If an LEI lapses, it moves into a LAPSED state in the Global LEI System (GLEIS) public database. This is not something you want for your organization.
- You risk non-compliance with hundreds of LEI related regulations
- Your public GLEIS record will contain out of date identity information
- LEI records are historical and persistent within the GLEIS database
Read more in our detailed article – Three reasons why you should never let your LEI lapse