LEIs for ICT service providers (DORA) | WM LEIPORTAL
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LEIs for ICT service providers (DORA)

Are you an IT service provider and your customers are financial institutions operating in the EU? If so, prepare for DORA and apply for your LEI (Legal Entity Identifier).

Apply for LEI

DORA: Requirements and significance for ICT service providers

The Digital Operational Resilience Act (DORA) is intended to strengthen the European financial market against cyber risks and information and communication technology (ICT) incidents. The EU regulation has been in force since 2023. The corresponding measures must be implemented from January 2025.

Financial companies must check the suitability of ICT service providers before concluding contracts and continuously check compliance with certain quality and security standards. The “Final Report on Draft ITS on Register of Information” specifies, among other things, how financial companies must document and monitor their contractual agreements with third party ICT providers.

In order to implement these requirements, clear and standardised identification of ICT service providers is crucial - and this is precisely where the Legal Entity Identifier (LEI) comes into play. The LEI serves as a central instrument for clearly identifying ICT service providers and making their role in the compliance and risk management processes of financial institutions traceable.

Directly to LEI application

Key Facts

DORA: Digital Operational Resilience Act
Objective: Strengthening the European financial market against cyber risks and ICT incidents
Effective since: 2023
Implementation deadline: January 2025
Obligations for financial companies:
  • Assessment of ICT service providers' suitability
  • Continuous monitoring of quality and security standards
Key instrument: Legal Entity Identifier (LEI) for the unique identification of ICT service providers

LEI: the key to ICT service provider identification

With the LEI, your company can be clearly identified, and can thus support the implementation of DORA:

Transparency & traceability

LEIs enable companies to be clearly identified and facilitate the monitoring of responsibilities for critical ICT services.

Risk management

Financial organisations can use the LEI to reliably identify third-party providers in order to better manage risks when dealing with external ICT service providers.

ISO standard

The LEI is based on the global ISO standard 17442 and is used in regulations such as MiFID II (Europe) and the Dodd-Frank Act (USA) - a proven standard for global entity identification.

Quick and secure LEI application

1.

Open user account

Register on the WM LEIPORTAL in a few seconds
Register now
2.

Easy LEI application

Through the connection to more than 20 national commercial registers, your company data can be imported directly
3.

Allocation within 2 hours

LEI verification by our staff and transmission to the central GLEIF database
  • 1.

    Open user account

    Register on the WM LEIPORTAL in a few seconds
    Register now
  • 2.

    Easy LEI application

    Through the connection to more than 20 national commercial registers, your company data can be imported directly
  • 3.

    Allocation within 2 hours

    LEI verification by our staff and transmission to the central GLEIF database

TÜV approved LEI allocation

The WM LEIPORTAL is certified according to ISO 27001 and bears the TÜV-Saarland seal of approval due to its tested quality, security and transparency processes.

Zertifikat TÜV Saarland

Why WM LEIPORTAL?

Since 2014, WM LEIPORTAL has been officially accredited by GLEIF as an international issuing agency for the Legal Entity Identifier (LEI – ISO 17442). We provide everything required for the easy issuance, management, and use of LEI numbers.

  • Quick application process
  • Flexible subscriptions
  • Internationally available
  • Fast support
  • Multiple payment options
  • Powerful platform
Alen Kruljac, Senior Sales Manager at WM Datenservice
Alen Kruljac
Senior Sales Manager
+49 69 2732 536

Do you have any questions?
Contact us!

Don’t hesitate – time is ticking. Secure your Legal Entity Identifier (LEI) now and ensure you meet DORA requirements. With an LEI, you're well-prepared to continue your partnerships in the finance and insurance sectors successfully. Our experienced sales team is here to answer all your questions about LEI and DORA. Contact us, and together, we’ll find the best solution for your business!

Get in touch now