Legal Entity Identifier: Extension of deadline

Earlier, Reserve Bank Of India hasissued CircularNo.FMRD.FMID.No.10/11.01.007/2018-19dated 29-11-2018on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets.LEI is a 20-character unique code assigned to entities who are parties to a financial transaction. All participants, other than individuals, undertaking transactions in the markets regulated by RBI and non-derivative forex markets shall obtain LEI codes by the due date specified in that circular. RBIvide Notification No.RBI/2018-19/177dated 26-04-2019 extended the due dates to apply for LEI code as follows:

Phase Net Worth of Entities Current Deadline Extended Deadline
Phase I Above Rs.10000 million April 30, 2019 December 31, 2019
Phase II Between Rs.2000 million& Rs.10000 million August 31, 2019 December 31, 2019
Phase III Upto Rs.2000million March 31, 2020 March 31, 2020

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