• Trusted LEI - trusted by companies worldwide. Powered by expertise. Built for compliance.
info@trustedlei.eu

Terms and Conditions

Terms and Conditions

 

Last Updated: 11/08/2025

1. Introduction

These Terms and Conditions (“Terms”) govern the provision of Legal Entity Identifier (“LEI”) registration, renewal, transfer, and associated services (“Services”) provided by Trusted LEI Ltd, a company incorporated under the laws of the Republic of Latvia with registered office at Republikas laukums 3-12, LV-1010, Riga, Latvia (“Trusted LEI”, “we”, “us”, “our”).

 

We act as an authorised LEI Registration Agent within the Global LEI System (“GLEIS”), facilitating LEI-related transactions between our clients and our accredited Local Operating Unit (“LOU”) partner, Ubisecure Oy, operating as RapidLEI, a GLEIF-accredited LOU.

 

By ordering our Services, you (“Client”, “you”, “your”) agree to these Terms. These Terms are in addition to, and incorporate by reference, the RapidLEI Global LEI System Terms and Conditions, which govern all LEI issuance, renewal, and management activities.

 

The RapidLEI Terms are available at: https://rapidlei.com/documents/global-lei-system-terms/

 

TrustedLEI acts as a Registration Agent (RA) for Ubisecure Oy (RapidLEI), a GLEIF-accredited Local Operating Unit (LOU). All LEI issuance, renewal, and transfer operations are performed by RapidLEI in accordance with the Global LEI System Terms and Conditions. By applying for or renewing an LEI through TrustedLEI, you also agree to these RapidLEI terms.

 

TrustedLEI Ltd acts solely as a Registration Agent. The Legal Entity Identifier (LEI) is issued, renewed, and managed by our LOU partner Ubisecure Oy (RapidLEI), accredited by the Global Legal Entity Identifier Foundation (GLEIF)

 

2. Definitions

For these Terms:

  • Trusted LEI – Registration Agent (RA).
  • LEI – Legal Entity Identifier, a 20-character alphanumeric code compliant with ISO 17442.
  • GLEIF – Global Legal Entity Identifier Foundation, the supervisory authority of the Global LEI System.
  • LOU – A GLEIF-accredited Local Operating Unit authorised to issue and maintain LEIs.
  • GLEIS – Global Legal Entity Identifier System.
  • Registration Agent (RA)– A service provider registered with GLEIF to facilitate LEI-related transactions with an LOU.
  • Entity – The legal person, trust, fund, or other organisation for which the LEI is requested.
  • Reference Data – The publicly available data associated with an LEI, as defined in the Common Data File (CDF) formats mandated by GLEIF.
  • Letter of Authorisation (LoA).
  • Power of Attorney (PoA).

 

3. Scope of Service

3.1 Nature of Role

Trusted LEI does not issue LEIs. We act solely as an intermediary between the Client and an LOU. We prepare, submit, and manage LEI applications and renewals on your behalf.

3.2 Service Offerings

  • New LEI issuance
  • LEI renewal
  • LEI transfer between LOUs
  • LEI data record update
  • Bulk LEI portfolio management

3.3 Jurisdictional Scope

We serve clients worldwide except in jurisdictions where such services are restricted by applicable law or sanctions.

3.4 No Regulatory Advisory Service

Our Services do not include legal, tax, or financial advice. You are responsible for determining your regulatory obligations.

 

4. Client Authorisation and Representation

4.1 Authority to Act

By using our Services, you (the Applicant)

a)The applicant authorises and gives full rights to the Trusted LEI (RA) to apply for Legal Entity Identifiers (LEI) codes on the client’s behalf and to act as the Legal Entity’s Registration Agent.

      b) The applicant confirms that she/he has the full authority to apply for LEI on behalf of the Legal Entity.

      c)The applicant must be made aware that they may be required to supply a Letter of Authorisation (LoA) or Power of Attorney (PoA) or any other proof that the applicant is authorised to apply for LEI on behalf of the Legal Entity.

      d) LoA templates can be found on the TrustedLEI website here: https://trustedlei.eu/documents          

e)   Grant us the power to accept and bind the Entity to the LOU’s contractual terms: https://rapidlei.com/documents/global-lei-system-terms/

4.2 Proof of Authority

We may require supporting documents such as incorporation certificates, company registry extracts, a signed power of attorney (PoA), Letter of Authorisation (LoA) or any other proof that the applicant is authorised to apply for LEI on behalf of the Legal Entity.

