On 3 January 2018, the legislation for investment firms will be amended (MiFID II). This means that each company or legal entity will require a Legal Entity Identifier (LEI) in order to be allowed to conduct purchase or sale transactions on the stock exchange. A LEI is a unique number which enables financial supervisors (such as the Netherlands Authority for the Financial Markets) to track global transactions and take action where necessary. The ultimate goal is to improve the transparency of the financial markets, gain better control of the risks and protect investors.
As of 3 January 2018, companies or legal entities that own shares or derivatives must have a LEI. Firms or legal entities that do not have a LEI might no longer be able to purchase or sell on the stock exchange. Contact your bank or asset manager in order to determine whether you need a LEI.
How to request and purchase a LEI via the Chamber of Commerce
A LEI can easily be obtained from the Chamber of Commerce. All that is required is to link your company data as registered in the Business Register and to follow a few simple steps. Moreover, the fee we charge is favourable compared to other countries. Dutch-based branches of foreign companies can also request a LEI from the Chamber of Commerce. However, the Chamber of Commerce only issues LEIs to legal entities registered as Dutch legal forms in its Business Register. It is therefore mandatory for these branches to be registered as such in the Business Register. Legal entities that are not registered in the Dutch Business Register are not allowed to request a LEI. These entities need to request a LEI with one of the other Local Operating Units. A LEI costs € 65,- excl. VAT. An annual renewal costs € 40,- excl. VAT. Simply request a LEI by completing the form below. We will send you an invoice upon accepting your request. Once we have received payment, the LEI will be issued within ten business days.
The LEI Register of the Chamber of Commerce has been officially certified by the Global Legal Entity Identifier Foundation (GLEIF). Check the official Accreditation Certificate. More information about the GLEIF can be found on their website.
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