Global Finreg ApS is a Danish based data processing company specializing in the processing and dissemination of information in connection with LEI (Legal Entity Identifier) registrations on behalf of private entities or companies. LEI registrations are handled by GLEIF (Global Legal Entity Identifier Foundation), which is a supranational non-for-profit organization with headquarters in Basel. Issuance of LEI numbers, on behalf of GLEIF, is handled by accredited entities known as LOUs (Local Operating Units). Global Finreg ApS is an independent company, thus utilizing several GLEIF accredited LOUs for the issue, renewal and maintenance of LEI numbers.
Global Finreg ApS processes and disseminates LEI registration applications on behalf of the applicant entity or company.
FinReg offers registration, maintenance, and the possibility of doing Automatic renewal of LEI numbers on behalf of the applicant entity or company.
Upon the acceptance of the terms and conditions, the applicant entity or company authorizes Global Finreg ApS to on behalf of the entity or company, handle the registration and maintenance of LEI numbers with a LEI issuing LOU. The applicant entity or company also accepts that Global Finreg ApS is authorized to apply for, maintain, renew and transfer the applicant entity or company's LEI number to another LOU, provided that this does not entail costs for the applicant entity or company.
The current online registration fee is 99 EUR + VAT. This fee covers the initial registration and creation of a LEI number as well as a 12-month maintenance period that begins from the date of the LEI issue. All payments are done via credit card payments and the LEI applicant entity or company accepts to pay any additional fees charged to carry out the payment of the 99 EUR + VAT.
Global Finreg ApS offers the LEI applicant entity or company to renew the LEI number after expiration of the initial 12 month period. The price for renewal of a LEI number is currently 90 EUR + VAT. If the LEI number is not renewed, the LEI expires automatically after 12 months. Global Finreg ApS will reserve the right to contact the LEI applicant entity or company, approx. 2 months before expiration of the LEI number with a reminder to renew the number. The contact will be made via the email address provided in connection with the creation of the LEI number.
If the applicant entity or company chooses to apply for automatic renewal, Global Finreg ApS will on behalf of the entity or company renew the LEI number before the 12-month period expires. This feature will ensure that LEI number never expires and that the LEI Number is duly renewed.
If the price of renewal in the future does not exceed 90 EUR + VAT, the LEI applicant entity or company’s LEI Number will be renewed to 90 EUR + VAT or less. If renewal in the future can no longer be offered at 90 EUR + VAT or less, Global Finreg ApS will contact the LEI applicant entity or company. In this case, the LEI number will not be automatically renewed unless the LEI applicant entity or company has accepted the potentially higher price for renewal.
The Auto Renewal Agreement is valid only if the "Accept Automatic Renewal (Subscription)" checkbox is accepted. Global Finreg ApS will ensure that the LEI number is renewed in due time, which is expected to be 1-2 months before expiry of the LEI registration. A confirmation will be sent to the registered e-mail address about the status of the automatic renewal. In the event that Global Finreg ApS cannot process payments on the registered debit card in connection with the automatic renewal, a request will be sent to update payment information to the registered e-mail address with instructions on how to update the payment information. If credit card details is not updated, the Auto Renewal Agreement will expire after 15 business days from the update request
In connection with the use of Automatic Renewal (Subscription), the LEI Applicant Company or Legal entity is at all times responsible for updating credit/debit card information. If a credit/debit card has expired, or is otherwise inactive or blocked, Global Finreg ApS does not have the ability to make a duly renewal of the LEI registration. Updating or changing credit/debit card information can be completed under the LEI Administration menu-> Update credit/debit Card.
By taking advantage of the fully assisted LEI Application, Global Finreg ApS will handle the entire registration process. The price for the fully assisted application is 249 EUR + VAT and covers the costs of personal processing and verification of registration data. Global Finreg ApS will contact the applicant via telephone or e-mail if any addition information is required. After receiving the information, Global Finreg ApS will send a payment link, which will reserve the fully assisted application fee on the applicant's credit/debit card until the LEI registration has been finalized.
The LEI applicant entity or company accepts that Global Finreg ApS has the right to reserve the fee for up to 30 days. The LEI applicant entity or company accepts to submit a valid “power of attorney” document, which authorizes Global Finreg ApS to submit an application for an LEI number on behalf of the entity or company.
