Rules For Lei Service

Part 1: Title and Preamble

1. Title

Title of this document is "Rules for LEI Registration and Management" and issued by Executive Director of the LEI International Pvt. Ltd. (herein and after referred as TNV-LEI) after due review and other details related to version control of this document is specified within the document.

2. Preamble

These Rules govern the registration, issuance, renewal, modification, transfer, and deactivation of Legal Entity Identifiers (LEIs) by LEI International Private Limited, a company registered under the Companies Act, 1956, having its registered office at TNV House, B-1/19/69, Sector-K, Aliganj, Lucknow -- 226024, Uttar Pradesh, India (hereinafter referred to as "TNV-LEI").

TNV-LEI is a Local Operating Unit (LOU), operating under the oversight of the Global Legal Entity Identifier Foundation (GLEIF). These Rules are designed in accordance with the principles laid out in the ISO 17442 standard, the GLEIF Master Agreement, and applicable international data quality and lifecycle requirements.

These Rules form a binding framework between TNV-LEI and the Legal Entities or their authorized representatives who apply for or manage an LEI through TNV-LEI. The Rules describe the terms of LEI service use, rights and responsibilities of the parties, dispute procedures, and conditions for LEI management.

Part 2: Glossary of Terms

The following terms, when used in these Rules, shall have the meanings assigned below. All undefined capitalized terms shall be interpreted in accordance with their usage under ISO 17442, GLEIF Master Agreement, or general international practice within the Global LEI System (GLEIS).

2.1 Accreditation

The formal process conducted by the Global Legal Entity Identifier Foundation (GLEIF) to evaluate and recognize a Local Operating Unit (LOU) as compliant with the GLEIF Accreditation Criteria.

2.2 Active

The status of an LEI indicating that the Legal Entity is legally registered and operational, based on the latest verified information.

2.3 Applicant

The individual or representative submitting an LEI application, renewal, update, or transfer request on behalf of the Legal Entity.

2.4 Authorized Representative

A person authorized to act on behalf of the Legal Entity for LEI-related matters, including Directors, Officers, Employees, Client Agents, or those holding a Power of Attorney or Authorization Letter.

2.5 Board

Refers to the Board of Directors of LEI International Pvt. Ltd., responsible for governance, oversight, and rule approval within TNV-LEI.

2.6 Business Registry

The official registry or government authority where the Legal Entity is incorporated or registered. The registry provides essential data for LEI validation.

2.7 Challenge

A formal request submitted by any person or organization to correct inaccurate, outdated, or duplicated LEI data (Legal Entity Reference Data -- LE-RD).

2.8 Client Agent

A third-party individual or firm authorized to manage LEI applications and renewals on behalf of multiple Legal Entities, upon submission of valid authorization.

2.9 Delta File

A daily file published by TNV-LEI containing all changes (new, modified, or retired LEIs) since the last publication of the full file.

2.10 Full File

A comprehensive file published by TNV-LEI containing all active and historical LEI records issued or managed by TNV-LEI as of the date of publication.

2.11 GLEIF

The Global Legal Entity Identifier Foundation -- the organization responsible for oversight and operational integrity of the Global Legal Entity Identifier System (GLEIS), headquartered in Basel, Switzerland.

2.12 GLEIS

The Global Legal Entity Identifier System, comprising GLEIF, Local Operating Units (LOUs), Registration Authorities, and End Users.

2.13 Inactive

An LEI status indicating that the Legal Entity has ceased operations, dissolved, merged, or no longer meets registration criteria.

2.14 ISO 17442

The international standard defining the structure and governance framework of Legal Entity Identifiers (LEIs), issued by the International Organization for Standardization.

2.15 LAPSED

The LEI status applied when the Legal Entity has failed to complete its annual renewal and re-validation by the designated renewal deadline.

2.16 LEI (Legal Entity Identifier)

A unique 20-character alphanumeric code assigned to a Legal Entity in accordance with ISO 17442 and issued by an accredited LOU.

2.17 LE-RD (Legal Entity Reference Data)

Structured data elements published with an LEI, including the Legal Entity's name, address, legal form, registration details, and relationship information.

