KDPW Reduces LEI Issuance and Renewal Fees

The fees for the issuance and renewal of LEIs in KDPW will be reduced by 20 percent on average as of 1 July 2018. KDPW is the only Polish institution authorised to issue LEIs in the Global LEI System. The issuance of LEIs is a part of the integrated portfolio of KDPW Group services which support the operation and development of the Polish financial market.

The LEI is a globally unique identifier of entities operating on the financial markets. KDPW manages a database of more than 14.9 thousand LEIs issued to companies in Poland and beyond.

The obligation of legal entities to obtain and use an LEI is imposed by European regulations including EMIR, REMIT, MiFID II / MiFIR, CSDR and SFTR. The implementation of the LEI standard under those regulations is expected to improve the transparency and safety of the financial markets. The obligation to hold an LEI applies to all legal entities and individuals carrying out business activities if they trade in derivatives which are required to be reported to trade repositories. The LEI obligation will soon cover a broader range of entities including those trading on the cash markets as well as issuers.

KDPW provides the LEI issuance service via the online portal https://lei.kdpw.pl/ available 24/7.