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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:
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Phase
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Net
Worth of Entities
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Current
Deadline
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Extended
Deadline
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Phase I
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above Rs.10000 million
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April 30, 2019
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December 31, 2019
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Phase II
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between Rs.2000 million and Rs
10000 million
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August 31, 2019
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December 31, 2019
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Phase III
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up to Rs.2000 million
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March 31, 2020
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March 31, 2020
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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
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