2.18 Legal Entity

Any organization eligible to obtain an LEI, including companies, partnerships, trusts, government bodies, and other legal or regulatory-recognized entities.

2.19 Local Operating Unit (LOU)

An organization accredited by GLEIF to issue and manage LEIs in compliance with the GLEIF Master Agreement and ISO standards.

2.20 Master Agreement

The contract executed between GLEIF and an accredited LOU, establishing the terms of LEI issuance, maintenance, and cooperation within GLEIS.

2.21 Power of Attorney (PoA) / Authorization Letter

A formal written authorization granted by a Legal Entity permitting an individual or organization to act on its behalf for LEI services.

2.22 Regulatory Oversight Committee (ROC)

A committee of public authorities that provides governance and high-level oversight for the Global LEI System, including guidance on policy matters.

2.23 Retired

An LEI status indicating that the Legal Entity has permanently ceased operation and the LEI is no longer active or renewable.

2.24 Subscription-Based LEI

A multi-year LEI service model where automatic renewal is scheduled on a yearly basis until the service is cancelled or the entity is no longer eligible.

2.25 Transfer

The movement of an LEI record from one LOU to another as per the Global LEI System's portability policy.

Part 3: Introduction and Scope

3.1 Introduction

The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code that uniquely identifies Legal Entities participating in financial transactions and regulatory reporting across jurisdictions. The LEI system is governed globally by the Global Legal Entity Identifier Foundation (GLEIF) and implemented locally by accredited Local Operating Units (LOUs) under the framework defined by ISO 17442.

LEI International Private Limited (hereinafter referred to as "TNV-LEI") is a GLEIF-recognized Local Operating Unit authorized to issue, renew, transfer, update, and manage LEIs. TNV-LEI operates in accordance with the GLEIF Master Agreement, GLEIS operational principles, and relevant regulatory guidelines.

These Rules are established to define the structure, responsibilities, procedures, rights, and obligations associated with the lifecycle of LEIs managed by TNV-LEI.

3.2 Objective

The objective of these Rules is to:

• Provide a clear, transparent, and legally enforceable framework for LEI registration and management;
• Set forth the requirements and obligations of Legal Entities and their Authorized Representatives;
• Define the rights, powers, and duties of TNV-LEI in the context of LEI operations;
• Ensure compliance with ISO 17442, GLEIF guidelines, and applicable international and Indian laws;
• Support transparency, accuracy, and integrity in the global financial ecosystem through validated and standardized entity identification.

3.3 Scope of Applicability

These Rules shall apply to Legal Entities and their representatives interacting with TNV-LEI for any LEI-related services, and are further classified as follows:

3.3.1 Domestic Legal Entities (India)

These Rules are fully applicable to:

• All Indian Legal Entities seeking LEI issuance, renewal, update, or transfer through TNV-LEI,
• Authorized individuals applying on behalf of such entities under valid Power of Attorney, Board Resolution, or other formal authorization,
• Indian Client Agents or Corporate Representatives managing LEIs for one or more Indian companies,
• Users of bulk-upload features or API-based submissions registered within India.

3.3.2 Group Companies and Corporate Representatives

TNV-LEI may permit the following under controlled conditions:

• Corporate Representatives acting on behalf of multiple Legal Entities within a single corporate group (e.g., holding companies, subsidiaries, sister concerns), provided:
  • Proper authorization from each represented entity is submitted,
  • The representative is a full-time employee or official of the group (not an external agent),
• Group registrations are allowed using bulk upload options or managed dashboards assigned by TNV-LEI after verification.

3.3.3 International or Foreign Entities

At present, TNV-LEI does not accept LEI applications from entities incorporated or registered outside India.

• Applications from foreign entities shall be automatically rejected unless TNV-LEI publicly notifies commencement of operations or authorization in such jurisdictions.
• Any exceptions or partnerships for international LEI operations will be governed by separate agreements and officially published policies.

