Board Resolution Format for Lei Registration

BOARD RESOLUTION: AUTHORIZATION FOR LEGAL ENTITY IDENTIFIER (LEI) REGISTRATION

Document ID: CORP-RES-LEI-2024-001
Effective Date: [Date]
Version: 1.0
Governing Jurisdiction: [State/Country of Incorporation]

STATUTORY & LEGAL COMPLIANCE NOTICE

This document constitutes a formal corporate resolution template. It is provided for informational purposes and reflects best practices in corporate governance. Legal enforceability is subject to the specific Bylaws of the entity and the laws of the Governing Jurisdiction. Users should review this draft with local counsel to ensure compliance with relevant financial regulatory requirements (e.g., MiFID II/EMIR/Dodd-Frank) and internal corporate delegation of authority policies.

I. RECITALS

WHEREAS, [Company Full Legal Name] (the "Company"), a [Type of Entity, e.g., Corporation/LLC] organized under the laws of [Jurisdiction], maintains its principal place of business at [Principal Address];

WHEREAS, the Board of Directors (the "Board") has determined that it is in the best interest of the Company to obtain a Legal Entity Identifier (LEI) to facilitate compliance with global financial regulatory reporting requirements and to ensure the Company’s ability to participate in financial market transactions;

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes the registration of the Company for an LEI with an accredited Local Operating Unit (LOU) or an authorized Registration Agent.

II. OPERATIVE CLAUSES

1. AUTHORIZATION OF REGISTRATION

The Board hereby authorizes and empowers any one of the following officers, namely [Name of Authorized Officer 1] ([Title]) or [Name of Authorized Officer 2] ([Title]) (each an "Authorized Representative"), to act for and on behalf of the Company to execute, deliver, and file any and all applications, agreements, and supporting documentation required to secure an LEI for the Company.

2. APPOINTMENT OF AGENT

The Authorized Representatives are empowered to engage, as necessary, a third-party Registration Agent to facilitate the LEI issuance process. The Company acknowledges that fees incurred for the initial registration and annual renewal shall be paid in accordance with the Agent’s standard fee schedule, not to exceed [Amount in USD] per annum without further Board approval.

3. ACCURACY OF REPRESENTATIONS

The Authorized Representatives are directed to certify that all information provided to the LOU or Registration Agent is true, accurate, and complete, and to notify the relevant LOU of any material changes in the Company's data as required by the Global LEI Foundation (GLEIF) policies.

4. INDEMNIFICATION

To the fullest extent permitted by law, the Company shall indemnify and hold harmless the Authorized Representatives and any board members from any claims, liabilities, or losses arising out of or related to the execution of this resolution, provided such actions were taken in good faith.

5. RATIFICATION

Any and all actions heretofore taken by any Authorized Representative in connection with the matters set forth in this Resolution are hereby ratified, confirmed, and approved in all respects.

III. EXECUTION & FORMAL SIGNATURE BLOCKS

The undersigned, being the Secretary/Director of [Company Full Legal Name], hereby certifies that the foregoing is a true and correct copy of the resolution duly adopted by the Board of Directors on the date set forth below, and that said resolution has not been amended or rescinded.

FOR [COMPANY FULL LEGAL NAME]:

Signature: _____________________________________ Printed Name: [Name of Secretary or Director] Title: [Title / Role] Company: [Company Full Legal Name] Date: [Date]

IV. STEP-BY-STEP EXECUTION & FILING GUIDE

1. Preparation (Fillable Fields):

   • Open the document in your preferred word processor.
   • Replace all bracketed text (e.g., [Company Full Legal Name]) with precise corporate data.
   • Crucial: Ensure the "Authorized Representative" names match the names listed in the Company's Articles of Incorporation or Bylaws regarding binding authority.

2. Verification of Authority:

   • Before executing, confirm that the Board of Directors has a quorum present to pass this resolution as per the company's organizational documents.
   • Check if your specific jurisdiction requires a "Seal of the Corporation" to be affixed to the hard copy.

3. Digital Execution:

   • For remote execution, utilize an E-Signature platform (DocuSign/Adobe Sign).
   • Ensure the workflow includes a "Power of Attorney" or "Certificate of Incumbency" if requested by the LEI Issuer/LOU.

4. Filing & Record Retention:

   • Once executed, the original should be inserted into the Corporate Minute Book.
   • A certified copy must be provided to the Registration Agent during the application process.
   • Maintain a digital PDF/A version in a secure repository for a minimum of seven (7) years to comply with statutory audit requirements.

5. Ongoing Compliance:

   • Set a calendar reminder for the annual LEI renewal date. Failure to renew will result in "Lapsed" status, which may cause the Company’s trading accounts to be suspended by financial institutions.