RBI extends deadline for identification of Legal Entity
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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:
| 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
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