Terms and Conditions

1. Introduction

These terms and conditions govern the use of the LEI registration, renewal and management services provided by LEI Universal OÜ (hereinafter “LEI Universal”; LEI 9845004C4F3FC645AC20). LEI Universal acts as an LEI Registration Agent. We provide these services in cooperation with the GLEIF-accredited LEI issuers WM Datenservice (Herausgebergemeinschaft Wertpapier-Mitteilungen, Keppler, Lehmann GmbH & Co. KG; LEI 5299000J2N45DDNE4Y28) and Ubisecure Oy (RapidLEI; LEI 529900T8BM49AURSDO55). The issuer responsible for the application verifies the data and issues or renews the LEI number. By using our services, the applicant agrees to these terms in full.

Personal data is processed in accordance with our Privacy Policy, which forms an integral part of these terms.

2. Services

2.1
To start the registration, renewal or transfer of an LEI number, the applicant must complete the relevant application form. By submitting the form, the applicant confirms that they accept these terms, that the information provided is correct and that they are authorised to represent the legal entity in submitting the LEI application.
2.2
The applicant acknowledges that their contact details may be shared with the relevant LEI issuer (LOU).
2.3
The applicant authorises LEI Universal to accept the terms of the issuer responsible for the application on their behalf. Depending on the issuer, the WM Datenservice LEI registration service terms or the RapidLEI terms and conditions apply.
2.4
The applicant grants LEI Universal full authority to manage the LEI number, including applying for, renewing and transferring it.
2.5
The applicant acknowledges that transferring an LEI number may involve a change of LOU. If the LEI number is not currently managed by LEI Universal, it must first be transferred to our management before it can be renewed.
2.6
LEI Universal begins processing the application once payment for the selected package has been received.
2.7
A renewal can be ordered at any time. The LEI issuer normally carries out the renewal within the 60 days before the next renewal date. If the client orders the renewal or transfer of an LEI number managed by another service provider more than 60 days before that date, part of the remaining validity period may be lost.
2.8
A signed Letter of Authorisation (LoA) is always required to transfer an LEI number. When registering or renewing an LEI number, the applicant may also be asked to provide a notarised authorisation or another document proving their right to act on behalf of the legal entity. By signing on the website, the signatory confirms that the name, position and signature provided are correct and that they are authorised to represent the legal entity. The signed Letter of Authorisation and its audit log may be shared with the LEI issuer.
2.9
If the legal entity has a parent company that prepares consolidated financial statements, Level 2 data (parent company data) must be provided. If this data cannot be provided, a justified reason must be given. LEI Universal may request additional documents to verify the consolidation.
2.10
LEI Universal and the LOU make reasonable efforts to complete the application. If the registration, renewal or transfer cannot be completed because the applicant has provided insufficient information, neither LEI Universal nor the LOU is liable for any resulting losses.
2.11
Once the process is complete, a confirmation and an invoice are sent to the email address given in the application.
2.12
The application becomes final once it has been submitted and the terms have been accepted. Once processing of the application has begun, payments are no longer refundable, and the LEI number is issued on the basis of the information provided.
2.13
Once issued, the LEI number and its associated data are published on the GLEIF website. An LEI number cannot be deleted or transferred to another legal entity.
2.14
LEI Universal sends the applicant a reminder to renew the LEI number 60 days before it expires.

3. Prices and payment

3.1
The prices for LEI registration and renewal are shown on the LEI Universal website. The prices shown at the time of payment apply to your order. LEI Universal reserves the right to change these prices for future orders.
3.2
Payment must be made in accordance with the payment terms shown on the LEI Universal website. Until payment for the selected package has been received, LEI Universal has the right to suspend the processing of the application.
3.3
The mandatory GLEIF fees are included in the total price of the service.
3.4
The prices shown are final prices. No VAT is charged.
3.5
Additional services offered while the application is being completed, such as the verification of parent company data, are charged separately.
3.6
The verification of Level 2 data (parent company data) costs ₹1,100 per parent company per year.

4. Refunds

4.1
The client has the right to request a refund under the conditions set out in this section. To request a refund, email [email protected].
4.2
Refund requests are processed within 7 business days of receipt. Depending on the bank or payment service provider, it may take up to 30 days for the amount to reach the client’s account.
4.3
LEI Universal OÜ reserves the right to charge an administration fee of ₹2,100 for each approved refund. This fee is deducted from the amount refunded.
4.4
No refund is given in the following cases:
  • The client has given final confirmation of the LEI application and processing has begun.
  • The renewal process has been completed and the LEI number has been renewed.
  • The client requests a refund for a multi-year package after the service has already begun.
  • The client transfers the LEI number to another service provider before the end of the prepaid period.
  • The LEI number cannot be issued or renewed because of the client’s inaction (for example, if the required documents are not submitted within 60 days).
  • In other cases provided for in the GLEIF RA Governance Framework.
4.5
In refund matters, LEI Universal OÜ follows the guidelines of the GLEIF RA Governance Framework.

5. Governing law and dispute resolution

5.1
This agreement and any disputes or claims arising out of or in connection with it or its subject matter (including non-contractual disputes or claims) are governed by the laws of the Republic of Estonia.
5.2
The parties agree that disputes or claims are subject to the exclusive jurisdiction of the competent courts of the Republic of Estonia.

6. Limitation of liability

6.1
LEI Universal makes all reasonable efforts to ensure that the applicant obtains an LEI number.
6.2
LEI Universal is not liable for any indirect, incidental, special or consequential losses, including loss of profit, revenue, data or use, arising from the use of the services.
6.3
To the extent permitted by law, LEI Universal gives no express or implied warranties regarding the services, including any implied warranties of merchantability or fitness for a particular purpose.
6.4
LEI Universal is not liable for any failure or delay in performing its obligations caused by circumstances beyond its reasonable control, including but not limited to force majeure, natural disasters, war, terrorism, strikes, power or internet outages, and actions of GLEIF, the LOU or public authorities.

7. Final provisions

7.1
LEI Universal reserves the right to amend these terms at any time. We notify clients of material amendments by email at least 14 days before they take effect. Minor amendments (such as corrections, clarifications or changes required by law) may take effect immediately upon publication on the website. By continuing to use the services after the amendments take effect, the user accepts the amendments.
7.2
If a dispute arises between the applicant and LEI Universal, the parties will first try to resolve it through negotiation.
7.3
If you have any questions, please contact us by email at [email protected].