Part 4: Role of TNV-LEI and Board Authority

4.1 TNV-LEI as Local Operating Unit (LOU)

TNV-LEI functions as a Local Operating Unit (LOU) within the Global Legal Entity Identifier System (GLEIS), under GLEIF oversight and ISO 17442 standards. TNV-LEI is responsible for:

• Issuing LEIs to eligible entities
• Verifying and maintaining LE-RD
• Processing LEI renewals, transfers, and modifications
• Publishing FULL and DELTA data files
• Ensuring compliance with validation, security, and quality standards
• Supporting transparency and integrity in global financial systems

4.2 Authority of the Board of Directors

The Board holds full authority over LEI service governance and may:

• Formulate and amend LEI rules
• Appoint committees or executives
• Approve eligibility, verification, and pricing policies
• Ensure legal and GLEIF compliance
• Monitor operational and audit performance
• Approve international expansion (subject to regulation)
• Delegate responsibilities to Governance Committee, Compliance Officer, or MD

4.3 Delegated Roles and Oversight

Board-delegated roles include:

• CEO / MD – Daily operations
• Compliance Officer – Legal, regulatory, GLEIF liaison
• Validation Teams – Review LEI data
• Information Security Officer – Secure data handling
• Governance Committee – Monitor impartiality and challenges

All delegated roles report to the Board periodically.

4.4 Rule Amendment and Publication

• Amendments require Board approval
• Published at www.tnvlei.com
• Notified to clients where applicable
• Take effect immediately or after defined notice, unless stated otherwise

Part 5: General Conditions and Legal Applicability

5.1 Binding Nature of These Rules

Binding for:

• Legal Entities applying or managing LEIs via TNV-LEI
• Their Authorized Representatives or Agents
• Any third-party submitting LEI-related challenges or updates

Continued use implies acceptance of updated Rules.

5.2 Governing Standards

TNV-LEI adheres to:

• ISO 17442
• GLEIF Master Agreement
• GLEIS Governance Principles
• Indian regulations: Companies Act, DPDP Act 2023, IT and financial rules

GLEIF/ISO rules override in case of conflict.

5.3 Acceptance of Terms by Action

Any LEI activity constitutes:

• Implied acceptance of these Rules
• Declaration that all actions are in good faith and lawful

5.4 Limitations and Exclusions

TNV-LEI is not responsible for:

• Incorrect data submitted by applicants
• Delays from false/incomplete documents
• Third-party reliance unless within GLEIF public license scope
• Decisions based on LEI data alone

5.5 Legal Jurisdiction

• Governed by Indian law
• Jurisdiction: Courts of Lucknow, Uttar Pradesh
• Arbitration (if mutually agreed) under Arbitration and Conciliation Act, 1996

Part 6: Eligibility Criteria for LEI Registration

6.1 Eligible Legal Entities

TNV-LEI will issue LEIs to:

• Indian Companies (Private, Public, OPC)
• Partnership Firms
• Sole Proprietorships (with valid business registration)
• Trusts (registered and documented)
• Government Bodies, PSUs, and Ministries
• Statutory Authorities
• Societies and NGOs
• LLPs
• Recognized Funds and Schemes
• Co-operative and Mutual Benefit Societies
• Any other legally recognized Indian entity

6.2 Documentation Requirements

Mandatory for application:

• Proof of incorporation
• CIN / PAN / GSTIN
• Registered address and contact
• Authorization (PoA / Board Resolution) if submitted by a third party

Additional documents may be requested for:

• Non-standard structures
• Dormant or new entities
• Complex ownership
• Incomplete registry data

6.3 LEI Uniqueness Requirement

• Each Legal Entity can hold only one LEI globally
• Applicant must declare absence of another LEI
• If one exists, request is converted into transfer/renewal

6.4 Multi-Year and Subscription Eligibility

• All entities can select 2, 3, or 5-year plans
• Subscription model enables auto-renewal annually
• Client Agents must provide traceable and valid authority

6.5 Restrictions and Disqualifications

TNV-LEI will not issue LEIs to:

• Non-incorporated or foreign entities
• Applications with unverifiable data
• Entities already holding an LEI elsewhere (without transfer)
• Blacklisted or fraudulent organizations

Part 7: LEI Application Process and Account Access

7.1 Application Channels

Accepted via:

