Terms and Conditions
Standard Business Terms and Terms of Use of Bundesanzeiger Verlag GmbH (“Bundesanzeiger Verlag”) governing the Application for a Legal Entity Identifier (LEI) to the international issuing office and the register of Bundesanzeiger Verlag for LEI – www.lei-now.in
as of 31/08/2026
PART I
1. Framework conditions
1.1. The GLEIS
The Legal Entity Identifier (the “ LEI ”) is a globally unique identifier used to identify the legally separate entities assigned to it. LEI cannot be issued to natural persons; LEI can only be issued to legally separate units (“ Legal Entity ”) within the meaning of the GLEIS and ISO Standard 17442. The LEI is issued and managed in a system specifically created for this purpose by the Global Legal Entity Identifier Foundation, Basel, Switzerland (the “ GLEIF ”) – the Global Legal Entity Identifier System (the “ GLEIS ”). The GLEIS was established by the GLEIF according to the specifications of the G 20 (Group of Twenty most important industrial and emerging countries) and the Financial Stability Board (“ FSB ”) and is monitored by the Regulatory Oversight Committee (“ ROC ”). Within the scope of the GLEIS, a register which is accessible to and can be freely inspected by the public has been created in which every registered Le-gal Entity with its pertaining LEI as well as further relevant data (in particular so-called Legal Entity Reference Data, “ LE-RD ”, as can be seen from the “common data file format” published under www.gleif.org) are published. This register and the data contained therein can be freely used in accordance with GLEIS requirements.
1.2. The LOU
Bundesanzeiger Verlag GmbH, Amsterdamer Straße 192, 50735 Cologne, Germany, incorporated under the laws of Germany under the registration number HRB 31248 (“Bundesanzeiger Verlag”) is accredited by the GLEIF for the issuance of LEIs (a so-called Local Operating Unit, “ LOU ”) and, as a part of the GLEIS, is authorised to issue and manage LEI and LE-RD in accordance with GLEIS requirements.
1.3. The Legal Bases
The detailed structure of the GLEIS and pertaining legally relevant docments, including in particular the relevant contracts between Bundesanzeiger Verlag and the GLEIF forming the basis of Bundesanzeiger Verlag’s position as an LOU, are available on the GLEIF’s website under www.gleif.org. In this agreement governing the registration in the Legal Entity Identifier Register (the “ LEI Now ”) of the Bundesanzeiger Verlag as well as the application, use, maintenance and management of an LEI (this “ Agreement ”), reference is occasionally made to this documentation.
2. Subject matter of this Agreement
2.1. GLEIS’ precedence
This Agreement forms the legal basis for Bundesanzeiger Verlag checking the prerequisites for issuing an LEI, and for issuing and managing an LEI upon fulfilment of such requirements. The Agreement also fundamentally governs how the LEI can be used. Its content is decisively shaped by the GLEIS and widely prescribed by the Agreement between Bundesanzeiger Verlag and the GLEIF (“ Master Agreement ”), including in particular its pertaining Appendix 05, the LOU-Contract Requirements (accessible under www.gleif.org).
2.2. Scope
In the course of the application for the issuance of an LEI, this Agreement is concluded between Bundesanzeiger Verlag and Government or the Legal Entity (hereinafter: Legal Entitiy) to which the LEI is to be issued, with binding and legally valid effect. In addition to regulating the issuance of the LEI, this Agreement and its referenced documents also regulate the decisive conditions and requirements for using the LEI on the one hand and for Bundesanzeiger Verlag’s management of the LEI and LEI-RD on the other. In order to obtain access to an LEI application, registration is required. To ensure that the obligations of the GLEIS are fulfilled, this Agreement therefore also binds the person making the registration on the website lei-now.in, via which the LEI application is exclusively being made (the “Bundesanzeiger Verlag’s Online Platform ”), which is required for applying for the issuance of an LEI, as well as the person making the application upon successful registration (both persons referred to as “ User ”).
