LEI Update and Renewal: Keep Your LEI Record Current

Update Your LEI Record 

Outdated LEI records can contribute to delays in trading, onboarding, or reporting checks. Update your LEI details promptly to help support trading and reporting compliance.

An LEI number is a globally recognized identifier linked to key reference data about your entity. Keeping this data accurate is essential in regulatory and reporting contexts where LEIs are required. Under regimes such as UK MiFIR, firms may be unable to execute trades for eligible clients that do not have an LEI.

To support compliance, your LEI reference data should be kept current. While the annual LEI renewal process provides a yearly re-validation of your record, any material changes to your entity’s details should be submitted as they occur. This helps prevent data mismatches that could create issues in trading, onboarding, or reporting workflows.

What Is an LEI Update and Why It Matters

An LEI update helps keep your entity’s public LEI record aligned with its current reference data. Since an LEI is used in regulatory reporting, onboarding, and entity verification contexts, keeping your reference data accurate can support smoother interactions with financial institutions and help avoid delays when renewing your LEI.

LEI Renewal vs LEI Update vs LEI Transfer

Purpose Frequency
LEI Renewal Re-validate LEI reference data with the managing LEI issuer. Annual
LEI Update Amend LEI reference data after changes to entity details. As needed
LEI Transfer Move the LEI record to a different managing LEI issuer. Optional

Is Your LEI Record Still Current? When to Renew or Update Your LEI

Many LEI issuers allow for renewing an LEI before the next renewal date, and some open renewal up to 60 days in advance. However, an LEI update may be needed whenever entity details change so that your reference data remains current.

Key LEI Record Details That May Need Updating

Changes that may need to be reflected in your LEI record include:

Name Changes

A new legal name filed with the relevant company registry.

Registered Address Changes

A change to the registered address or other core registration details.

Restructuring

Mergers, acquisitions, or parent-relationship changes that affect the record.

Legal Form Changes

A change in legal form, such as Ltd to PLC.

Keeping LEI reference data current can help reduce mismatches that may create delays in onboarding, reporting, or compliance checks. If the annual LEI renewal is missed, the registration status may become lapsed.

How to Renew or Update Your LEI Number in Three Steps

Our process is designed to help you renew or update your LEI record efficiently.

STEP 1

Identify Changes in Your LEI Record

Enter your 20-character LEI and select the fields that need updating. If you are renewing your LEI without changes, confirm that your existing reference data remains accurate.

STEP 2

Verify Company Information

Provide any supporting company documents required to verify the change, where applicable. This helps ensure the LEI update can be validated against reference-data requirements.

STEP 3

Submit for Validation

We submit the update to the managing LEI issuer, or support the submission process where applicable. Once accepted, the renewed LEI record is reflected in the Global LEI Index, which may help avoid delays in reporting or onboarding workflows.

What Happens If an LEI Is Lapsed?

If your annual LEI renewal is missed, the registration status in the Global LEI Index changes to Lapsed. A lapsed LEI remains valid, but it shows that the record is behind schedule for renewal.

This may create operational issues for your business:

  • Trading and Reporting Checks: Under regimes such as UK MiFIR, firms may be unable to execute trades for eligible clients that do not have an LEI. A lapsed LEI may also lead to additional checks in some workflows.
  • Onboarding and Due Diligence: A lapsed status may create extra questions or delays during onboarding, KYC, or periodic reviews.
  • Administrative Delays: Missing your LEI renew date or having stale reference data can contribute to reporting issues, follow-up requests, or other administrative bottlenecks.

Can You Renew an LEI for Multiple Years?

Yes. We offer 1, 3, and 5 year LEI renewal plans. Although LEI data must still be re-validated annually, a multi-year plan helps manage those yearly renewals in advance and can reduce admin compared with renewing each year separately.

LEI Renewal Pricing and Options

Choose the plan that best fits your entity’s needs.

Whether you need an LEI record update, a standard LEI renewal service, or a multi-year renewal plan, we offer transparent, UK-based support.

Service Best for From
LEI Renewal — 1 Year Standard annual renewal £50 + VAT
LEI Renewal — 3 Years Lower yearly cost over time £135 + VAT
LEI Renewal — 5 Years Long-term renewal planning £200 + VAT
LEI Record Update Changes to entity details such as name, address, or other reference data Contact us
LEI Transfer Move your LEI management to us before renewal Free transfer

Get In Touch To Update or Renew Your LEI

Keeping LEI data up to date can help reduce unnecessary delays. Update your LEI details or renew your LEI to support smoother trading, onboarding, and reporting checks.

If you need help with a complex LEI update or want to clarify the renewal requirements, please contact our team.

Frequently Asked Questions

With LEI24, you submit your renewal details through our service and we handle the renewal process with the managing LEI issuer. Renewal re-validates your entity’s LEI reference data and updates the next renewal date.

Yes. LEI data is maintained through annual renewal, which re-validates the legal entity reference data at least once a year with the LEI issuer.

Usually every 12 months. LEI renewal is an annual re-validation process, and the record includes a next renewal date set for the LEI.

A lapsed LEI means the record was not renewed on time. The LEI remains valid, but its registration status shows it is overdue for renewal.

Yes. LEI24 offers 1, 3, and 5 year renewal plans. Annual re-validation is still required, but a multi-year plan helps manage those yearly renewals in advance.

Renewal helps keep your LEI reference data accurate. That matters in reporting, onboarding, and other workflows where firms rely on current entity data.

If your entity details change, LEI24 can help you submit the update for validation with the managing LEI issuer. Updates should be made when reference data changes.

By proceeding, you will be redirected to our platform to complete your LEI registration, renewal, or transfer.

By proceeding, you will be redirected to our platform to complete your LEI registration, renewal, or transfer.

By proceeding, you will be redirected to our platform to complete your LEI registration, renewal, or transfer.

Amir Mechouk

CTO

Shane Healey

Chief Financial Officer

Darko Brzica

Chief Marketing Officer

Robert Andersson

Senior Advisor

Polina Bojilova Taliana

Managing Director