• TNV-LEI Portal: www.tnvlei.com
• Authorized Representatives (with PoA)
• Client Agents (for multiple entities)
• Corporate Representatives (for group entities)

7.2 Account Creation

Applicants must:

• Create a portal account
• Upload documents
• Track application
• Manage LEI lifecycle
• Access certificates and invoices

Portal Features:

• Secure login credentials emailed upon registration
• Role-based access: Entity, Agent, or Corporate Representative
• Access limited by authorization

Users must:

• Protect login details
• Prevent unauthorized access
• Report breaches or misuse immediately

7.3 Step-by-Step Application Process

Step 1: Register Account

Choose service: New LEI, Renewal, Transfer, Update

Step 2: Complete Application Form

Include:

• Legal Name and Address
• Business Registry Info (CIN, PAN, etc.)
• Legal Form & Jurisdiction
• Relationship data (if applicable)

Step 3: Upload Documents

Submit:

• Certificate of Incorporation
• PAN / GSTIN
• Authorization docs (PoA / Resolution)
• Address and relationship proof (if needed)

Step 4: Payment

Choose plan: 1-year, multi-year, or subscription
Pay via Razorpay, UPI, HDFC Bank, etc.

Step 5: Acknowledgement

Receive case ID and confirmation from TNV-LEI

Step 6: Validation & Verification

TNV-LEI team checks:

• Registry data
• Document authenticity
• Responds if clarification is required

Step 7: LEI Issuance

Upon approval:

• LEI is issued and registered with GLEIF
• Published in FULL and DELTA files
• Email notification + downloadable certificate provided

7.4 Responsibility of the Applicant

Applicants must:

• Submit true and complete information
• Avoid duplicate LEI applications
• Respond to queries promptly
• Use services lawfully and transparently

Non-compliance may lead to:

• Rejection
• Suspension
• Blacklisting

Part 8: LEI Issuance and Validation Process

8.1 Overview

LEI issuance by TNV-LEI involves:

• Application intake & documentation verification
• Validation of Legal Entity Reference Data (LE-RD) per ISO 17442 and GLEIF policy

8.2 Timelines

• Standard issuance: 1–3 business days (if complete and verifiable)
• Complex cases: up to 5 business days
• Order of processing: based on payment confirmation and submission completeness

8.3 Validation Steps

a) Document Check

• Confirms all documents are uploaded and legible
• Verifies authorization (PoA, board resolutions)

b) Registry Verification

• Matches LE-RD with official sources (MCA, LLP portal, Income Tax, etc.)

c) LEI Uniqueness Check

• Ensures no duplicate LEI exists in GLEIF
• If found, application is converted to renewal or transfer with consent

d) Relationship Validation

• Confirms parent–child relationships
• Validates exemptions or accounting consolidation declarations

8.4 Result of Validation

• 20-character LEI is generated
• Registered in GLEIF system
• LE-RD is published in FULL and DELTA files
• Email notification + downloadable LEI certificate issued

8.5 Data Publication

Publicly available under CC0 license:

• Legal name, address, incorporation jurisdiction
• LEI status, issue/update/renewal dates
• Parent/child relationships (if applicable)

8.6 Rejection or Delay

LEI application may be delayed/rejected due to:

• Incomplete/inaccurate documents
• Registry mismatches
• Duplicate LEI use
• Suspicion of fraud
• Non-payment

Applicants are notified accordingly.

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Part 9: LEI Data Modification and Update

9.1 Accuracy Obligation

Entities must keep LE-RD accurate and current.

9.2 When to Update

Update required upon:

• Name, address, or legal form change
• Change in registration number, authority, or jurisdiction
• Corporate restructuring (e.g., merger, dissolution)
• Relationship data changes (Level 2)

9.3 How to Update

1. Login to TNV-LEI portal
2. Select “Modify LEI Data”
3. Enter updated LE-RD
4. Upload supporting documents
5. Submit – no payment required
6. Receive case ID for tracking

9.4 Validation and Acceptance

• TNV-LEI validates against registries
• Additional documents may be required
• If approved, LEI record is updated and reflected in FULL/DELTA files
• “Last Updated” date is refreshed

9.5 Internal Updates

TNV-LEI may update LE-RD without notice if:

• Challenge is accepted
• Directed by GLEIF
• Audit discovers issues
• To meet GLEIF quality thresholds

Legal Entity is notified and audit trail is maintained.