2.3. Entry into force
The conclusion of this Agreement is required for the registration, the application, the authentication, for issuance and revalidation of an LEI as well as being a part of the documents required therefore. By making available the Agreement to be downloaded, Bundesanzeiger Verlag offers the conclusion of this Agreement by the parties. LEI-Owner ”) accepts the Agreement by granting the authorisation to apply for the issuance of the The Legal Entity to which the LEI is to be issued (the “ LEI or, should the application be made without separate authorisation according to the form provided (for example by the actual managing director with power to represent the company alone), by submitting the first authorisation documents required during the course of the application. The User accepts the Agreement by conducting the registration process, respectively applying for the issuance of the LEI. The validity of other Standard Business Terms and Terms of Use of the User is hereby expressly rejected. Nor shall they be recognised if not expressly objected to again after receipt by Bundesanzeiger Verlag.
2.4. Authority to make amendments
In particular to ensure the feasibility of the respective GLEIF requirements (cf. point 9. of this Agreement), Bundesanzeiger Verlag is entitled to amend this Agreement at any time with effect for the future. Any such amendments will be notified by Bundesanzeiger Verlag in an appropriate manner and take im-mediate effect unless the termination possibility envisaged in point 8.3.2. of this Agreement is exercised without undue delay.
3. LEI requirements
3.1. Prohibition of multiple LEI
The LEI-Owner is aware that each Legal Entity may only have one single LEI. For this reason, the GLEIS does not permit the simultaneous or staggered application for more than one LEI at one or multiple LOUs. The LEI-Owner herewith undertakes for the duration of this Agreement, after having applied to Bundesanzeiger Verlag for one LEI, not to request a second LEI for the same Legal Entity at Bundesanzeiger Verlag or any other LOU. The LEI-Owner herewith confirms that it has no LEI and also has not applied for any LEI previously or parallel hereto. Notwithstanding the above, a User who wishes to apply for a LEI for several Legal Entities may file a mass application. The corresponding data can be transmitted in the form of an Excel table and will be subject to the same ex-aminations as if inputted via the web form. The User is asked to coordinate this procedure with Bundesanzeiger Verlag in advance. All Users undertake vis-à-vis Bundesanzeiger Verlag, in accordance with the above paragraph, not to apply for more than one LEI per Legal Entity and, additionally, not to take any actions which may lead to a Legal Entity applying for more than one LEI.
3.2. Obligation to supply true information
The LEI-Owner is aware that it is obliged to supply true, full and authentic information in its application for the LEI. This obligation extends to all information, details and documents specifically to be provided by it. This obligation also includes circumstances whose relevance to the issuance of the LEI is recognisable to the LEI-Owner.
3.3. Annual revalidation
The LEI-Owner knows and is aware that the LEI needs to be revalidated annually by Bundesanzeiger Verlag and renewed. The LEI-Owner hereby instructs the Bundesanzeiger Verlag to annually and autonomously revalidate the LEI on its behalf and in its name. Bundesanzeiger Verlag will inform the LEI-Owner of such required re-validation at least 8 weeks prior to expiry of the period of validity of its LEI. It may object to autonomous re-validation by Bundesanzeiger Verlag. Bundesanzeiger Verlag will in such cases refrain from autonomous re-validation, meaning that the LEI-Owner must itself ensure that re-validation is applied for in good time via the online platform. The LEI status will change to "LAPSED" should the one-year term of an LEI expire before its owner applies for re-validation.
The purpose of the re-validation, which is subject to a charge pursuant to part II no. 2, is primarily to verify the LE-RD’ actuality and accuracy.
The LEI-Owner herewith undertakes to review the LE-RD at least once annually and to verify its accuracy. Bundesanzeiger Verlag is entitled to correct the LE-RD during revalidation, also without agreement of the LEI-Owner. A LEI status will be changed to “LAPSED” if revalidation by the Bundesanzeiger Verlag is not successful or, should the owner have objected to autonomous revalidation by Bundesanzeiger Verlag and fail to apply for re-validation itself (as explained in the “common data file format” published under www.gleif.org). Any objections to an autonomous re-validation must be submitted in writing by email to the e-mail address published as contact on www.lei-now.in at least 6 weeks prior to the next renewal date of the LEI-RD. Since LEIs with “LAPSED” status will be invalid, these may not be accepted during notifications or financial transactions until after successful re-validation, LEI re-activation and status change to “ISSUED”.
