Updates under RBI as on 29th April 2019.

Mehta & Mehta > RBI Updates > Updates under RBI as on 29th April 2019.

Legal Entity Identifier: Extension of deadline
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:

PhaseNet Worth of EntitiesCurrent DeadlineExtended Deadline
Phase Iabove Rs.10000 millionApril 30, 2019December 31, 2019
Phase IIbetween Rs.2000 million and Rs 10000 millionAugust 31, 2019December 31, 2019
Phase IIIup to Rs.2000 millionMarch 31, 2020March 31, 2020

 These directions are issued under section 45W, read with section 45U, of the Reserve Bank of India Act, 1934.

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