The Central Securities Depository of Poland is streamlining the creation and usage of LEIs.
The Central Securities Depository of Poland KDPW (Krajowy Depozyt Papierów Wartościowych) has revamped its website and issuance application for Legal Entity Identifiers (LEIs), intended to streamline the creation and usage of LEIs, officials say. The changes are available via the established website address: https://www.lei.kdpw.pl/
The LEI is “a 20-character alpha-numeric globally unique legal entity identifier compliant with ISO17442. Each LEI is linked to key information about the legal entity that holds the LEI,” officials say. “LEIs are mandatory for entities active in the financial markets, including banks, credit institutions, brokers, financial intermediaries, pension funds, investment funds, as well as non-financial entities, such as companies, individuals who carry out business activities in all areas of the economy, and local governments.”
The modifications include an additional application programming interface (API) module to “ensure communication” between the online LEI application and the IT system, officials add.
“The modifications made to the electronic LEI request make the process of getting an LEI much shorter. The LEI request has also been largely simplified,” according to the announcement. “The new website features an LEI database where users can easily check the expiry date of the LEI; a search engine to find the LEI of any company and access high-quality data assigned to the LEI; information on discounts available for multi-year payments; and answers to frequently asked questions.”
Through the revamped website, KDPW clients can request a new LEI, download a free certificate confirming the registration of the LEI, download an invoice, update the company details assigned to the LEI, and renew the LEI, officials say.
“LEIs are issued for a specific period of time and must be renewed. LEIs are issued by Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF). KDPW is the only Polish entity authorized to issue LEIs. KDPW issues LEIs for entities in the European Economic Area, Switzerland, Ukraine, and the U.K.,” officials say. “Currently, KDPW manages a database of 33,700 LEIs.”
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