9.6 Failure to Update

Consequences include:

• Misrepresentation in public records
• Regulatory non-compliance
• LEI LAPSING or SUSPENSION
• Rejection by third parties

TNV-LEI disclaims liability for non-updated records.

Part 10: LEI Renewal and Validity Management

10.1 Validity

• Each LEI is valid for 1 year
• Renewal required for continued “ISSUED” status

10.2 Renewal Responsibility

• Legal Entity must renew before the renewal due date
• Status will change to:
  • LAPSED – no renewal within grace period
  • RETIRED – if entity has dissolved/merged

Lapsed LEIs are visible but non-compliant.

10.3 Renewal Options

a) Annual Renewal

• 1-year plan with full re-validation

b) Multi-Year Packages

• 2, 3, or 5-year plans with advance payment
• Annual validation still applies

c) Subscription-Based Renewal

• Auto-renews each year
• Cancellable with 60 days’ notice

10.4 Renewal Process

1. Login to TNV-LEI portal
2. Select LEI(s) for renewal
3. Review/Update LE-RD
4. Upload documents (if required)
5. Pay using online methods
6. Validation & Approval
7. Receive Confirmation
   • Same LEI retained
   • “Next Renewal” and “Last Update” dates change

10.5 Reinstatement of Lapsed LEIs

Steps:

• Login
• Renew application
• Submit documents
• Complete validation and payment

Result:

• Status returns to ISSUED
• LEI and history remain unchanged

10.6 Non-Renewal Consequences

• LEI becomes inactive/expired
• Entity may face regulatory issues
• TNV-LEI may flag for audit/challenge
• No refunds or backdated renewals permitted

Part 11: Challenge Resolution Mechanism

11.1 Purpose

The challenge mechanism allows regulators, market participants, or the public to formally dispute or correct LEI Reference Data (LE-RD) managed by TNV-LEI, ensuring transparency and accuracy across GLEIS.

11.2 Who Can Submit

• Legal Entity
• Authorized Representative / Client Agent
• Regulators, auditors, public users

11.3 Valid Grounds

• Incorrect legal name, address, legal form
• Invalid registration number or jurisdiction
• Incorrect parent/subsidiary data
• Duplicate LEI or fraudulent issuance
• Entity status inconsistencies

11.4 How to Submit

• Email to: challenge@tnvlei.com
  Include:
  • LEI code
  • Disputed fields
  • Evidence (registry links, legal docs)
  • Challenger’s name/contact

Optional: Submit via GLEIF Challenge Portal.

11.5 Challenge Processing

• Acknowledgment: within 1 business day
• Review: within 10 business days
• Outcome:
  • Valid: data updated, LEI revised
  • Invalid: explanation issued

11.6 Non-Response by Legal Entity

If Legal Entity does not respond:

• TNV-LEI may update LEI record using public data
• Audit trail is maintained

11.7 Evidence and Rejection

Challenge may be rejected if:

• No verifiable proof
• Source is unclear
• Malicious or frivolous

11.8 Appeal

Challenger may:

• Submit new evidence
• Escalate to GLEIF for review

11.9 Confidentiality

All challenges are:

• Logged
• Retained for 8 years
• Treated confidentially

Part 12: LEI Portability – Transfer In and Transfer Out

12.1 Portability Principle

Legal Entities may transfer their LEIs between LOUs per GLEIF’s policy. TNV-LEI fully supports transfers.

