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
|