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Shane Coman, CEO, Nexus Assurance
What We Do
We provide information and services on the Legal Entity Identifier, LEI for short. We provide them to people who need them to comply with the new DORA regulations. For example an Information and Communication Technology (ICT) firm will require an LEI to stay compliant!
We make sure you and the regulator are both happy!
Why you NEED a LEI
The DORA regulation is coming into law and if you are associated with Information and Communication Technology Firms in the EU then you, and they will need to register an LEI for DORA. This applies to ICT providers outside of the EU also.
The LEI is the only global identifier that contains up to date, accurate and verifiable information on legal entities.
Frequently Asked Questions
DORA LEI is a legal entity identifier which is needed by Information and Communication Technology (ICT) companies under the Digital Operatational Resilience Act (DORA)
What is DORA LEI
If you are a financial entity operating within the EU , you are required to have one by 2025.
How do I know if I need an LEI
DORA applies not only to EU based firms but also to non EU entities providing services to EU financial institutions must also comply with DORA requirements.
Scope of DORA
Apply with your company number and details and you will receive a LEI
How do I obtain an LEI
Simply renew the DORA LEI through the services provided and your LEI status will return to ACTIVE
What happens if my LEI lapses
The digital operational resilience act will come into law in Janruary of 2025
When do I need an LEI under DORA by
The implementing Technical Standard (ITS) mandates that DORA oversight must use a "valid" LEI. So while ICT firms need to procure an LEI to help regulated financial services firms oversee them, they must consciously maintain the validity of the LEI , through annual renewal.
Do I have to use a DORA LEI for oversight
The LEI code is a one time purchase yes however the LEI code status must be renewed every year.
Is an DORA LEI a one time purchase