Legal Entity Identifier: Extension of deadline


April 26, 2019


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:


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


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