Local Operating Unit - Organisations which may issue LEIs - Canadian LEI
All counterparties to OTC derivative transactions defined under OSC Rule 91-507 must have an LEI

News – Local Operating Unit

Transferring an LEI code to Canadian LEI

Companies apply for an LEI through a service provider, like Canadian LEI. They need to do this because companies can’t apply for or update details within the LEI database, which is managed by the Global Legal Entity Identifier Foundation – GLEIF. Instead, a service provider (LOU – Local Operating Unit) is assigned to each LEI […]

Legal Entity Indentifiers: Renewing your LEI number

Every LEI is issued for a period of 1 year and needs to be renewed annually. It is extremely important to distinguish between renewing an LEI code and changing the data associated with an LEI. Changing the data means updating data in the GLEIF database. Be sure to update your company details with your service […]

When do you need a Legal Entity Identifier?

The use of LEIs within Canada is mandated by the Provincial Governments. LEIs have been compulsory in Manitoba, Ontario and Quebec since October 31, 2014 and across all other provinces and territories since July 2016. Legal entities that trades in debt securities have been required to report the trades to the relevant body within their […]