12.2 Conditions

Transfer allowed if LEI is in:

• ISSUED or LAPSED state

Not allowed if LEI is:

• RETIRED, ANNULLED, or DUPLICATE

12.3 Transfer-In to TNV-LEI

Steps:

• Submit request via portal or email
• Include:
  • Letter of Intent (LOI)
  • Authorization (PoA, Resolution)
  • Pending updates, if any
• Confirm LEI is ACTIVE or LAPSED

TNV-LEI:

• Coordinates with outgoing LOU
• Validates LE-RD
• Publishes LEI under TNV-LEI

Charges: As per rate card (waived for bulk cases)

12.4 Transfer-Out from TNV-LEI

Steps:

• Request via portal or email
• Confirm receiving LOU
• Clear dues, data issues

TNV-LEI:

• Cooperates with receiving LOU
• Marks LEI for transfer in GLEIF
• Completes transfer in 3–5 business days

Charges: Free of cost

12.5 Operational Notes

• LEI code remains unchanged
• LE-RD and history preserved
• No refund on multi-year/subscription plans
• New LOU manages future renewals

12.6 Restrictions

Transfers may be withheld due to:

• Incomplete documents
• Active disputes
• Outstanding payments
• GLEIF/legal suspension

12.7 Confirmation

Upon completion:

• TNV-LEI issues closure notification
• GLEIF database updated
• TNV-LEI retains record for 8 years

Part 13: Events Affecting LEI Status (Merger, Closure)

13.1 Overview

Corporate changes (merger, dissolution, restructuring) may alter LEI status. TNV-LEI handles such events per GLEIF and ISO 17442.

13.2 Notification Duty

Legal Entities must notify TNV-LEI for:

• Merger, acquisition
• Dissolution, closure
• Entity conversion
• Insolvency or liquidation

Non-reporting may result in LEI suspension.

13.3 Processing Events

TNV-LEI:

• Verifies events via registries
• Requests documentation (e.g., merger order, closure certificate)
• Updates LE-RD and status

Changes reflected in GLEIF and public files.

13.4 Merger Rules

• Absorbed entity’s LEI is marked RETIRED
• Surviving entity must hold/obtain new LEI
• Relationships noted in LE-RD

13.5 Closure/Dissolution

• LEI is RETIRED upon proof
• Public record is retained
• LEI use must cease

13.6 Unreported Events Detected

If TNV-LEI discovers an event:

• Contacts Legal Entity
• If no reply, proceeds with suo motu update
• Audit record maintained

13.7 Disclaimer

TNV-LEI not liable for:

• Misuse of LEI post-dissolution
• Delayed or failed reporting by Legal Entity

Obligation lies with the entity and its representative.

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Part 14: Payment, Fees, and Refunds

14.1 Fee Structure

Taxes and gateway fees are extra.

14.2 Payment Methods

Accepted:

• Razorpay
• HDFC Gateway
• UPI
• Other online methods via www.tnvlei.com

Invoices auto-generated. No cash/offline payments unless pre-approved.

14.3 Multi-Year & Subscription Plans

a) Multi-Year

• 2/3/5-year plans available
• Example: 3-year = ₹4,000 + ₹3,000 × 2 = ₹10,000
• Annual validation included

b) Top-Up

• Extend validity up to 5 years
• ₹3,000 per year
• New expiry is from current expiry date

c) Subscription

• Auto-renews annually at ₹4,000
• Cancel at least 60 days before next renewal
• Auto-debit or manual renewal

14.4 Refund Policy

Refund Timeline: 10 business days
Method: Original payment mode only

14.5 Fee Revisions

May occur due to:

• GLEIF fee changes
• Regulatory or tax changes
• Service upgrades

Notice: Updated on www.tnvlei.com
Applies to: New and renewing applications only

14.6 Legal Entity Responsibilities

Entities must:

• Pay on time
• Choose correct plan
• Maintain balance (for agents)
• Cooperate in billing disputes

Part 15: Rights and Obligations of the Parties

15.1 Responsibilities of TNV-LEI

TNV-LEI shall:

• Issue, renew, transfer, and manage LEIs in accordance with ISO 17442 and GLEIF standards
• Maintain a secure and functioning online portal
• Publish accurate FULL and DELTA LEI files
• Respond within service-level timelines
• Provide technical/compliance support via email and tickets
• Maintain confidentiality and comply with GDPR and DPDP Act
• Rely solely on authoritative sources for validation

15.2 Rights of TNV-LEI

TNV-LEI reserves the right to:

