# `lei_registration_not_current`: the LEI registration has lapsed

The entity is in the register, but its LEI registration is no longer current — most often lapsed, meaning nobody renewed it.

- Appears in: `flag`
- Billing: Free. The flags come with an answer that has already been paid for.

A LEI must be renewed each year against the entity's own national register. A lapsed one means the reference data has not been reconfirmed recently, not that the company has gone.

`registration_status` carries the register's own word: ISSUED, LAPSED, RETIRED, ANNULLED, MERGED or DUPLICATE. `next_renewal_at` says when it was last due.

**What to do.** Treat the entity data as unconfirmed rather than wrong. If the counterparty needs a current LEI for a regulatory reason, this is the flag that says they do not have one.

```json
{
    "flags": [
        "lei_registration_not_current"
    ],
    "registration_status": "LAPSED",
    "next_renewal_at": "2025-04-18"
}
```

Reference: https://spaw.co/docs/reasons/lei_registration_not_current