3.4. Notification obligation
The LEI-Owner knows and is aware that the integrity and functionality of the GLEIS decisively depends on the fact that its data, in particular the LE-RD (as stated in the “common data file format” published under www.gleif.org) , is accurate at any time. LEI-Owner therefore undertakes to promptly submit any changes to the LE-RD to Bundesanzeiger Verlag unrequested and without undue delay on its own initiative and in written form pursuant to point 10.1. This also applies in cases where the status of the LEI is “LAPSED”. The same applies to all circumstances which may have an actual or potential influence on the LEI and/or LE-RD. To the extent an LEI is requested for a special fund, for example within the meaning of ISO 17442 Users and LEI-Owners ensure that the terms and conditions of the investment have been presented to the supervisory authorities and the special fund constituted, whereby outstanding clearances of the su-pervisory authorities are irrelevant.
3.5. “Challenge Process”
The LEI-Owner knows and is aware that its LEI and the LE-RD will be published. It also knows and is aware that the GLEIS includes the possibility for third parties to challenge any data they deem faulty.
The LEI-Owner herewith undertakes to take action without undue delay in the event of corresponding communications and queries, and to likewise verify or correct purportedly faulty information without undue delay.
3.6. Obligation to provide evidence
The LEI-Owner herewith undertakes - also after the LEI has been issued, in particular during the course of the annual revalidation according to point 3.3, in case of communications pursuant to point 3.4 or in case of queries pursuant to point 3.5 - to supply true, full and authentic information as well as to provide appropriate evidence for LE-RD upon demand. For the initial application and annual revalidation of the LEI, Bundesanzeiger Verlag will obtain a current extract of the relevant registration authority from GLEIF's "Registration Authorities List", which can be viewed at www.gleif.org. The costs of this service are listed in Part II. If it is not possible for Bundesanzeiger Verlag to obtain a current extract of the relevant registration authority, Bundesanzeiger Verlag will inform the Customer or the LEI Owner and give the opportunity to request the relevant evidence itself.
4. Granting of rights
4.1. Purpose of use
The LEI-Owner knows and is aware that the LEI and LE-RD is transmitted by Bundesanzeiger Verlag to the GLEIF and other LOUs and is made publicly accessible within the scope of the GLEIS. Any party is free to call up, use and further distribute the LEI and LE-RD within the scope of GLEIS’s respective rules (cf. in particular Appendix 09a of the Master Agreement, Terms of Use of the GLEIF).
4.2. Granting of rights
The LEI-Owner herewith grants Bundesanzeiger Verlag - irrevocably and without temporal, geographic or content restriction - any and all rights to the information, data and details transmitted by it, especially in the LE-RD, that are required to fulfil the GLEIS requirements as applicable. In particular, Bundesanzeiger Verlag is authorised by the LEI-Owner to pass on data provided to it and any rights associated therewith to GLEIF within and pursuant to the GLEIS. To the extent such granting of rights should not be possible or valid for whatever reason, the LEI-Owner undertakes to grant these rights as soon as possible, in all events without undue delay upon first demand by Bundesanzeiger Verlag and without counterperformance. The LEI-Owner herewith waives the assertion of any and all rights which might hinder the distribution, public ac-cessibility or gratuitous use for information purposes. The above paragraphs particularly apply to the name of the LEI-Owner and the names of the LEI-Owner’s representatives and organs, as well as to the names of the authorised agents, contact persons and signing individuals acting vis-à-vis Bundesanzeiger Verlag, as well as to any data associated there-with in each case. Insofar as personal data might be transmitted or the data might affect the rights of third parties, the LEI-Owner herewith undertakes to obtain the necessary rights and consents prior to transmission to Bundesanzeiger Verlag.
4.3. Indemnification
The LEI-Owner indemnifies Bundesanzeiger Verlag and the GLEIF as well as, if applicable, other LOUs within the GLEIS, against claims of third parties in the event that third parties should take legal action against Bundesanzeiger Verlag or the GLEIF on grounds of the processing, storage or use of the information provided by the LEI-Owner as well as of the LEI or LE-RD. The same applies to any costs and expenditure that may be incurred by Bundesanzeiger Verlag or the GLEIF triggered by such claims.
5. Fees
5.1. Fee determination
Bundesanzeiger Verlag as an LOU is, like the other LOUs, integrated into the GLEIF’s cost model (pursuant to a “cost recovery model”, cf. also www.gleif.org) and within this scope must transfer fees for the LEI issued and handled by it to the GLEIF.