• Reject or suspend LEIs for non-compliance
• Refuse service in cases of fraud or data abuse
• Modify these Rules and notify users
• Enforce data corrections based on challenges or GLEIF mandates
• Suspend portal access for security violations
• Pursue legal action for brand abuse or policy violations

15.3 Responsibilities of the Legal Entity

Legal Entities or representatives must:

• Submit accurate, complete data
• Notify TNV-LEI of any changes to LE-RD
• Renew LEIs before expiration
• Avoid duplicate LEI applications
• Cooperate in validation
• Acknowledge LEI data is public and irreversible

15.4 Rights of the Legal Entity

Legal Entities may:

• Access/manage LEIs through the portal
• Transfer LEIs to another LOU
• Dispute incorrect data via the challenge process
• Request update, renewal, or reinstatement
• Receive formal support and communication

15.5 Mutual Obligations

Both parties agree to:

• Operate in good faith and legal compliance
• Respect dispute resolution terms
• Prevent data misuse or miscommunication
• Retain necessary records per compliance requirements

Part 16: Website Use, Data Access, and System Connectivity

16.1 TNV-LEI Online Portal

Accessible via www.tnvlei.com, the portal supports:

• LEI applications, renewals, transfers
• LE-RD updates and challenges
• Payments, invoices, and downloads
• 24/7 user access (except during maintenance)

16.2 Access to LEI Data

Per GLEIF’s CC0 license:

• TNV-LEI publishes daily FULL and DELTA files
• Data is free to use, download, redistribute
• Users may not:
  • Claim ownership
  • Alter public records without disclosure
  • Use TNV-LEI/GLEIF branding without permission

16.3 API and System Integration

TNV-LEI offers API access (on approval) for:

• Bulk application/renewal
• Real-time LE-RD query
• Client/Corporate Agent integration

Subject to authentication, usage policies, and rate limits.

16.4 User Conduct

Portal users must:

• Use legitimate credentials
• Avoid malware, reverse engineering, scraping
• Operate lawfully and within intended purpose

Violations may lead to suspension or legal action.

16.5 Service Interruptions

Downtime may occur due to:

• Maintenance or upgrades
• Hosting/ISP/payment disruptions
• Force majeure (e.g., cyberattacks, disasters)

TNV-LEI will:

• Resume services promptly
• Provide advance notice if possible
• Not be liable for business or regulatory delays

16.6 Modification of Website Terms

TNV-LEI may:

• Update terms or service structure
• Introduce new features/tools
• Enforce changes upon web publication

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Part 17: Data Publication, Use, and Privacy Provisions

17.1 Public Nature of LEI Data

• LEIs and LE-RD are published under the CC0 license
• Data is public and may not be restricted, removed, or claimed as proprietary

17.2 Permitted Uses

Users may:

• Download, republish, analyze LEI data
• Use for regulatory, research, or commercial purposes
• Integrate into systems and tools

Prohibited:

• Misrepresenting TNV-LEI/GLEIF endorsement
• Altering records without attribution

17.3 Privacy and Confidentiality

Non-public data collected:

• Names, emails, contact of Authorized Representatives
• KYC documents, payment metadata

Protected under:

• DPDP Act (India)
• GDPR (EU)
• Other applicable laws

17.4 Data Security

TNV-LEI ensures:

• SSL encryption
• Role-based access, 2FA
• Backup, audit logs
• Secure document/payment handling

17.5 Data Disclosure

Data may be shared only with:

• GLEIF
• Regulators with legal orders
• Approved IT/payment vendors under NDAs

No data sold or shared with marketers.

17.6 Retention and Consent

• LEI records retained for 8 years
• Personal data retained as per legal/contractual need
• Use of TNV-LEI services = implied consent

17.7 Rights of Data Subjects

Users may:

• Request access or correction of personal data
• Withdraw consent (prospectively)
• Request deletion (if legally allowed)
• File grievances with TNV-LEI

Requests to: privacy@tnvlei.com
Response within 30 days

Part 18: Limitation of Liability and Legal Disclaimers

18.1 No Warranty or Endorsement

TNV-LEI issues LEIs solely for unique identification as per ISO 17442 and GLEIF framework. It does not:

• Certify financial health or legal standing,
• Endorse business or regulatory relationships,
• Offer legal, investment, or regulatory advice.

