Terms and Conditions


About LEI Kode ApS


LEI Code Aps is a Danish data processing company that specializes in processing and disseminating information in connection with LEI (Legal Entity Identifier) registrations on behalf of companies or legal entities. LEI registrations are handled by GLEIF (Global Legal Entity Identifier Foundation), which is a supranational non-profit organization headquartered in Basel. The issuing of LEI numbers, on behalf of GLEIF, is done by accredited LOU (Local Operating Units).


LEI Code Aps is independent and thus uses several GLEIF accredited LOUs for the issuance, renewal and maintenance of LEI numbers.


Service


LEI Code Aps processes and disseminates LEI registration applications on behalf of the applicant company or legal entity.


LEI Code Aps offers registration and maintenance, and any. automatic renewal of LEI numbers on behalf of the applicant company or legal entity.


Upon acceptance of the terms and conditions, the applicant business or legal entity accepts that LEI Code Aps, on behalf of the applicant business or legal entity, has authorization (power of attorney) to perform the registration and maintenance of LEI numbers with a LEI issuing LOU . The applicant business or legal entity also accepts that LEI Code Aps is authorized to create, maintain, renew and transfer the applicant's or legal entity's LEI number to another LOU, if this does not incur costs to the applicant business or legal entity .


Prices and payments


Registration fee


The current and current registration fee is NOK 590. This fee covers initial registration and creation of a LEI number as well as maintenance and changes to the registration for a period of 12 months from the date of issue.


The amount is payable by bank transfer to LEI Code Aps bank connection, the information appears on the invoice that the LEI applicant company or legal entity receives when ordering. The application process will not start until we have registered the payment.


Renewal fee


LEI Code Aps offers the LEI applicant business or legal entity to renew the LEI number after the expiry of the 12-month period. The price for renewal of a LEI number is currently 540 NOK.


If the LEI registration is not renewed, the LEI number automatically expires after 12 months. LEI Code Aps will reserve the right to contact the LEI applicant company or legal entity, approx. 2 months before the expiry of the LEI number with a renewal reminder. The contact will be made via the email address provided in connection with the creation.


Responsibilities and obligations of the LEI applicant business or legal entity

The LEI applicant company or legal entity guarantees that all information provided to LEI Code Aps is accurate and up to date. If incorrect or outdated information is provided, LEI Code Aps disclaims all liability for delays in the validation process of the LEI issuing LOU due to missing or incorrect information. Likewise, LEI Code Aps disclaims responsibility for costs associated with failure to report changes to the entity or company (corporate actions) that may impact the maintenance of the LEI number.


The LEI applicant company or legal entity accepts that it is obliged to report all relevant changes as soon as possible. Relevant changes are all changes to the information provided to LEI Code Aps in connection with the initial LEI application. If the LEI applicant company or legal entity does not report relevant changes on an ongoing basis, LEI Code Aps disclaims any responsibility for financial or legal consequences of the failure to report. The LEI applicant company or legal entity is required to update contact information so that LEI Code Aps has the opportunity to make contact.


The registrant, ie. the natural person making the application for the LEI applicant business or legal entity indicates that it is authorized and authorized to make the LEI application on behalf of the LEI applicant business or legal entity. If the registrant is not eligible for subscription to the company or legal entity, the registrant acknowledges having the necessary documentation (proxy) available from the company or legal entity. LEI Code Aps reserves the right to request this documentation where it is deemed necessary.


LEI Code Aps reserves the right to request additional documentation should any third party register for the LEI applicant business or legal entity.


The registrant is obliged to ensure that the LEI application is unambiguous, ie. that no LEI number has already been applied for to the same entity or company. If the LEI applicant company or legal entity already holds a valid LEI number, the application will be rejected by the respective LOU. In this case, LEI Code Aps will reserve the right to continue to charge the fee to cover the costs of processing the application.


LEI Code Aps will encourage the registrant to use the following search box (Seach LEI Records) to double check whether the LEI applicant entity or company has already been issued a valid LEI number: https://www.gleif.com


Responsibility and obligations for LEI Kode ApS


LEI Code Aps verifies and validates that information provided by the registrant is adequate for the subsequent processing by the individual LOU.

LEI Code Aps will contact the registrant if the application is incomplete in order to obtain additional information that can complete the application.

LEI Code Aps will make reasonable efforts to investigate whether the LEI applicant entity or company has not previously been issued a LEI number.

LEI Code Aps will contact the registrant no later than 2 months before the expiry of the LEI number of the LEI applicant entity or company if the previous application was NOT set to automatic renewal (subscription). The LEI applicant entity must no later than one month before automatic subscription renewal cancel this by email to info@leicode.com


General terms


Current terms and conditions are subject to change without notice. The applicable terms and conditions can be found under the Terms and Conditions on the company's website. Significant changes will be communicated to the registered email address provided by the registrant. Under normal circumstances, the LEI applicant entity or company should expect a total processing time of 4-12 business days from the application is submitted until a valid LEI number can be submitted. The LEI applicant company or legal entity accepts that under special circumstances it may take up to 30 days before the application is finalized and a valid LEI number can be submitted.


Cancellation


The LEI applicant entity or company accepts that there is no cancellation right after the application is submitted and paid. LEI Code Aps is under no obligation to refund any fees paid if the LEI applicant or legal entity cancels after payment of the fee has been made.


Publicly available data


The registrant accepts that information provided to LEI Code Aps in connection with the creation of a LEI registration will be disclosed and published on the GLEIF website.

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