5.2. Fee schedule
The fees are based on the “ Fee schedule for applications for and revalidations of a Legal Entity Identifiers (LEI) via the international issuing office and register of Bundesanzeiger Verlag GmbH ”, as applicable. It is available in Part II of this document.
5.3. Changes
Bundesanzeiger Verlag is entitled to annually review the applicable fee schedule (regarding Governmental Entities after the expiration of three years) and unilaterally determine new fees. In this respect it can, in particular, account for changes in the fees it transfers to the GLEIF for each LEI. Bundesanzeiger Verlag is obliged vis-à-vis GLEIF to keep each fee change within the scope of the cost recovery model stipulated by GLEIF. The parties agree that they consider all fee arrangements which keep within GLEIF’s stipulations as equitable.
5.4. Termination, transfer to another LOU
The termination of this Agreement and the transfer to another LOU pursuant to point 8.3.1 of this Agreement is not subject to a charge. In the event of a termination during the course of a year, there shall be no reimbursement of already paid amounts, also no proportionate reimbursement.
5.5. Payment in advance and invoice
Payment for a chargeable service is due in advance. A chargeable service service will only be provided once full payment has been received by Bundesanzeiger Verlag. Payments made will not be refunded, if the LEI cannot be issued for legal reasons in accordance with the GLEIF requirements (i.e. prohibition of multiple LEI). Invoices are sent to the LEI-Owner by Bundesanzeiger Verlag generally via email.
6. Liability
Bundesanzeiger Verlag excludes any liability for damages unless in the individual case a particular quality of performance has been promised, a guarantee assumed or a defect concealed in bad faith. This exemption of liability does not apply to damage claims, irrespective of the legal grounds, if such duties ] have been breached with gross negligence or wilful intent or if such damage claims concern injuries to life, limb or health.In the event of a breach of material contractual obligations (i.e. obligations whose fulfilment is required for the orderly performance of the Agreement and upon whose fulfilment the LEI-Owner regularly can and may rely), the exemption of liability also does not apply in cases of negligence. In such case, the liability is limited to damages that are foreseeable and typical to the type of contract.
7. Statute of limitation
Warranty claims against Bundesanzeiger Verlag become statutebarred one year after the commencement of the respective limitation period. This does not apply in cases where Bundesanzeiger Verlag bears unlimited liability pursuant to the provisions of point 6. above.
8. Contractual term, termination
8.1. Contractual term
8.1.1. The Agreement is concluded for an indefinite period of time. It does not have a fixed term. 8.1.2. The Agreement with Governmental Entity has an initial term of three years. The Agreement will be renewed for additional three years if the Governmental Entity gives notice, expressly in writing (10.1.), to that effect not less than three months before the initial term expires.
8.2. Automatic termination.
8.2.1. The Agreement terminates with immediate effect if Bundesanzeiger Verlag or the LEI-Owner ceases to exist as an independent legal entity. 8.2.2. The Agreement terminates with immediate effect if the Master Agreement between Bundesanzeiger Verlag and GLEIF is terminated. Bundesanzeiger Verlag will inform publicly or in some other appropriate manner. Such automatic termination does not give basis to any claims against Bundesanzeiger Verlag.
8.3. Ordinary termination
The Agreement can be ordinarily terminated at any time if 8.3.1. the LEI of the LEI-Owner transfers to a different LOU or the GLEIF and is managed there, or 8.3.2. Bundesanzeiger Verlag amends the content of this Agreement pursuant to point 2.4 of this Agreement, whereby the LEI-Owner can choose whether it decides to permanently abandon its status as Legal Entity with an LEI or transfers it to another LOU and has it managed from there, or 8.3.3. the LEI-Owner decides to permanently abandon its status as Legal Entity with an LEI, or 8.3.4. if the LEI-Owner is deprived of the LEI due to non-compliance with requirements in the course of a revalidation. In all other respects, ordinary termination is excluded.
8.4. Extraordinary termination
The Agreement can also be terminated extraordinary with immediate effect in case of good cause. Good cause is given in the event of severe or repeated violations of this Agreement, 8.4.1. for which no cure is possible or 8.4.2. if cure is possible but does not take place within a reasonable cure period given in written form pursuant to point 10.1.