Users must conduct their own due diligence before relying on LEI data.

18.2 Limitation of Liability

TNV-LEI is not liable for:

• Errors in LE-RD provided by Legal Entities
• Delays or rejections due to documentation or validation issues
• Misuse of login credentials
• Portal downtime due to technical or force majeure
• Third-party disputes relying on LEI data
• Regulatory penalties from lapsed or unrenewed LEIs

Maximum liability is limited to the service fee paid for the transaction in question.

18.3 Indemnification

Legal Entity agrees to indemnify TNV-LEI against:

• Submission of false or misleading data
• Violation of rules or misuse of LEI
• Fraudulent use of LEI data
• Acts or omissions by agents/representatives

TNV-LEI may recover legal costs if applicable.

18.4 Force Majeure

TNV-LEI is not responsible for delays or failures caused by:

• Natural disasters or pandemics
• Cyberattacks or outages
• Legal embargoes or court orders
• Failures in external infrastructure (registries, DNS, etc.)

Affected services are suspended and resumed when feasible.

18.5 Legal Interpretation

Rules are governed by:

• Indian law
• GLEIF LEI framework

If a clause is invalid, the remainder shall still apply.

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Part 19: Jurisdiction, Dispute Resolution, and Arbitration

19.1 Governing Law

These Rules are governed by Indian law. Cross-border matters may involve:

• International contract principles
• GLEIF and ISO 17442 operational policies

19.2 Exclusive Jurisdiction

All disputes shall be resolved in the courts of Lucknow, Uttar Pradesh, India.

Legal Entities and TNV-LEI waive objections to this jurisdiction.

19.3 Optional Arbitration

Parties may agree to resolve disputes via arbitration.

a) Arbitration Terms

• Arbitrator nominated jointly
• Governed by Arbitration and Conciliation Act, 1996
• English language
• Venue: Lucknow, India
• Decision is final and binding
• Costs shared equally unless decided otherwise

b) Pre-Arbitration Mediation (Optional)

Parties may choose mediation before arbitration.

19.4 Legal Notices

Send legal notices to:

• support@tnvlei.com or challenge@tnvlei.com

Deemed served on successful email transmission.

TNV-LEI will send notices to:

• Registered email of the Legal Entity
• Official address, if email fails

19.5 Survival of Provisions

These dispute provisions survive:

• Termination or expiry of services
• Transfer or closure of the LEI
• Agent/client changes

Part 20: Miscellaneous and Administrative Provisions

20.1 Entire Agreement

These Rules, along with:

• Terms and Conditions
• Privacy Policy
• Pricing Schedule
• Annexures or signed documents

constitute the full agreement and override prior communications.

20.2 Amendments and Updates

TNV-LEI may revise these Rules due to:

• GLEIF or ISO changes
• Legal or regulatory updates
• Operational adjustments

All changes will be:

• Posted at www.tnvlei.com
• Effective immediately or as notified
• Deemed accepted upon continued use

20.3 Severability

If any clause is invalid:

• It will be severed
• The rest will remain valid
• A similar clause may be substituted to retain intent

20.4 Waiver

TNV-LEI’s failure to enforce a rule does not waive its rights. Waivers must be:

• In writing
• Specific to the instance

20.5 Assignment and Transfer

Legal Entities may not assign rights without TNV-LEI's approval.

TNV-LEI may transfer responsibilities to affiliates or partners in compliance with GLEIF.

20.6 Language and Interpretation

• The official version is English
• Translations are for reference only
• In case of conflict, the English version prevails

20.7 Document Hierarchy

In case of conflict, the following order applies:

1. GLEIF Policies and ISO 17442
2. These Rules
3. Terms and Conditions
4. Privacy Policy / Pricing
5. User agreements or communication

20.8 Document Control and Version

These Rules carry:

• A version number
• Effective date

Revision logs are maintained and archived per policy.