A unique alphanumeric reference code based on the ISO 17442 standard assigned to a legal entity
Defined in / by
Last updated: 22 August 2026.
Glossary termPublished inIPR
Legal Entity Identifier or LEI
Also known as Legal Entity Identifier, LEI
What does "Legal Entity Identifier or LEI" mean under the Instant Payments Regulation?
Regulations
Instant Payments Regulation (IPR)
The Instant Payments Regulation is Regulation (EU) 2024/886, which amends the SEPA Regulation. Euro-area banks have had to send instant euro credit transfers and offer Verification of Payee since 9 October 2025. Payment institutions and e-money institutions have until 9 April 2027. Daily sanctions screening replaced in-flight screening on 9 January 2025.
NextVOP Scheme Rulebook v1.1 effective; API Security Framework v2.1 mandatoryChecked