RBI/2018-19/177
FMRD.FMID.No.15/11.01.007/2018-19 April 26, 2019 To All eligible market participants Dear Sir/Madam, Legal Entity Identifier: Extension of deadline A reference is invited to circular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018 issued by the Reserve Bank on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets. 2. Based on the feedback and requests received from market participants, and with a view to enable smoother implementation of the LEI system in non-derivative markets, the timelines for implementation (Phase I and Phase II) are extended as under: | 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 and Rs 10000 million | August 31, 2019 | December 31, 2019 | | Phase III | up to Rs.2000 million | March 31, 2020 | March 31, 2020 | 3. These directions are issued under section 45W, read with section 45U, of the Reserve Bank of India Act, 1934. Yours faithfully (T. Rabi Sankar)
Chief General Manager | |