8.5. Form of the termination
All terminations must be made in written form pursuant to point 10.1.
9. Acknowledgement of the requirements and precedence of the
GLEIS
9.1. General content and precedence of the GLEIS
The LEI-Owner herewith confirms that it is aware of the purpose and functioning of the GLEIS. It herewith additionally confirms that it has read the doc-uments referred to in this Agreement and agrees to their content. The LEI-Owner herewith particularly waives its assertion of claims against Bundesanzeiger Verlag with regard to any conduct where Bundesanzeiger Verlag acts pursuant to GLEIS requirements or as concretely demanded by the GLEIF.
- 9.2. Material elements of the GLEIS The LEI-Owner herewith expressly confirms, • that it knows and is aware that it is obliged to make an annual payment for the revalidation and renewal of its LEI. • that it knows and is aware that, on grounds of mandatory law or regulatory requirements of the GLEIS, respectively the GLEIF, or of Bundesanzeiger Verlag, Bundesanzeiger Verlag may be required to change LE-RD without the LEI-Owner’s consent. • that it knows and is aware that the issuance of the LEI, and its annual revalidation and renewal is subject to requirements established by the GLEIS, respectively the GLEIF, which can change from time to time, and which are published by the GLEIF, for example on www.gleif.org. • that it knows and is aware that the GLEIF reserves the right to request the transfer of the LEI and its management to another LOU (whereby the general terms and conditions of the assuming LOU shall replace this Agreement in such case), without any separate fees being assessed herefor. •that it knows and is aware that it may request the transfer of its LEI and its management to another LOU (to be specifically designated by it), and/or that it itself may allow another LOU to request such transfer on its behalf, and that no fees will be assessed for this.
10. Form
- 10.1. Written form The written form is required for any formal notices in the course of business relationship between Bundesanzeiger Verlag and the LEI-Owner as well as the User under this Agreement. The written form requirement within the meaning of this Agreement is fundamentally deemed adequately met through transmission of the corresponding communication • by e-mail as a pdf-file (for Bundesanzeiger Verlag to the e-mail address published as contact on www.lei-now.in) or • by letter to the following addresses In Germany: Bundesanzeiger Verlag GmbH - LEI-Vergabestelle (LEI-Issuing Office) - P.O. Box 10 05 34 50445 Cologne, Germany) Anything deviating herefrom can only apply if expressly stipulated in the individual case. The same applies to any legally significant declarations as well as to amendments of and additions to this Agreement. The cancellation of this written form requirement also requires the written form. 10.2. Representatives All formal notices within the meaning of clause 10.1, including any information provided and applications and requests lodged, must be submitted by one (or where necessary several) correspondingly authorised representative(s) of the LEI-Owner, and duly dated and signed. Vis-à-vis Bundesanzeiger Verlag, LEI-Owner authorizes the contact person specified by him to provide and receive notifications and declarations and proves this to Bundesanzeiger Verlag.
10.3. Use of messaging service
At the request of the LEI owner Bundesanzeiger Verlag is prepared to use the WhatsApp messaging service for the purposes of communication with the User. Formal notices within the meaning of clause 10.1 are expressly excluded. The User agrees that by using the WhatsApp messaging service personal date (e.g. name of the contact person, telephone number) may be processed and transferred to third countries (in particular the USA). The LEI owner is aware of and understands the risks associated with data transfers to third countries, in particular the possible lack of an adequate level of data protection.
