NordLEI is a service provider for the Nordic region, facilitating the process of LEI registration and maintenance. LEIs are used in EU and international financial industry regulations, e.g. EMIR and MiFID II/MiFIR.
NordLEI operates by facilitating LEI issuance to clients in cooperation with the GLEIF accredited LOU the GMEI Utility (the Global Markets Entity Identifier Utility, previously known as the CICI Utility). NordLEI is an Registration Agent officially recognised by the Global Legal Entity Identifier Foundation (GLEIF). Through the service collaboration, NordLEI allows its clients to obtain valid LEI registration via its web portal, thereby ensuring prompt LEI issuance from the world's largest LOU. By having the direct relationship with NordLEI, clients are given not only prompt LEI issuance, but also the additional values of:
- Payments in local currency at the time of LEI registration and annual maintenance
- Access to NordLEI expertise in regulatory issues related to derivatives transaction reporting
- Local customer support and local language support documents
- Bespoke bulk processing and invoice handling available
NordLEI, through the GMEI utility follows the standards set forth in ISO 17442, as well as the governing framework of the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS).
NordLEI facilitates the process of Legal Entity Identifier (LEI) registration in the United Kingdom through UKLEI, in Germany and Italy through EuroLEI.