ to contribute to and facilitate many financial stability objectives, including: improved risk management in firms; better assessment of micro- and macro-prudential risks; facilitation of orderly resolution of financial firms; containing market abuse and curbing financial fraud; and enabling higher quality and accuracy of financial data overall.

2. What is LEI?

LEI (Legal Entity Identifier) is a unique code associated with a single legal entity in accordance with the ISO 17442 standard, the code is composed of 20 alphanumeric digits.

3. What significance is it to establish LEICN?

LEICN is operated and managed by China Financial Computerization Corp (CFCC), provides LEI services from August 18, 2014. This facilitates legal entities to apply and maintain their LEIs, in addition, it helps supervisory institutions strengthen information management, and improves our ability to participate in related international standards.

4. How to access to information related to global LEIs?

There are two channels to access to information related to global LEIs:

l  Log on to www.leiroc.org, you can browse news and query LEI information;

l  Log on to www.leichina.org, you can apply for LEIs, browse issued LEIs, etc.

5. Which entities need LEIs?

Currently, LEIs are needed in international financial markets in some countries and regions in Europe and America, and become mandatory items in financial market supervisory reports. Thus, financial institutions, financial intermediary companies, entities registered at global exchanges, companies with stock or security businesses, and trading companies may need to apply for LEIs.

6. How to apply for LEIs or modify information at LEICN?

    Any legal entity which need to apply for an LEI can register as an user at www.leichina.org, activate the uer account, then log on to fill in related information and send application to LEICN. Users can receive e-mails from LEICN system when they activate their accounts, lose password, pass validation, or get LEIs. In addition, users can submit applications to modify information. LEICN hotline: 4006688588,After dialing press 8 ; e-mail: service@leichina.org.