11. Business hours, availability, force majeure
Bundesanzeiger Verlag’s business hours fundamentally apply, namely Monday through Friday from 8:00 to 18:00 hrs local German time, in particular for the processing of documentation on authentication and authorisation. Deviating business hours on bank holidays at Bundesanzeiger Verlag´s seat in Cologne, Germany , will be announced on www.lei-now.in. It is required that the documents provided and requested in the course of registration are submitted to Bundesanzeiger Verlag until 12:00 for completing the authentication process within the following three whole business days (Monday through Friday, except bank holidays at Bundesanzeiger Verlag’s seat in Germany). Within the scope of what is technically possible and economically reasonable, Bundesanzeiger Verlag strives to provide the greatest possible availability of www.lei-now.in, ideally 24/7. Irrespective hereof, there may be cases of non-availability or limitations in the scope of functions which are not necessarily caused by Bundesanzeiger Verlag. An obligation of Bundesanzeiger Verlag to provide permanent availability, in particular beyond the service level agreed within the GLEIS, does not exist. However, Bundesanzeiger Verlag will endeavour to give early notice about such limitations via www.lei-now.in, especially in the event of restrictions due to maintenance work or updates. In the event of circumstances, disruptions or limitations in functions, faults of any kind and consequences which lie outside Bundesanzeiger Verlag’s sphere of influence and/or for which Bundesanzeiger Verlag is not responsible and which hinder it in the fulfilment of its obligations, Bundesanzeiger Verlag is released from its obligations. In cases of force majeure (all circumstances beyond the parties’ sphere of influence, such as natural desasters, government measures, decisions of authorities, blockades, war and other military conflicts, mobilisation, internal unrest, terrorist attacks, strikes, also at the businesses of suppliers, lock-outs and other industrial unrest, computer viruses) Bundesanzeiger Verlag’s liability is excluded.
12. Applicable law, place of jurisdiction
German law is exclusively applicable. German IPR and the UN-CISG do not apply. Exclusive jurisdiction shall lie with the ordinary courts of Cologne, unless the LEI-Owner is not a merchant, or a legal entity or special fund pursuant to public law.
13. User’s authorisation
13.1. Confirmation by the LEI-Owner
The LEI-Owner confirms that the User has been or is instructed and correspondingly authorised by it to conduct the registration, respectively apply for the issuance of an LEI. Changes which affect the identity of the User or his authorisation must be notified to Bundesanzeiger Verlag without undue delay in writing pursuant to point 10.1.
13.2. Confirmation of the User
The User confirms with the application that he has been instructed and correspondingly authorised by the LEI-Owner to apply for the issuance of an LEI. The User is aware that he himself is obliged under this Agreement. This particularly applies accordingly to the obligations under points 3.1 (prohibition of multiple LEI), 3.2 (obligation to supply true information), 3.4 (notification obli-gation), 3.6 (3.6 Obligation to provide evidence) as well as 4.2 (granting of rights) and 4.3 (indemnification), but not, however, to the obligation to pay the fee envisaged pursuant to point 5.
PART II
Fee schedule for applications and revalidations of a Legal Entity
Identifier (LEI) via the international issuing office and register of Bundesanzeiger Bundesanzeiger Verlag GmbH
as of 13/06/2022
| No. | Fee criterion | INR |
|---|---|---|
| 1 |
First application for an LEI, including examination of the issuing
requirements (Validity upon issuance 1 year) |
4350* |
| 2 | Request for renewal and revalidation of an existing LEI Fee for handling and extracting the relevant registration source from the Registration Authorities List of GLEIF for the initial application as well as renewal and revalidation of an LEI: If the fee of the respective registration authority does not exceed € 12.50, the retrieval and handling of Bundesanzeiger Verlag is free of charge. If the fee of the registration authority exceeds the amount of € 12.50, it will be charged to the LEI owner in total plus a handling fee of € 2.50 for Bundesanzeiger Verlag. | 4900* Partially fee-based |
| 3 | Adjustment of LE-RD on ground of justified challenges by third parties | currently free |
| 4 | Transfer of an LEI to Bundesanzeiger Verlag | free |
| 5 | Transfer of an LEI to another LOU | free |
*) as LEI-Owner, you benefit from Bundesanzeiger Verlag’s pricing model, as the annual cost contribution fees that have to be paid to GLEIF for all LEIs issued or renewed is already included in the abovementioned fees. Thereby, no additional costs arise for LEI-Owners in case of changes of the currency exchange rates.
Re 1) The fee for a first application will be due also if, after issuance of an LEI, checks based on GLEIS requirements establish that issuance of the LEI was invalid and must be irreversibly cancelled due to attributes or events for which an LEI owner or a third party must be held responsible.
Re 2) The fee for first application or the request for renewal and revalidation is not reimbursed proportionately in the event of a termination or expiry of the contract during the course of a year.
Any taxes that might accrue have to be added to the stated amounts. All amounts fall due with triggering of the corresponding fee criterion.