Legal Entity Identifier (LEI) registration is a global system for uniquely identifying legal entities participating in financial transactions. It is a unique 20-character alphanumeric code that helps regulators and businesses track and manage financial risk. LEI registration is essential for entities involved in financial markets, as it enhances transparency and reduces the risk of financial market abuse. Obtaining an LEI involves submitting accurate information about the legal entity, such as its name, address, ownership structure, and more, to a registered LEI issuer. Maintaining an active LEI is crucial for compliance with financial regulations and ensuring smooth participation in global financial markets.