The RBI, on Friday, extended the deadline for Legal Entity Identifier (LEI) codes for participation in non-derivative markets. Now, the deadline for entities with net worth of over ₹1,000 crore to get the code is December 31, 2019, against the earlier deadline of April 30 this year.

This is also the deadline for those with net worth between ₹200 crore and ₹1,000 crore, while for entities with net worth of less than ₹200 crore, the deadline has been extended to March 31, 2020. “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,” the RBI said.

Published On : 26-04-2019

Source : The Hindu Businessline