What's an LEI?
A Legal Entity Identifier, also known as an LEI, uniquely identifies your business. This is a regulatory requirement for businesses investing in financial markets. The only exception is money market funds, which don't require an LEI.
How to add an LEI?
- If you’ve already registered an LEI — we’ll find it for you during onboarding, all you need to do is confirm the details.
- If you don’t yet have an LEI, you can register it through Lightyear. To get started, open any instrument to start a buy order and select "Register an LEI to buy". This will take you through the registration and payment flow. If you buy it outside of Lightyear, it will be automatically added within the next 2 business days.
How much does it cost?
When purchasing an LEI through Lightyear, we charge cost price of 48 EUR + VAT for EU businesses, 21,500 HUF + VAT for Hungarian businesses.
My LEI code is about to expire
- Whether you bought it from us or not, we'll send you a reminder that it's soon time to renew it
- If you bought an LEI code from us, you can renew it in our app. This will cost 45 EUR + VAT for EU businesses, 20,000 HUF + VAT for Hungarian businesses.
- If you bought an LEI code elsewhere, you should continue renewing it through your provider as we can't move the renewing over to Lightyear. Once renewed we'll automatically receive this information and update your Lightyear account.
- New LEI code will expire in 1 year after being renewed.
Why does it show a 1-year renewal when my LEI is paid for multiple years?
This is expected and nothing to worry about. LEIs are validated and renewed on an annual basis, so it always shows the next 12-month renewal date, regardless of how many years you’ve paid for upfront.
If you bought a multi-year renewal, you’ve prepaid for several annual renewals and your LEI will be renewed automatically each year using that balance. You don’t need to do anything and it will simply update the renewal date by one year each time.