Global Finreg ApS charges Danish VAT of 25% from all LEI applicant entities or companies within the EU. It is up to the LEI Applicant Entity or Company with a valid EU VAT Number, to reclaim the Danish VAT with the local tax authorities in that country. LEI Applicant entities or companies outside the EU will not be subject to Danish VAT.
All payments with debit cards can be subject to various transaction fees determined by the card issuer, bank and NETS. Global Finreg ApS assigns all costs & fees relating to all services provided to the LEI Applicant Entity or Company. Global Finreg ApS passes on all costs arising from the payments directly to the Card issuer, Bank and NETS. Global Finreg ApS has earnings on these transaction fees. The total transaction fee will appear in the payment window.
The LEI applying company or entity will receive an order confirmation as soon as the application has been submitted and the service fee been paid.
An invoice will be provided via the registered e-mail address as soon as the validation process has been completed. Under normal circumstances, this process will be completed with 2-7 business days and an invoice containing the LEI number will be forwarded and the fee charged on the credit/debit card.
Global Finreg ApS reserves the right to charge the registered credit/debit card after the verification process has been initiated. The amount is charged to the credit/debit card at the time of the transmission of the application to the respective accredited LOU.
The LEI applicant entity or company is responsible for ensuring that all information submitted to Global Finreg ApS is correct and up to date. In the event of improper or obsolete information, Global Finreg ApS denies all responsibility for potential delays in the validation process of the LEI issuing LOU due to inaccurate or incorrect information. Likewise, Global Finreg ApS denies all responsibility for costs associated with the failure to report changes to the entity or company (corporate actions) that may affect the maintenance of the LEI number.
The LEI applicant entity or company agrees that it is required to report as soon as possible all types of relevant changes to Global Finreg ApS via its web portal account. Relevant changes are all changes to the information provided to Global Finreg ApS in connection with the initial LEI application. If the LEI Applicant entity or company does not continuously report relevant changes, Global Finreg ApS disclaims any liability for the financial or legal consequences of the failure to report. The LEI applicant entity or company is required to update contact information so that Global Finreg ApS has the opportunity to communicate relevant information to the LEI holding entity or company. The failure for not ensuring that all contact information is up to date solely rests upon the applicant entity or company.
The registrant, i.e. The natural person making the application on behalf of the LEI applicant entity or company indicates that he or she is legally authorized to conduct the LEI application on behalf of the LEI Applicant Entity or Company. If the registrant is not an “Authorized Signatory”, the registrant acknowledges to be empowered by the necessary documentation “e.g. letter of attorney” or other similar documents from the entity or company. Global Finreg ApS reserves the right to request this documentation, where it is deemed necessary.
Global Finreg ApS reserves the right to request additional documentation if any third party makes a registration on behalf of the LEI applicant entity or company. The registrant is required to ensure that the LEI application is unambiguous, i.e. that no LEI number has already been requested for the same entity or company. If the LEI applicant entity or company already has a valid LEI number, the application will be rejected from the respective LOU. In this case, Global Finreg ApS reserves the right to continue charging the fee to cover the costs of processing the application. Global Finreg ApS will invite the registrant to use the following search field (Seach LEI Records) to double check if the LEI applicant entity or company already has been issued a valid LEI number: https://www.gleif.org
Global Finreg ApS checks and validates that the information provided by the registrant is adequate for subsequent processing and validation by the individual LOU.
Global Finreg ApS will contact the registrant if the application is incomplete in order to obtain additional information that is necessary to complete the application.
Global Finreg ApS will make reasonable efforts to investigate whether the LEI applicant entity or company have not previously been issued a LEI number.
Global Finreg ApS will contact the registrant no later than 2 months before expiry of the LEI number if the LEI applicant entity or company has not signed up for the automatic renewal.
Current terms and conditions can be updated without notice. The current terms and conditions can be located under the terms and conditions on the company's website.
Significant changes will be communicated to the registered email address provided by the registrant.
The registrant accepts that the information disclosed to Global Finreg ApS in connection with the creation and issue of a LEI number will be publicly available and disclosed on the GLEIF website.