 

5. Data Accuracy and Verification

5.1 Client Responsibility

You must ensure that all information provided is accurate, complete, and current.

5.2 Verification

We and the LOU will verify submitted data against authoritative sources (e.g., business registries, supervisory authority lists).

5.3 Supporting Documentation

The LOU may require additional documents to validate ownership, parent relationships, or registration details. Failure to provide requested documents will delay or prevent LEI issuance.

 

6. Public Nature of LEI Data

6.1 Open Data Principle

GLEIF publishes all LEI data, and the LOU by the Open Data Charter. It is publicly accessible and cannot be removed or made private.

6.2 Non-Confidentiality

By applying for an LEI, you consent to your Entity’s reference data being made public globally.

 

7. Renewal Obligations

7.1 Annual Requirement

LEIs must be renewed annually to maintain their “ISSUED” status.

7.2 Client Responsibility

We will send reminders, but it is your sole responsibility to renew before expiry. Failure to renew results in the LEI status changing to “LAPSED”, which may affect regulatory compliance.

7.3 Data Reconfirmation

Renewal requires reconfirmation or updating of the Entity’s reference data.

 

8. Transfers

8.1 Initiating Transfer

You may request to transfer your LEI from one LOU to another. We will facilitate such transfers by the GLEIF policy.

8.2 Transfer Conditions

Transfers require your authorisation and may involve administrative processing times. LoA is needed to transfer and renew LEI.

 

9. Fees and Payment

9.1 Pricing

Our prices are published on our website and include applicable LOU fees unless otherwise stated.

9.2 Payment in Advance

Full payment must be received before we can process your application.

9.3 Refund policy

a) TrustedLEI honours refund and cancellation rights as required by the GLEIF RA Governance Framework.

b) Legal entities are entitled to request a refund within 60 days of the LEI registration, renewal, or transfer, provided a duly signed transfer objection form is submitted and verified.

c) The refund period and conditions, as detailed under the GLEIF RA Governance Framework, will be honoured appropriately.

9.4 Payments

a) TrustedLEI does not handle or store your credit card details on its servers. All payment information is securely processed by our payment gateway partner, Stripe (www.stripe.com). Your billing address will be requested during the payment process and included on your invoices.

b) The Client acknowledges and agrees that in certain jurisdictions additional registry or third-party fees may be payable in connection with the issuance of an LEI, and such fees shall be borne by the Client in addition to the fixed service fee.

 

 

10. Liability and Disclaimers

10.1 No Guarantee

We do not guarantee that an LEI will be issued, renewed, or transferred, as final decisions rest with the LOU.

10.2 Limitation of Liability

Our liability is limited to the amount you paid for the Service in question.

10.3 Indirect Damages Excluded

We are not liable for loss of business, profits, regulatory fines, or other indirect or consequential losses.

10.4 Force Majeure

We are not liable for delays or failures caused by events beyond our control (e.g., registry outages, LOU downtime, sanctions).

 

11. Data Protection and Cross-Border Transfer

11.1 GDPR Compliance

We process personal data by Regulation (EU) 2016/679 (GDPR).

11.2 Cross-Border Transfer

LEI data and related personal data may be transferred to LOUs or GLEIF servers located outside the EEA. By using our Services, you consent to such transfers.

11.3 Retention

We retain records as required by law and GLEIF policy.

11.4 Your data

You may view the information we hold about you in the ‘My Profile’ section of your Account and request corrections to any inaccuracies.

 

12. Intellectual Property

All intellectual property rights in our website, content, and branding remain the property of Trusted LEI Ltd.

 

13. Termination

We may terminate Services if:

(a) You breach these Terms;

(b) You provide false or misleading information;

(c) We are legally required to cease Services.

 

14. Governing Law and Jurisdiction

14.1 Governing law

This agreement and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed under the law of Latvia. 

14.2 Jurisdiction

Each party irrevocably agrees that the courts of Latvia shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this agreement or its subject matter or formation.

 

15. Changes to Terms

We may update these Terms to reflect changes in law, GLEIF policy, or our operations. Updated Terms will be published on our website.

 

16. Contact Details

Trusted LEI Ltd

Republikas laukums 3-12

LV-1010, Riga, Latvia

 

Email: info@trustedlei.eu

Website: https://trustedlei.eu